Wednesday,13 December 2023 08:31:15

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Wednesday,13 December 2023 at 08:30

UK & European markets were mixed as investors awaited the U.S. Federal Reserve’s last monetary policy decision of the year.

China stocks led declines among Asia-Pacific markets as investors digested Beijing’s plan to boost domestic demand, ahead of the interest rate decision from the U.S. Federal Reserve.

Gold prices traded in a narrow range as investors refrained from making big bets ahead of the U.S. Federal Reserve’s interest rate decision and policy outlook later in the day.

U.S. crude oil prices dropped more than 3% as traders worries that the Federal Reserve does not yet have inflation under control.

In corporate news, Entain chief executive officer Jette Nygaard-Andersen has resigned from her position with immediate effect.

It has appointed Stella David, a non-executive director, as interim CEO until a permanent replacement is selected.

Jette's decision to leave came after the resolution of HMRC's investigation into the company's legacy Turkish-facing business.

Markets

At 08:15

FTSE 100 7,557 +0.21%

FTSE 250 18,718 +0.30%

DAX 16,816 +0.15%

At the close

Dow Jones 36,577 +0.48%

S&P 500 4,643 +0.46%

NASDAQ 14,533 +0.70%

Fixed Income

UK 10-YR YIELD 3.936

Exchange Rates

GBP/USD 1.252

GBP/EUR 1.161

Commodities

Gold $1,980 +0.06%

Brent $72.69 (-0.76%)

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.