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Tuesday,07 July 2020 at 07:53

U.K. and European markets opened lower as concerns over the threat to economic recovery of new coronavirus cases in the U.S. and weak German data put the brakes on Monday’s rally. 

Stocks in Asia Pacific were mixed as the Reserve Bank of Australia kept its policy settings on hold. 

Gold prices were steady, hovering near an eight-year high, as concerns over surging coronavirus cases around the world kept bullion’s safety demand elevated. 

In corporate news, U.K. first quarter like-for-like sales slumped at Premier Inn owner Whitbread reflecting the full impact of the coronavirus lockdown although it reported good summer demand for tourist destinations. 

JD Sports Fashion said footfall was weaker in stores reopened after lockdown and called for "rental realism" from landlords as the sportswear chain reported record profit for the year to the start of February.

FTSE 100 6,222 (-1.01%)
FTSE 250 17,447 (-0.58%)
DAX 12,604 (-1.01%)
the close
Dow Jones 26,287 +1.78%
S&P 500 3,179 +1.59%
NASDAQ 10,433 +2.21%
Fixed Income
UK 10-YR YIELD 0.18
Exchange Rates
GBP/USD 1.247
GBP/EUR 1.105
Gold $1,781 (-0.13%)
Brent $42.63 (-1.02%)
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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