Monday,07 November 2022 17:27:34

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Monday,07 November 2022 at 17:29

Ryanair has posted record profits for the summer months with no let-up in passenger demand after the post-pandemic bounce back in travel.

Europe’s largest carrier by passenger numbers said that in the six months to September 30 profits after tax were €1.37 billion, up from a €107.4 million loss for the same period last year.

The airline raised its passenger traffic forecast for the full year to March 31 by 1.5 million people to 168 million.

U.K. and European markets closed marginally higher as investors geared up for a busy week in U.S. politics, with the midterm elections, as well as the latest consumer inflation report.

U.S. stocks were mixed as investors geared up for another week of potentially market-moving events.

Oil prices were stable, hovering close to $100 a barrel as support from a weaker dollar and recovering Chinese crude imports met renewed demand concerns linked to China’s stringent Covid containment approach.

Gold priced lower.

Markets

At the close

FTSE 100 7,299 (-0.48%)

FTSE 250 18,559 +1.19%

DAX 13,533 +0.55%

At 17:00

Dow Jones 32,593 +0.59%

S&P 500 3,776 +0.14%

NASDAQ 10,453 (-0.22%)

Fixed Income

UK 10-YR YIELD 3.632

Exchange Rates

GBP/USD 1.150

GBP/EUR 1.147

Commodities

Gold $1,677 (-0.20%)

Brent $98.75 +4.43%

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.