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Wednesday,08 September 2021 at 16:04
UK and European stocks closed lower, reflecting cautious trade in global markets amid nervousness over economic growth and a resurgence in Covid cases.
U.S.stocks weakenedwith rising COVID-19 infections momentarily upending expectations about growth.
Oil prices roseas U.S. Gulf of Mexico producers made slow progress in rebuilding output.
Gold priced lower.
In corporate news, Smiths Group gained after agreeing to sell is medical business to US-based ICU Medical for $2.4bn.
Housebuilders were in the red, with Persimmon, Taylor Wimpey and Barrattall down.
At the close
FTSE 100 7,095 (-0.75%)
FTSE 250 23,848 (-1.03%)
DAX 15,610 (-1.47%)
Dow Jones 34,958 (-0.41%)
S&P 500 4,500 (-0.43%)
NASDAQ 15,241 (-0.86%)
UK 10-YR YIELD 0.655
Gold $1,792 (-0.11%)
Brent $72.54 +1.34%
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.