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Wednesday,11 May 2022 at 07:34

UK & European stocks opened higher as investors look ahead to the latest inflation reading.

Shares in Asia-Pacific were mixed as investors watched for market reaction to the release of higher-than-expected Chinese inflation data for April.

Oil rose on supply concerns as the European Union worked on gaining support for a ban on Russian oil and major producers warned they may struggle to fill the gap when demand improves.

Gold prices eased to a three-month low as an elevated dollar continued to restrain bullion.

In corporate news, holiday giant TUI said it was confident bookings for this summer would be close to 2019 pre-Covid pandemic levels after first-half losses were more than halved.

The company posted an operating loss of €603m, down 54%, and added that the Ukraine war had not impacted its key markets of the UK, Germany and Benelux, with only Poland and the Nordic countries “subdued”. 

Markets
At 08:15
FTSE 100 7,281 +0.52%
FTSE 250 19,502 +0.60%
DAX 13,582 +0.35%
At the close
Dow Jones 32,160 (-0.26%)
S&P 500 4,001 +0.25%
NASDAQ 11,737 +0.98%
Fixed Income
UK 10-YR YIELD 1.825
Exchange Rates
GBP/USD 1.233
GBP/EUR 1.168
Commodities
Gold $1,849 +0.61%
Brent $104.59 +3.34%
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.

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