Three major European stock markets on the 9th mixed research institutions optimistic about the prospects of the UK stock market
Europe’s three main stock markets were mixed on Tuesday, with London and Paris closing up 0.12 percent and 0.1 percent, respectively, while Frankfurt closed down 0.34 percent.We note that sterling climbed to a nearly two year high against the dollar on Tuesday, which helped to limit gains in the UK London stock market.Separately, a report from research firm Capital Economics shows that UK stocks are expected to lead the way this year, as the rapid introduction of the new crown vaccine in the UK helps to drive capital rotation and as uncertainty over the UK’s relationship with the EU eases.
International oil prices rose for the seventh consecutive year
Crude oil prices rose for a seventh straight session on Tuesday, hitting a 13-month high.U.S. light WTI crude for March delivery settled at $58.36 a barrel, while Brent crude for April delivery settled at $61.09.The market is optimistic that demand for crude oil will continue to strengthen and that global crude inventories will fall further.
Gold prices rose slightly on the 9th
Gold prices rose slightly on Tuesday, settling at $1,837.5 an ounce for April delivery.The dollar index fell to a one-week low on Tuesday, increasing gold’s appeal.