Tuesday,20 February 2024 08:51:37

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

Tuesday,20 February 2024 at 08:50

UK and European stocks opened negative as sentiment struggles to pick up in global markets.

Asia-Pacific markets closed mixed as investors assessed decisions on key lending rates by China’s central bank.

Gold priced higher in early trade.

Oil prices were little changed in early Asian trading, hovering close to three-week highs on heightened Middle East tensions and recovering China demand.

In corporate news, Barclays Bank reported a fall in annual earnings after fourth-quarter profits dropped by 92%.

Pre-tax profit for the year to the end of December 2023 came in at £6.55bn, down 6%. Fourth-quarter earnings were £110m compared with £1.3bn a year ago.

It added that it planned to return at least £10bn of capital to shareholders between 2024 and 2026, through dividends and share buybacks, “with a continued preference for buybacks”.

Markets

At 08:15

FTSE 100 7,711 (-0.22%)

FTSE 250 19,140 (-0.40%)

DAX 17,056 (-0.20%)

At the close

Dow Jones 38,627 (-0.37%)

S&P 500 5,005 (-0.48%)

NASDAQ 15,775 (-0.82%)

Fixed Income

UK 10-YR YIELD 4.081

Exchange Rates

GBP/USD 1.258

GBP/EUR 1.168

Commodities

Gold $2,021 +0.19%

Brent $83.23 +0.54%

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.