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.
Tuesday,20 September 2022 at 07:21
& European markets opened positive following broadly higher trade in Europe on Monday, as stocks recovered
from a tough week last week.
Shares in the Asia-Pacific
rose as Japan’s inflation accelerated and China kept its
loan prime rate on hold.
Oil prices were little
changed on concerns that interest rate hikes in the United
States to tame inflation will curb economic growth and fuel demand in the
world’s biggest crude consumer.
Gold prices traded in a tight
range as investors maintained a cautious stance ahead of
this week’s policy meeting by the Federal Reserve.
In corporate news, B&Q owner Kingfisher reported
a fall in first-half profits against a tough comparator last year when DIY
boomed during pandemic lockdowns.
The company said pre-tax profits for the six months to July 31 fell by a third
to £474m, while like-for-like sales were down 4.1% to £6.8bn.
FTSE 100 7,302 +0.92%
FTSE 250 18,838 +0.22%
DAX 12,848 +0.35%
At the close
Dow Jones 31,019 +0.64%
S&P 500 3,899 +0.69%
NASDAQ 11,535 +0.76%
UK 10-YR YIELD 3.182
Gold $1,674 (-0.09%)
Brent $92.44 +0.77%
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.