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Monday,09 May 2022 at 07:31

UK & European stocks opened lower, continuing a negative trend that set in among global markets last week.

Shares in Asia-Pacific fell as investors watched for market reaction to Chinese trade data that came in better-than-expected.

Gold dropped as an elevated dollar pressured demand for greenback-priced bullion, with rising U.S. Treasury yields further weighing on prices.

Oil prices slipped, sparked by fears a global recession could dampen oil demand, with investors eying European Union talks on a Russian oil embargo that is expected to tighten global supplies.

In corporate news, Property firms Shaftesbury and Capital & Counties confirmed that they are in advanced discussions about a possible merger.

Responding to press speculation over the weekend of a £3.5bn deal, they said: "The possible merger would create a REIT focused on the West End of London with a portfolio of circa 2.9 million square feet of lettable space located in high-profile destinations including Covent Garden, Carnaby, Chinatown and Soho. 

Markets
08:25
FTSE 100 7,362 (-0.35%)
FTSE 250 19,633 (-0.94%)
DAX 13,685 +0.08%
the close
Dow Jones 32,899 (-0.30%)
S&P 500 4,123 (-0.57%)
NASDAQ 12,144 (-1.40%)
Fixed Income
UK 10-YR YIELD 2.040
Exchange Rates
GBP/USD 1.227
GBP/EUR 1.166
Commodities
Gold $1,869 (-0.78%)
Brent $110.85 (-1.56%)
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.

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