Tuesday,11 January 2022 17:01:15

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Tuesday,11 January 2022 at 17:03

UK and European stocks climbed as investors look ahead to the next U.S. inflation reading on Wednesday.

U.S. stocks had a choppy start to trading, advancing after earlier declines as investors weight testimony from Federal Reserve Chair Jerome Powell.

Oil prices climbed, with investors regaining some risk appetite as as some oil producers continued to struggle to beef up output.

Gold prices firmed above the key $1,800 mark, buoyed by a retreat in the dollar and U.S. Treasury yields, as investors looked for cues on expected policy tightening from Federal Reserve Chair Jerome Powell.

In corporate news, Dechra Pharmaceuticals climbed on news that it has agreed terms with Anivive Lifesciences, Inc to acquire the worldwide rights to verdinexor, a novel treatment of all forms and stages of canine lymphoma in dogs.

Markets

At the close

FTSE 100 7,491 +0.62%

FTSE 250 23,028 +0.11%

DAX 15,941 +1.13%

At 16:55

Dow Jones 36,135 +0.21%

S&P 500 4,696 +0.55%

NASDAQ 15,132 +1.26%

Fixed Income

UK 10-YR YIELD 1.174

Exchange Rates

GBP/USD 1.362

GBP/EUR 1.198

Commodities

Gold $1,815 +0.76%

Brent $83.40 +3.00%

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.