Thursday,22 February 2024 08:44:55

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Thursday,22 February 2024 at 08:47

UK and European markets opened higher ahead of a busy day of earnings and data in the region.

Asia-Pacific markets closed higher.

Gold priced higher as the Middle East conflict boosted safe-haven demand.

Oil prices rose slightly, holding to gains from the previous session that came amid signs of tighter supply.

In corporate news, Lloyds Bank reported a 57% jump in full-year profits on the back of higher interest rates and announced another £2bn share buyback.

Pre-tax earnings at the lender for the year to December 31 were £7.5bn, although profits in the fourth quarter slipped 4% due to mortgage pricing and deposit mix headwinds. Net income rose 3% to £17.9bn.

It also set aside £450m for the recently-announced review into motor finance.

Markets

At 08:15

FTSE 100 7,672 +0.13%

FTSE 250 19,182 +0.33%

DAX 17,380 +1.54%

At the close

Dow Jones 38,612 +0.13%

S&P 500 4,981 +0.13%

NASDAQ 15,580 (-0.32%)

Fixed Income

UK 10-YR YIELD 4.131

Exchange Rates

GBP/USD 1.269

GBP/EUR 1.168

Commodities

Gold $2,031 +0.32%

Brent $2,031 +0.32%

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.