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Tuesday,23 November 2021 at 08:41
and European stocks opened loweras markets look ahead to the latest purchasing manager’s index (PMI)
data for the euro zone.
Shares in Asia-Pacific
were mixedas investors watched the market reaction to U.S.
President Joe Biden picking Jerome Powell for a second term as Federal Reserve chair.
Oil prices fell,
reversing gains from the previous session on talk that the United States, Japan
and India will release crude reserves to tame prices despite the threat of
faltering demand as Covid-19 cases flare up in Europe.
Gold prices edged up
as the dollar gained on U.S. President Joe Biden’s nomination of Federal
Reserve Chair Jerome Powell for a second term.
In corporate news, online electrical retailer AO Worldwarned that supply chain issues
and higher costs would hit full-year earnings and revenue.
The company said the crucial Christmas trading period "is significantly
softer than we anticipated only eight weeks ago".
FTSE 100 7,211 (-0.66%)
FTSE 250 23,232 (-0.84%)
DAX 15,948 (-1.04%)
At the close
Dow Jones 35,619 +0.05%
S&P 500 4,682 (-0.32%)
NASDAQ 15,854 (-1.26%)
UK 10-YR YIELD 0.953
Gold $1,805 +0.05%
Brent $79.09 (-0.54%)
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.