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Thursday,12 May 2022 at 07:35
& Europeanstocks fellsharply at
the open as global markets digest the latest inflation reading out of the
Shares in Asia-Pacificwere lower as tech stocks sold off following overnight
losses on Wall Street.
Oil prices dropped in
a volatile week as economic concerns and recession fears dogged global
financial markets, outweighing supply concerns and geopolitical tensions in
U.S. consumer price data suggested inflation might have peaked in April,
allaying some concerns of more aggressive Fed rate hikes.
In corporate news, retailer JD
Sportssaid that like-for-like sales were more than 5%
higher year-on-year, driven by both the "strength and breadth" of its
brand relationships and category offerings.
The FTSE 100 firm believes that headline pre-tax profits for the year ending 28
January 2023 will at least be equal to that for the year ended 29 January 2022,
which it expects to be approximately £940.0m.
FTSE 100 7,183 (-2.25%)
FTSE 250 19,299 (-1.77%)
DAX 13,522 (-2.21%)
At the close
Dow Jones 31,834 (-1.02%)
S&P 500 3,935 (-1.65%)
NASDAQ 11,364 (-3.18%)
UK 10-YR YIELD 1.733
Gold $1,847 (-0.28%)
Brent $104.70 (-2.10%)
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.