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Tuesday,23 November 2021 at 08:41

UK and European stocks opened lower as markets look ahead to the latest purchasing manager’s index (PMI) data for the euro zone.

Shares in Asia-Pacific were mixed as 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 World warned 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". 

Markets
At 08:30
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%)
Fixed Income
UK 10-YR YIELD 0.953
Exchange Rates
GBP/USD 1.339
GBP/EUR 1.188
Commodities
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.
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