Thursday,14 March 2024 08:53:52

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Thursday,14 March 2024 at 08:52

UK and European markets edged higher with investors keeping an eye out for another key U.S. inflation reading for February.

Asia-Pacific markets were mixed after Wall Street’s tech-fuelled rally dissipated, with investors focused on Japan’s spring wage negotiations and India’s wholesale inflation data.

Gold priced lower in early trade.

Oil extended gains in Asian trade after a surprise drop in U.S. crude stockpiles indicated strengthening demand, while possible supply disruptions following Ukrainian attacks on Russian refineries also underpinned prices.

In corporate news, online ticketing platform Trainline reported a strong jump in sales as fewer strikes in the UK and competition for passengers in Italy and Spain boosted revenues.

Total group sales for the year to February 29 rose 22% to £5.3bn, with international ticketing up 14% to £1bn and the UK surging 23% to £3.5bn.

Markets

At 08:15

FTSE 100 7,769 (-0.04%)

FTSE 250 19,560 (-0.02%)

DAX 18,024 +0.36%

At the close

Dow Jones 39,043 +0.10%

S&P 500 5,165 (-0.19%)

NASDAQ 16,177 (-0.54%)

Fixed Income

UK 10-YR YIELD 4.140

Exchange Rates

GBP/USD 1.280

GBP/EUR 1.170

Commodities

Gold $2,169 (-0.24%)

Brent $84.25 +0.81%

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.