Tuesday,14 June 2022 08:22:34

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Tuesday,14 June 2022 at 07:24

UK & European stocks opened in mixed territory after sharp declines in global markets on Monday.

Shares in Asia-Pacific mostly tumbled after the S&P 500 fell overnight and closed in bear market territory.

Oil prices seesawed, holding up despite recession fears and potential new Covid-19 curbs in China that could dampen demand as the market remains tightly supplied.

Gold hovered near a four-week low but prices remained largely pressured by a strong dollar and investors dumping bullion to cover for losses in other assets.

In corporate news, equipment rental company Ashtead said it had delivered a record full-year, with both revenue and profits up following a solid fourth-quarter showing.

Ashtead said full-year revenues were up 19% at $7.96bn, with annual rental revenues 24% stronger at $7.23bn.

Markets

At 08:15

FTSE 100 7,260 +0.81%

FTSE 250 19,308 +0.78%

DAX 13,544 +0.86%

At the close

Dow Jones 30,516 (-2.79%)

S&P 500 3,749 (-3.88%)

NASDAQ 10,809 (-4.68%)

Fixed Income

UK 10-YR YIELD 10,809 (-4.68%)

Exchange Rates

GBP/USD 1.216

GBP/EUR 1.164

Commodities

Gold $1,828 +0.52%

Brent $123.28 +0.97%

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.