The US authorities filed a lawsuit against Facebook - what are the implications?
UK stocks conclude up
On Wednesday, the British stock market concluded the trading session up due to the strengthening sectors of mining, wood processing and software and computer services.
At the time of closing on the London Stock Exchange the UK 100 tacked on by up to 0.18%.
The leaders of surge among the components of the index UK 100 were the equities of Paddy Power Betfair PLC that rallied by 6.31%, concluding at about 8.250.00. Shares of Micro Focus International PLC inched up by 6.19%, concluding the trading session at about 1.347,50. Besides this, Paper Anglo American PLC soared by 4.98%, ending up with 1.892.40.
The leaders of the decline were the stocks of Centrica PLC that slumped by 5.05%, finishing the trading session at 140.90. Equities of Capita PLC managed to ascend 2.19%, closing at 127.25, Provident Financial dived by 1.93%, demonstrating 641.80.
As a matter of fact, on the London Stock Exchange, the number of more expensive securities (1045) managed to beat the number of closed in the red (925), and the quotes of 312 shares didn’t change.
In addition to this, equities of Anglo American PLC inched up to a maximum, adding 4.98%, concluding trading at 1.892.40.
Meanwhile, June delivery gold futures headed south 0.07%, being worth $1.289.40 per troy ounce. As for other products, June delivery Brent futures went down 0.41%, ending up with $71.02 per barrel. Additionally, July delivery Brent futures slumped 0.26%, hitting $78.23 a barrel.
Meanwhile, in the Forex market, the currency pair GBP/USD inched down up to 0.24% coming up with an outcome of 1.3473. At the same time the currency pair EUR/GBP went down 0.21% being worth about 0.8747.
In addition to this, futures on the USD index went up by about 0.26%, coming up with a result of 93.38.
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The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.