Thursday,07 March 2024 09:30:39

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Thursday,07 March 2024 at 09:29

UK and European markets were lower ahead of the European Central Bank’s policy meeting Thursday.

Japan stock indexes retreated from record highs while investors assessed better-than-expected trade data from China.

Gold prices held well above the $2,100 level.

Oil prices ticked higher after U.S. crude inventories rose less than expected last week and fuel stocks saw large draws.

In corporate news, Virgin Money rocketed after agreeing to be taken over by Nationwide Building Society in a £2.9bn deal.

Virgin shareholders will receive 220p per share, which is a 38% premium to the closing share price on Wednesday.

Markets

At 09:15

FTSE 100 7,650 (-0.36%)

FTSE 250 19,522 +0.25%

DAX 17,662 (-0.31%)

At the close

Dow Jones 38,661 +0.20%

S&P 500 5,104 +0.51%

NASDAQ 16,031 +0.58%

Fixed Income

UK 10-YR YIELD 4.120

Exchange Rates

GBP/USD 1.273

GBP/EUR 1.168

Commodities

Gold $2,154 +0.31%

Brent $82.55 (-0.12%)

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.