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Monday,28 November 2022 at 08:45
UK & European markets retreated as investors monitor
unrest in China as protests against strict Covid measures and lockdowns erupted
over the weekend.
Hong Kong stocks led losses
in a negative Asia-Pacific session amid unrest in
China over its continued zero-Covid policy.
Oil futures fell more than
$2 a barrel with WTI hitting an 11-month low.
Gold prices slipped as the
dollar strengthened on safe-haven demand triggered by protests
in several Chinese cities.
In corporate news, mining company Rio
Tinto has reached an agreement with traditional land
owners after the destruction of sacred rock shelters at the Juukan Gorge in
Western Australia two years ago.
Neither side disclosed financial terms for the deal, but Rio will fund a
foundation to be led and controlled by traditional owners, focusing on
education, training opportunities and financial independence through businesses
FTSE 100 7,448 (-0.51%)
FTSE 250 19,511 (-0.17%)
DAX 14,511 (-0.21%)
At the close
Dow Jones 34,347 +0.45%
S&P 500 4,026 (-0.03%)
NASDAQ 11,226 (-0.52%)
UK 10-YR YIELD 3.075
Gold $1,757 +0.18%
Brent $81.40 (-2.85%)
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.