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Monday,13 June 2022 at 07:08
& European stocks fell againat the open following heavy losses on Friday on the back of
hotter-than-expected US inflation data, and as investors digest the latest UK
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.
FTSE 100 7,249 (-0.96%)
FTSE 250 19,405 (-1.36%)
DAX 13,761 (-3.08%)
Dow Jones 31,392 (-2.73%)
S&P 500 3,900 (-2.91%)
NASDAQ 11,340 (-0.43%)
UK 10-YR YIELD 2.447
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.