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Wednesday,24 November 2021 at 08:17
UK& European stocks opened flat as investors monitor the latest data out of the euro zone and the region’s latest Covid surge.
Shares in Asia-Pacific were mixed,
with Japanese stocks leading losses regionally.
Oil prices fellas the U.S.-led coordinated release of stocks from strategic reserves eased
concerns over tightness in global supply, while investors took profits from the
previous day’s rally ahead of the U.S. Thanksgiving holiday.
Gold prices edged up,
although strength in the U.S. dollar and bets that the Federal
Reserve could raise interest rates sooner kept the metal below the key
Chemicals company Johnson
Matthey said it had sold its advanced glass technologies
business to Fenzi Holdings for £178m as it reported a half-year loss and announced
a £200m share buyback.
United Utilities reported
a 4% increase in first-half profit as water consumption increased along with
economic activity. Underlying operating profit rose to £332.8m in the six
months to the end of September from £318.5m a year earlier as revenue increased
4% to £932.3m. The interim dividend rose to 14.50p from 14.41p.
FTSE 100 7,2188 +0.30%
FTSE 250 23,257 +0.15%
DAX 15,937 (-1.04%)
Dow Jones 35,813 +0.55%
S&P 500 4,690 +0.17%
NASDAQ 15,775 (-0.50%)
UK 10-YR YIELD 1.000
Gold $1,792 +0.20%
Brent $82.58 +0.52%
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.