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Monday,13 June 2022 at 07:08

UK & European stocks fell again at the open following heavy losses on Friday on the back of hotter-than-expected US inflation data, and as investors digest the latest UK GDP figures.

Shares in Asia tumbled, as major markets in the region saw sharp losses and the dollar-yen hovered around the 135 level.

Gold prices eased from a one-month high scaled earlier in the session, as red-hot U.S. inflation data lifted Treasury yields and tempered the appeal of safe-haven bullion.

Oil prices slipped more than $2 as a flare-up in Covid-19 cases in Beijing quelled hopes for a rapid pick-up in China’s fuel demand, while worries about global inflation and economic growth further depressed the market.

In corporate news, industrial business park owner Sirius Real Estate reported a 73.1% rise in annual rents to €167m driven by higher demand and acquisitions as it lifted its dividend by 16%.

Pre-tax profit for the year to March 31 was up 3.2% to €169m. The company is paying out a total per-share dividend of 4.4 cents. 

Markets
08:05
FTSE 100 7,249 (-0.96%)
FTSE 250 19,405 (-1.36%)
DAX 13,761 (-3.08%)
the close
Dow Jones 31,392 (-2.73%)
S&P 500 3,900 (-2.91%)
NASDAQ 11,340 (-0.43%)
Fixed Income
UK 10-YR YIELD 2.447
Exchange Rates
GBP/USD 1.226
GBP/EUR 1.170
Commodities
Gold $1,863 (-0.42%)
Brent $120.01 (-2.28%)
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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