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Thursday,28 May 2020 at 16:15

U.K. and European stocks rallied as a massive EU stimulus plan and fresh U.S. unemployment data offset concerns over rising U.S.-China tensions. 

U.S markets were higher despite an additional 2.1 million Americans filing jobless claims last week, continuing claims reduced by 4 million. 

Gold was higher as a deepening rift between the United States and China and weak economic data fuelled concerns about the global economy. 

In corporate news, Rolls-Royce shares slumped after AKO Capital sold 96.7m shares in the aerospace and defence giant. 

EasyJet flew higher after it announced plans to cut about 4,500 jobs, or 30% of its workforce, as the airline prepares to restart flying with a smaller fleet and reduced demand as a result of the Covid-19 crisis.

FTSE 100 6,218 +1.21%
FTSE 250 17,338 +1.14%
DAX 11,781 +1.06%
the close
Dow Jones 25,680 +0.52%
S&P 500 3,053 +0.57%
NASDAQ 9,461 +0.53%
Fixed Income
UK 10-YR YIELD 0.21
Exchange Rates
GBP/USD 1.232
GBP/EUR 1.113
Gold $1,723 +0.86%
Brent $35.21 +2.86%
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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