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Wednesday,07 April 2021 at 16:09
UK stocks closed slightly higher as investors assess recovery hopes and economic data.
The dollar fell as market participants waited for the Federal Reserve’s meeting minutes due later in the session to help determine the future path for the dollar.
Oil prices eased despite prospects for stronger global economic growth as talks to revive a nuclear deal with Iran opens the possibility of an easing of sanctions on its oil exports.
Gold prices fell as robust economic data from the United States lifted expectations of a rapid recovery and dampened bullion’s appeal.
In corporate news, Just Eat was the top gainer, with traders suggesting that a strike at rival Deliveroo could be boosting the shares. The union for Deliveroo said earlier that workers are striking in a dispute over pay and conditions.
At the close
FTSE 100 6,885 +0.91%
FTSE 250 22,160 +0.76%
DAX 15,176 (-0.24%)
Dow Jones 33,377 (-0.16%)
S&P 500 4,072 (-0.02%)
NASDAQ 13,667 (-0.23%)
UK 10-YR YIELD 0.777
Gold $1,740 (-0.15%)
Brent $61.74 (-1.39%)
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.