Thursday,09 June 2022 08:48:29

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Thursday,09 June 2022 at 07:52

UK & European stocks opened lower ahead of the latest interest rate decision from the European Central Bank.

Asia-Pacific stocks were mixed, with investors watching for market reaction to China’s trade data for May that performed above expectations.

Oil prices edged up with crude futures supported by tight supplies and recovering fuel demand as China’s top cities relax Covid-19 curbs.

Gold prices edged lower.

In corporate news, Bus and train operator FirstGroup has formally rejected a £1.2bn takeover approach from US private equity firm I Squared, saying it "significantly undervalues" the firm and that a conditional cash component did not provide shareholders with enough certainty.

Markets

At 08:15

FTSE 100 7,556 (-0.49%)

FTSE 250 20,216 (-0.46%)

DAX 14,360 (-0.60%)

At the close

Dow Jones 32,910 (-0.81%)

S&P 500 4,115 (-1.08%)

NASDAQ 12,086 (-0.73%)

Fixed Income

UK 10-YR YIELD 2.248

Exchange Rates

GBP/USD 1.251

GBP/EUR 1.167

Commodities

Gold $1,851 (-0.12%)

Brent $123.23 (-0.32%)

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.