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Wednesday,13 October 2021 at 15:53

UK and European stocks turned positive as concerns around global growth and inflation were offset by a strong start to earnings season.

U.S. stocks traded mixed as investors digested new earnings data and a key inflation report, which showed a faster-than-expected rise in inflation across a broad range of goods.

Oil prices dropped after a mixed finish in the previous session, amid worries that soaring coal and natural gas prices in China, India and Europe will stoke inflation and slow global growth, reducing oil demand.

Gold rose, boosted by concerns of an economic hit from soaring energy prices and a retreat in the dollar, as investors braced for U.S. inflation data.

In corporate news, Barratt was the standout performer on index after it said strong demand for its homes had continued into the current fiscal year despite a reduction in government incentives, adding it was on track to deliver full-year medium targets.

Peers Taylor WimpeyPersimmon and Berkeley also pushed higher. 

Markets
At the close
FTSE 100 7,141 +0.16%
FTSE 250 22,635 +0.74%
DAX 15,253 +0.70%
At 16:50
Dow Jones 34,190 (-0.56%)
S&P 500 4,339 (-0.24%)
NASDAQ 14,495 +0.21%
Fixed Income
UK 10-YR YIELD 1.092
Exchange Rates
GBP/USD 1.364
GBP/EUR 1.178
Commodities
Gold $1,793 +1.92%
Brent $83.28 (-0.04%)
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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