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Friday,10 July 2020 at 07:35

U.K. and European markets opened lower as concerns about spiking coronavirus cases in the U.S. and elsewhere continue to weigh on the broad recovery rally. 


Asia Pacific markets fell as investors remained cautious due to the growing number of coronavirus cases around the world. 

Oil prices fell on worries that renewed lockdowns following a surge in coronavirus cases in the U.S. and elsewhere would suppress fuel demand. 

Gold prices were steady as worries over a spike in U.S. coronavirus cases kept the safe-haven metal in demand. 

In corporate news, a Petropavlovsk investor has called for a shareholder meeting to remove Peter Hambro and four other directors who were installed in a boardroom coup. 

London commercial landlord Great Portland Estates said it had collected 69% of June rent to date including amounts covered by rent deposits as tenants felt the pressure of the coronavirus lockdown.

Markets
08:21
FTSE 100 6,018 (-0.52%)
FTSE 250 16,956 (-0.17%)
DAX 12,424 (-0.52%)
the close
Dow Jones 25,706 (-1.39%)
S&P 500 3,152 (-0.56%)
NASDAQ 10,547 +0.53%
Fixed Income
UK 10-YR YIELD 0.16
Exchange Rates
GBP/USD 1.257
GBP/EUR 1.116
Commodities
Gold $1,797 (-0.34%)
Brent $41.58 (-1.75%)
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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