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Tuesday,06 April 2021 at 07:39

U.K. and European stocks opened higher following the bank holiday weekend. 


Shares in the Asia-Pacific region were mixed after major indexes on Wall Street surged to record closing highs overnight. 

Oil priced higher as a drop in the U.S. dollar made crude a more attractive buy, paring losses incurred overnight on the prospect of producers returning more than 2 million barrels per day of supply to the market by July. 

Gold priced higher as a weaker dollar made bullion cheaper and more attractive for buyers outside the United States, while a pull-back in U.S. Treasury yields provided further support. 

In corporate news, Oil giant BP said it expected to hit its $35bn net debt target during the first quarter of 2021 after faster-than-expected progress on its disposals programme. 

Software company Sage Group has entered into an agreement for the sale of its Swiss business to HR software provider Infoniqa which is majority-owned by Warburg Pincus.

Markets
At 08:21
FTSE 100 6,805 +1.01%
FTSE 250 21,923 +0.88%
DAX 15,236 +0.86%
At the close
Dow Jones 33,527 +1.13%
S&P 500 4,077 +1.44%
NASDAQ 13,705 +1.67%
Fixed Income
UK 10-YR YIELD 0.80
Exchange Rates
GBP/USD 1.387
GBP/EUR 1.175
Commodities
Gold $1,729 +0.10%
Brent $62.86 +1.00%
Important - No news or research item should be construed as a recommendation to trade. 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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