Thursday,16 June 2022 08:36:16

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Thursday,16 June 2022 at 07:50

UK & European stocks opened lower as global markets digest the U.S. Federal Reserve’s decision to enact the largest interest rate hike since 1994.

Asia-Pacific markets were mixed with multiple regional markets shedding earlier gains.

Oil prices recovered from a steep drop in the previous session, supported by tight oil supply and peak summer consumption.

Gold prices inched lower.

In corporate news, safety equipment maker Halma reported a rise in adjusted annual profits after a surge in revenues and said it was on track to deliver high returns in the current year.

The company posted adjusted pre-tax profit of £316m, up 14% as revenue rose 16% to pass £1.5bn for the first time.

Markets

At 08:15

FTSE 100 7,236 (-0.50%)

FTSE 250 19,209 (-0.55%)

DAX 13,417 (-0.50%)

At the close

Dow Jones 30,668 +1.00%

S&P 500 3,789 +1.46%

NASDAQ 11,099 +2.50%

Fixed Income

UK 10-YR YIELD 2.420

Exchange Rates

GBP/USD 1.207

GBP/EUR 1.160

Commodities

Gold $1,827 (-0.31%)

Brent $119.03 +0.20%

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.