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Friday,16 July 2021 at 16:05
and European stocks struggled for direction as investors monitored economic data, corporate
earnings and the spread of the delta Covid-19 variant.
U.S. stocks erased earlier
gains to turn loweras traders digested a slew of earnings
results and a new report on consumer spending that came in stronger-than-expected
Oil prices fell with
OPEC likely to add output to meet a potential revival in demand as more
countries recover from the pandemic.
Gold priced lower.
In corporate news, Rio
Tinto was weaker after it posted a 12% fall in quarterly iron
ore shipments as storms and labour shortages hit its Pilbara operations in
Luxury goods maker Burberryfell even after it reported a sharp rise in first-quarter sales
and maintained full-year guidance as younger customers were attracted to the
At the close
FTSE 100 7,008 (-0.06%)
FTSE 250 22,467 (-0.15%)
DAX 15,530 (-0.64%)
Dow Jones 34,890 (-0.28%)
S&P 500 4,349 (-0.25%)
NASDAQ 14,487 (-0.38%)
UK 10-YR YIELD 0.630
Gold $1,811 (-0.98%)
Brent $73.80 +0.75%
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.