Wednesday,22 June 2022 08:26:55

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Wednesday,22 June 2022 at 07:27

UK & European stocks opened in negative territory, giving up gains made in the previous session amid more positive global sentiment.

Shares in the Asia-Pacific region traded lower as economic fears continue to weigh on the market.

Oil prices fell in early trade amid a push by U.S. President Joe Biden to bring down soaring fuel costs.

Gold prices eased as the dollar firmed.

In corporate news, retailer JD Sports Fashion more than doubled annual profits and said trading in the current year to date was up 5%.

The company posted pre-tax profits of £654.7m for the year to January 29, up from £324m a year earlier, driven by strong performances in the UK, Ireland and North America.

Markets

At 08:30

FTSE 100 7,062 (-1.25%)

FTSE 250 18,715 (-1.24%)

DAX 13,061 (-1.73%)

At the close

Dow Jones 30,530 +2.15%

S&P 500 3,764 +2.45%

NASDAQ 11,069 +2.51%

Fixed Income

UK 10-YR YIELD 2.557

Exchange Rates

GBP/USD 1.216

GBP/EUR 1.216

Commodities

Gold $1,825 (-0.43%)

Brent $109.00 (-4.88%)

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.