Monday,28 November 2022 08:42:11

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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 development.

Markets

At 08:30

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%)

Fixed Income

UK 10-YR YIELD 3.075

Exchange Rates

GBP/USD 1.208

GBP/EUR 1.159

Commodities

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.