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Friday,29 May 2020 at 16:04

U.K. and European markets fell due to escalating tensions between the U.S. and China. 


U.S. stocks fell, ahead of President Donald Trump’s news conference on China. 

Oil prices were slightly higher even as U.S. inventory data showed lacklustre fuel demand. 

Gold rose as caution set in with investors awaiting U.S. President Donald Trump’s response to a Chinese national security law for Hong Kong. 

In corporate news, AstraZeneca rallied as the pharmaceuticals giant said a clinical trial of its Tagrisso drug to treat non-small cell lung cancer reduced the risk of disease recurrence or death by approximately 80%. 

Rolls-Royce was sharply lower after Standard & Poor’s downgraded its long and short-term credit ratings to BB and B, respectively, with a negative outlook.

Markets
the close
FTSE 100 6,076 (-2.29%)
FTSE 250 17,042 (-1.70%)
DAX 11,586 (-1.65%)
16:56
Dow Jones 25,199 (-0.79%)
S&P 500 3,015 (-0.46%)
NASDAQ 9,369 +0.00%
Fixed Income
UK 10-YR YIELD 0.18
Exchange Rates
GBP/USD 1.232
GBP/EUR 1.108
Commodities
Gold $1,734 +0.96%
Brent $35.82 +1.30%
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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