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Wednesday,12 January 2022 at 16:56
and European stocks nudged higher as investors monitored the latest reading of U.S. inflation data to
assess the economic picture in the world’s biggest economy.
U.S. stocks roseas
investors eyed a new report on inflation, which showed another decades-high
rate of price increases across the recovering economy.
Oil prices steadied after
rising in the previous session on expectations that fuel demand will continue
to strengthen as the U.S. Federal Reserve is likely to raise interest rates
more slowly than expected..
although bullion’s gains were offset by improved appetite for riskier assets
since the rise in consumer prices were mostly in line with expectations.
In corporate news, miners were the standout gainers as metals prices rose,
with BHP, Antofagasta, Rio, Glencoreand Anglo American all
as it hailed a resilient third-quarter performance in the UK despite the
emergence of the Omicron variant, but said trading in pubs and restaurants
remained more challenging.
At the close
FTSE 100 7,551 +0.81%
FTSE 250 23,047 +0.08%
DAX 16,003 +0.40%
Dow Jones 36,256 +0.02%
S&P 500 4,720 +0.15%
NASDAQ 15,169 +0.10%
UK 10-YR YIELD 1.144
Gold $1,824 +0.16%
Brent $84.92 +1.38%
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.