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Monday,07 June 2021 at 07:49
and European stocks opened weakerfollowing comments from Janet Yellen who said that slightly higher
interest rates would be a “plus” for the Fed and society.
Shares in Asia-Pacific
were mixed as investors reacted to Chinese trade data for May.
Oil priced lower
as investors awaited the outcome of talks between Iran and world powers over a
nuclear deal that is expected to boost crude supplies.
Gold priced loweron
the potential for higher interest rates following comments from the United
States Secretary of the Treasury.
In corporate news, Reckitt
Benckisersaid it has agreed to sell its baby formula business
in China to the private equity firm Primavera for $2.2bn. AstraZeneca
said that final results from the ‘ELEVATE-RR’ phase 3 trial of ‘Calquence’, or
acalabrutinib, demonstrated non-inferior progression-free survival (PFS) and
statistically significantly fewer events of atrial fibrillation versus
ibrutinib in adults with previously-treated chronic lymphocytic leukaemia
FTSE 100 7,042 (-0.38%)
FTSE 250 22,808 (-0.13%)
DAX 15,658 (-0.22%)
At the close
Dow Jones 34,756 +0.52%
S&P 500 4,229 +0.88%
NASDAQ 13,814 +1.47%
UK 10-YR YIELD 0.802
Gold $1,882 (-0.44%)
Brent $71.10 (-0.70%)
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.