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Monday,07 June 2021 at 16:07

UK and European stocks closed slightly higher, despite fears over rising inflation. 

The U.S dollar edged up, recovering from Friday’s drop on U.S. jobs data which was below expectations. 

Oil pulled back as investors awaited the outcome of this week’s talks over a nuclear deal that is expected to boost crude supplies. 

Gold retreated with investors’ focus switching to U.S. inflation readings later this week. 

In corporate news, BT was the standout gainer after announcing the launch of a new business unit that will serve "the millions of UK firms which are either small by design or just starting up". 

Royal Mail rallied following reports it will offer timed delivery slots next year as it looks to compete with Amazon.

At the close
FTSE 100 7,077 +0.12%
FTSE 250 22,908 +0.33%
DAX 15,677 (-0.10%)
At 16:50
Dow Jones 34,631 (-0.36%)
S&P 500 4,217 (-0.30%)
NASDAQ 13,811 (-0.02%)
Fixed Income
UK 10-YR YIELD 0.809
Exchange Rates
GBP/USD 1.417
GBP/EUR 1.162
Gold $1,894 +0.16%
Brent $71.48 (-0.17%)
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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