US Closing Report
Communication service stocks have outperformed with 21st Century Fox trading sharply higher as Walt Disney and Comcast battle for their TV and film assets – Walt Disney have upped their offered to $71.3 Bln.
In the bond markets, US yields have risen this afternoon with 10-year up three basis points to 2.93% which has helped the Dollar Index hang on to the 95 handle.
In the oil markets, US crude futures settled at $65.71 (+$0.81) after the Saudi Oil Minister said the market demands more oil in the second half of the year. He also said that every OPEC Minister he has met agreed it is time to change course.
Elsewhere, the UK House of Lords passed the EU Withdrawal bill after peers back down on ‘meaningful vote’ amendment
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