Wednesday,13 December 2023 17:08:19

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

Wednesday,13 December 2023 at 17:09

UK and European markets closed flat as investors awaited the U.S. Federal Reserve’s last monetary policy decision of the year.

The dollar edged up against the euro ahead of the conclusion of a Federal Reserve policy meeting that could offer some insight into when the U.S. central bank will begin lowering interest rates.

U.S. crude oil prices dropped as traders worried that the Federal Reserve does not yet have inflation under control.

Gold extended gains as subdued Treasury yields boosted the bullion’s appeal.

Electric car titan Tesla is having to send software updates to more than 2m vehicles due to problems associated with their autopilot technology.

The National Highway Traffic Safety Administration (NHTSA) announced on Tuesday evening that autopilot controls in 2m Tesla vehicles equipped with Autosteer were classed as "insufficient" when the driver is not paying attention or prepared to intervene.

The news follows a years-long investigation by the NHTSA into Tesla's drive-assistance tech after a number of crashes.

Markets

At the close

FTSE 100 7,548 +0.08%

FTSE 250 18,695 +0.18%

DAX 16,766 (-0.15%)

At 17:00

Dow Jones 36,587 +0.03%

S&P 500 4,650 +0.14%

NASDAQ 14,550 +0.12%

Fixed Income

UK 10-YR YIELD 3.834

Exchange Rates

GBP/USD 1.252

GBP/EUR 1.160

Commodities

Gold $1,982 +0.20%

Brent $74.23 +1.32%

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.