Today's Closing Update

U.S. Stocks were mixed, the tech-index has bounced off its lows and into positive territory, the US 30 and the US 500 remain in the red.

 

European Stocks were lower as investors continued to monitor global trade talks and the shortage of corporate earnings.

 

Severn Trent said it has acquired renewable energy firm Agrivert Holdings Ltd and its subsidiaries for £120m. Agrivert produces renewable energy from food waste, with five well-established food waste anaerobic digestion plants and five green and comingled waste composting sites.

 

Amazon will begin selling food and drinks online in Mexico, including snacks, sweets and wines, it said today, a move that could intensify its competition with Wal Mart de Mexico to claim shoppers in a nascent e-commerce market. Online shopping represents a fraction of total retail sales in Mexico but has grown swiftly, putting Amazon and its rivals in a race to ramp up investments in logistics, technology and product offerings.

 

OPEC and its partners delivered 109% of plegded oil supply curbs in July, OPEC said in a statement today, confirming figures reported on Monday. The OPEC and non-OPEC JMMC committe expressed its satisfaction with recent oil market fundamentals showing a good balance between supply and demand, considering seasonal factors, the statement said.

 

GlaxoSmithKline said the European Commission had granted the company approval to market its severe asthma treatment for paediatric patients across 31 European countries. Following the licence extension, the company’s asthma treatment, Nucala, is now approved for use for severe refractory eosinophilic asthma in both adult and paediatric patients in the 31 European countries covered by the European Medicines Agency, GlaxoSmithKline said.

 

Oil Prices rose, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in U.S. crude inventories.

 

Gold Prices dropped back below key support of $1,200 an ounce, undermined by a firmer dollar following strong U.S. economic data.

Market Close

UK 100 7,516.0 -47.2 -0.6%
UK 250 20,691.8 -45.1 -0.2%
GER 30 12,494.2 -67.4 -0.5%
FRA 40 5,478.1 -23.3 -0.4%
US 30 26,023.92 -100.65 -0.4%
US 500 2,908.51 -5.53 -0.2%
OIL (BRENT) 77.48 +0.34 +0.4%
GOLD 1,200.31 -6.29 -0.5%

UK Risers & Fallers

United Utilities 738.8 +9.4 +1.3%
Whitbread 4020 +31 +0.8%
Hunting 846.25 +90.5 +11.9%
Hammerson 468.15 -24.6 -5.0%
Vodafone 167.52 -5.4 -3.1%
Hays 193.4 -8.8 -4.3%

Reported Economic Data

1.30pm: US Core PCE Price Index m/m 0.1% 0.2% 0.2%
1.30pm: U.S. Personal Spending m/m 0.4% 0.4% 0.4%

 

Sources:

https://uk.reuters.com/article/us-mexico-amazon/amazon-to-launch-food-and-drink-sales-in-mexico-idUKKCN1LF1NE?il=0

https://uk.reuters.com/article/uk-global-oil/oil-rises-on-iran-sanctions-lower-u-s-fuel-inventories-idUKKCN1LF0PF?il=0

https://uk.reuters.com/article/us-opec-oil-cuts/opec-and-partners-deliver-109-percent-of-pledged-oil-cuts-in-july-statement-idUKKCN1LF1HU

https://www.bbc.co.uk/news/business

 

 

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