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Tuesday,06 April 2021 at 16:14
UK and European markets closed higher as trading resumes after the Easter holiday, with global sentiment boosted by positive economic data in the U.S. and China.
The U.S. dollar slipped as traders booked profits after a strong March and as a fall in Treasury yields from recent peaks put pressure on the U.S. currency.
Oil prices rose on the prospect of producers returning more than 2 million barrels per day of supply to the market by July.
Gold prices rose after the metal’s appeal was bolstered by a weaker dollar and lower U.S. Treasury yields.
In corporate news, BP rallied after saying it expects to hit its $35bn net debt target during the first quarter of 2021 after faster-than-expected progress on its disposals programme. The company had forecast raising $4bn to $6bn from disposals and said proceeds would now be at the upper end of this range.
At the close
FTSE 100 6,823 +1.28%
FTSE 250 21,994 +1.20%
DAX 15,212 +0.70%
Dow Jones 33,507 (-0.06%)
S&P 500 4,085 +0.18%
NASDAQ 13,771 +0.48%
UK 10-YR YIELD 0.799
Gold $1,743 +0.91%
Brent $63.34 +1.77%
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.