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Monday,07 June 2021 at 07:49

UK and European stocks opened weaker following 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 lower on the potential for higher interest rates following comments from the United States Secretary of the Treasury.

In corporate news, Reckitt Benckiser said 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 (CLL). 

Markets
At 08:20
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%
Fixed Income
UK 10-YR YIELD 0.802
Exchange Rates
GBP/USD 1.412
GBP/EUR 1.162
Commodities
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.
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