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Friday,13 May 2022 at 07:40

UK & European stocks advanced as global markets look to regain some ground after a bruising week, with investors assessing the outlook for inflation and interest rates.

Shares in Asia-Pacific edged higher morning trade, continuing a rollercoaster week as investors assess the inflation and the global economic outlook.

Oil prices extended gains but were headed for their first weekly loss in three weeks as worries about inflation and China’s COVID lockdowns slowing global growth offset concerns about dwindling fuel supplies from Russia.

Gold prices held ground near a three-month low on Friday as the strongest dollar in two decades continued to sap demand for greenback-priced bullion, setting up what could be the metal’s fourth consecutive weekly fall.

In corporate news, company software provider Sage Group reported flat interim profits and revenue as organic growth in all regions was offset by disposals and foreign exchange headwinds.

The company said pre-tax profit for the six months to March 31 fell 1% to £189m and revenue slipped to £934m from £937m. 

Markets
At 08:15
FTSE 100 7,293 +0.87%
FTSE 250 19,299 +0.98%
DAX 13,522 +0.58%
At the close
Dow Jones 31,834 (-0.33%)
S&P 500 3,935 (-0.13%)
NASDAQ 11,364 +0.06%
Fixed Income
UK 10-YR YIELD 1.723
Exchange Rates
GBP/USD 1.221
GBP/EUR 1.174
Commodities
Gold $1,824 +0.16%
Brent $108.73 +1.47%
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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