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Monday,13 September 2021 at 15:59

UK and European stocks closed higher with investors continuing to weigh up the European Central Bank’s latest policy decision and inflation data.

U.S. stocks were mostly higher with the major equity averages looking to recover some losses after five straight sessions of declines.

Oil rose supported by concerns over output in the United States because of damage from Hurricane Ida.

Gold prices rose in the run-up to the release of key U.S. economic data including readings on inflation that could dictate the path of Federal Reserve monetary policy.

In corporate news, Royal Mail was the standout gainer following news that the Post Office will begin handling packages for Amazon. 

Markets
At the close
FTSE 100 7,068 +0.56%
FTSE 250 23,775 +0.18%
DAX 15,701 +0.59%
At 16:55
Dow Jones 34,869 +0.76%
S&P 500 4,461 +0.07%
NASDAQ 15,077 (-0.25%)
Fixed Income
UK 10-YR YIELD 0.660
Exchange Rates
GBP/USD 1.384
GBP/EUR 1.171
Commodities
Gold $1,795 +0.44%
Brent $73.42 +0.77%
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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