Friday,04 November 2022 08:50:43

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Friday,04 November 2022 at 09:11

UK and European stocks opened higher as markets round out a big week for central bank policy decisions and corporate earnings.

Hong Kong stocks briefly rose with tech and consumer cyclical stocks driving the surge amid China reopening rumours.

Oil prices slid in early trade, extending losses from the previous session on fears U.S. interest rates will go higher than previously expected.

Gold prices were little changed, but the metal was headed for a second straight weekly drop.

In corporate news, drugmaker AstraZeneca said that its Beyfortus asset had received European Union approval for the prevention of respiratory syncytial virus lower respiratory tract disease in newborns and infants.

AstraZeneca stated that Beyfortus was now the first and only single-dose RSV passive immunisation for the broad infant population, including those born healthy, at term or pre-term, or with specific health conditions.

Markets

At 08:30

FTSE 100 7,234 +0.63%

FTSE 250 18,182 +0.41%

DAX 13,212 +0.63%

At the close

Dow Jones 32,001 (-0.46%)

S&P 500 3,719 (-1.06%)

NASDAQ 10,342 (-1.73%)

Fixed Income

UK 10-YR YIELD 3.500

Exchange Rates

GBP/USD 1.122

GBP/EUR 1.147

Commodities

Gold $1,648 +1.17%

Brent $96.52 +2.08%

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.