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Monday,10 January 2022 at 16:58
and European stocks closed lower with global markets on tenterhooks ahead of key U.S. inflation data
this week and more comments from U.S. Federal Reserve Chairman Jerome Powell on
interest rate hikes.
U.S. stockssank with
technology stocks under renewed pressure as investors anticipate higher
interest rates this year.
Oil prices were largely
steadyas supply disruptions in Kazakhstan and Libya offset
worries stemming from the rapid global rise in Omicron infections.
Gold prices edged higher
despite U.S. 10-year Treasury yields hitting a two-year high, as traders hedged
their positions against inflation and ongoing geopolitical risks.
In corporate news, Persimmon,
Barratt, Berkeley, Taylor Wimpey, Bellway, Countryside, Vistry, Crest Nicholsonand Redrowall slumped on
news the government will seek an extra £4bn from property developers to fund
cladding repairs on low-rise flats.
At the close
FTSE 100 7,445 (-0.53%)
FTSE 250 23,001 (-1.50%)
DAX 15,768 (-1.13%)
Dow Jones 36,739 (-1.36%)
S&P 500 4,603 (-1.57%)
NASDAQ 14,648 (-1.92%)
UK 10-YR YIELD 1.189
Gold $1,794 (-0.12%)
Brent $81.08 (-0.89%)
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.