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Tuesday,26 May 2020 at 07:26

U.K. and European stocks opened higher as optimism grows that a coronavirus vaccine can be found. 

Stocks in Asia Pacific jumped after American biotech firm Novavax said it started the first human study of its experimental coronavirus vaccine. 

Oil prices climbed as demand picks up with more cars back on the road as coronavirus lockdowns are eased around the world. 

Gold ticked higher as brewing China-U.S. tensions over Hong Kong lifted demand for the safe-haven metal, though easing coronavirus restrictions supported equities and capped bullion’s gains. 

In corporate news, Aston Martin confirmed the departure of chief executive Andy Palmer to be replaced by AMG chief Tobias Moers in August. 

EasyJet chief financial officer Andrew Findlay has resigned just days after the airline's founder Stelios Haji-Ioannnou failed to remove him and three other leading board members. The FTSE 100 company said Findlay was expected to work his year's notice while the board looks for a replacement.

FTSE 100 6,112 +1.98%
FTSE 250 16,817 +2.55%
DAX 11,391 +2.87%
the close
Dow Jones 24,465 (-0.04%)
S&P 500 2,955 +0.24%
NASDAQ 9,324 +0.00%
Fixed Income
UK 10-YR YIELD 0.19
Exchange Rates
GBP/USD 1.226
GBP/EUR 1.121
Gold $1,728 +0.12%
Brent $36.30 +2.14%
This report has been prepared for private circulation. 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.
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