Thursday,23 June 2022 08:32:27

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Thursday,23 June 2022 at 07:33

UK & European stocks opened lower as global markets see renewed volatility after a brief recovery following last week’s tumultuous trading.

Shares in the Asia-Pacific region were mixed as investors continued to monitor recession concerns.

Oil prices fell 2% in early trade as investors worried that aggressive U.S. interest rate hikes could trigger a recession and dent fuel demand.

Gold prices inched lower, pressured by expectations of aggressive interest rate hikes.

In corporate news, gambling and gaming group 888 Holdings said it expects interim revenues to be “broadly” in line with expectations.

The Gibraltar-based firm, which is in the process of acquiring William Hill, said revenues were likely to come in between £330m and £335m for the six months to 30 June.

Markets

At 08:30

FTSE 100 7,023 (-0.94%)

FTSE 250 18,795 (-0.50%)

DAX 13,095 (-0.37%)

At the close

Dow Jones 30,483 (-0.15%)

S&P 500 3,759 (-0.13%)

NASDAQ 11,053 (-0.15%)

Fixed Income

UK 10-YR YIELD 2.430

Exchange Rates

GBP/USD 1.220

GBP/EUR 1.158

Commodities

Gold $1,833 (-0.22%)

Brent $109.48 (-0.46%)

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.