Tuesday,27 February 2024 09:18:33

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Tuesday,27 February 2024 at 09:17

UK and European markets opened negative, following their global counterparts lower.

Asia-Pacific markets traded mixed, with Hong Kong stocks leading the declines and Japan’s Nikkei 225 giving up gains from earlier in the session.

Gold priced higher.

Oil prices ticked up in early Asian trading, extending gains for the third straight day, as shipping disruptions spurred supply worries.

In corporate news, British speciality chemicals company Croda International warned of lower operating margins after posting a slump in 2023 profits due to customers destocking and a weak macroeconomic environment.

Pre-tax profit for the year to December 31 fell 69.7% to £236.3m. The company, which supplies the consumer and life sciences industries, said it expected group adjusted operating margin to be two to three percentage points lower and adjusted profit before tax to be between £260m and £300m in full year 2024.

Markets

At 08:15

FTSE 100 7,694 +0.14%

FTSE 250 19,137 +0.05%

DAX 17,452 +0.16%

At the close

Dow Jones 39,069 (-0.16%)

S&P 500 5,069 (-0.38%)

NASDAQ 15,976 (-0.13%)

Fixed Income

UK 10-YR YIELD 4.040

Exchange Rates

GBP/USD 1.269

GBP/EUR 1.168

Commodities

Gold $2,038 +0.38%

Brent $81.85 +0.12%

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.