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Friday,04 June 2021 at 16:09

UK and European stocks closed higher as investors digested a key U.S. jobs report.

The U.S. dollar held near a three-week high after U.S. non-farm payrolls data was released.

Oil rose as OPEC+ supply discipline and recovering demand countered COVID-19 vaccination rollout concerns.

Gold priced higher thanks to a firm dollar and upbeat U.S. data that pointed to a strengthening labour market.

In corporate news, Pershing Square Holdings was in the red after it said its special acquisition vehicle was in talks to buy a 10% stake in Universal Music Group for $4bn (£2.bn).

Ocado and Just Eat Takeaway - both of which have benefitted from Covid restrictions and lockdowns - were among the biggest gainers. 

Markets
At the close
FTSE 100 7,069 +0.07%
FTSE 250 22,832 +0.13%
DAX 15,692 +0.39%
At 16:50
Dow Jones 34,665 +0.26%
S&P 500 4,221 +0.67%
NASDAQ 13,800 +1.37%
Fixed Income
UK 10-YR YIELD 0.795
Exchange Rates
GBP/USD 1.417
GBP/EUR 1.164
Commodities
Gold $1,892 +1.20%
Brent $71.57 +0.27%
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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