Monday,07 November 2022 08:44:49

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Monday,07 November 2022 at 08:45

U.K. and European markets opened lower as investors gear up for a busy week in U.S. politics.

Hong Kong stocks led gains in the Asia-Pacific as China’s trade data fell far short of expectations.

Oil prices fell more than $1 a barrel after Chinese officials on the weekend reiterated their commitment to a strict Covid containment approach.

Gold prices slipped from a three-week high scaled in the previous session.

In corporate news, budget airline Ryanair on posted record interim profits driven by summer bookings and said expected full-year profits to hit pre-Covid levels.

The carrier also upgraded passenger forecasts as it posted a €1.37bn after-tax profit in the six months to September 30, compared with a €48m loss last year due to pandemic restrictions on travel.

Markets

At 08:30

FTSE 100 7,335 +0.00%

FTSE 250 18,397 +0.30%

DAX 13,464 +0.03%

At the close

Dow Jones 32,403 +1.26%

S&P 500 3,770 +1.36%

NASDAQ 10,475 +1.28%

Fixed Income

UK 10-YR YIELD 3.593

Exchange Rates

GBP/USD 1.139

GBP/EUR 1.142

Commodities

Gold $1,673 (-0.41%)

Brent $97.90 +3.55%

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.