Monday,20 June 2022 08:38:49

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Monday,20 June 2022 at 07:41

UK & European stocks inched slightly higher after a tumultuous trading week last week.

Shares in Asia-Pacific were mixed, as investors monitored market reaction to the release of China’s latest benchmark lending rates.

Oil prices edged down, reversing earlier gains as concerns about slowing global economic growth and fuel demand offset worries about tightening supplies.

Gold extended losses as an elevated dollar weighed on bullion demand, with a U.S. market holiday expected to lead to thin trading during the day.

In corporate news, low-cost airline easyJet said it was cutting more flights this summer and faced higher-than-expected costs as a result of staff shortages across the industry that has led to travel chaos at most British airports.

Passengers have faced cancellations and delays at airports due to shortages in ground handling and security staff after companies

Markets

At 08:30

FTSE 100 7,038 +0.33%

FTSE 250 18,984 +0.29%

DAX 13,151 +0.20%

At the close

Dow Jones 29,888 (-0.00%)

S&P 500 3,674 +0.22%

NASDAQ 10,798 +1.43%

Fixed Income

UK 10-YR YIELD 2.517

Exchange Rates

GBP/USD 1.223

GBP/EUR 1.162

Commodities

Gold $1,840 +0.02%

Brent $113.34 +0.18%

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.