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Wednesday,12 January 2022 at 08:21

UK and European stocks opened higher as investors await the latest reading of U.S. inflation data to assess the economic picture in the world’s biggest economy.

Asia-Pacific markets rose as comments from the Federal Reserve chief appeared to reassure investors.

Oil prices climbed after the Jerome Powell signalled the central bank may raise rates more slowly than expected, which should support oil demand in the near term.

Gold prices eased after less hawkish comments from the Federal Reserve chief fuelled a bullion rally in the previous session. In UK corporate news,

JD Sports lifted annual profits guidance after revenues rose 10% in the 22 weeks to January 1 and US fiscal stimulus boosted trading.

The sports fashion chain said it expected pre-tax profits of at least £875m compared with previous expectations of £810m. It added that US fiscal stimulus "may have contributed up to £100m to this result". 

At 08:15
FTSE 100 7,531 +0.55%
FTSE 250 23,160 +0.57%
DAX 16,053 +0.69%
At the close
Dow Jones 36,252 +0.51%
S&P 500 4,713 +0.92%
NASDAQ 15,153 +1.41%
Fixed Income
UK 10-YR YIELD 1.167
Exchange Rates
GBP/USD 1.363
GBP/EUR 1.199
Gold $1,817 (-0.20%)
Brent $83.86 +0.12%
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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