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Tuesday,20 July 2021 at 16:03

UK and European stocks closed higher, recovering from a sharp sell-off in the previous session on fears of a Covid-19 resurgence.

U.S. stocks rallied with Wall Street recouping much of the previous session's steep losses.

Oil edged up above $69 a barrel as a tight physical market offset some of the COVID-19 and OPEC+ supply concerns behind the previous session’s slide.

Gold prices climbed as a dip in U.S. Treasury yields boosted the safe-haven metal’s appeal.

In corporate news, Housebuilders Berkeley and Persimmon were among the top performers.

Just Eat was weaker, having gained a day earlier, probably on expectations that people might eat out less if Covid cases continue to rise. 

Markets
At the close
FTSE 100 6,881 +0.54%
FTSE 250 22,119 +0.81%
DAX 15,216 +0.55%
At 16:45
Dow Jones 34,480 +0.54%
S&P 500 4,315 +1.34%
NASDAQ 14,440 +1.16%
Fixed Income
UK 10-YR YIELD 0.566
Exchange Rates
GBP/USD 1.360
GBP/EUR 1.156
Commodities
Gold $1,807 (-0.26%)
Brent $69.46 +1.02%
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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