Tuesday,08 November 2022 08:38:32

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Tuesday,08 November 2022 at 08:39

U.K. and European markets declined as global investors look to the United States, where midterm elections are taking place.

Stocks in the Asia-Pacific were mixed as investors digest the Bank of Japan’s summary of opinions and look ahead to the U.S. midterm elections.

Oil prices were little changed as supply worries offset recession fears and China’s commitment to its zero-Covid policy.

Gold prices slipped.

In corporate news, housebuilder Persimmon warned of fewer completions and a hit to margins from falling house prices amid the cost-of-living crisis.

The company said cancellation rates had risen to 28% from 21% in the last six weeks after the government’s disastrous mini budget - which saw thousands of mortgage offers pulled from the market - and rising interest rates.

Markets

At 08:30

FTSE 100 7,266 (-0.47%)

FTSE 250 18,493 (-0.35%)

DAX 13,522 (-0.09%)

At the close

Dow Jones 32,827 +1.31%

S&P 500 3,806 +0.96%

NASDAQ 10,564 +0.85%

Fixed Income

UK 10-YR YIELD 3.679

Exchange Rates

GBP/USD 1.147

GBP/EUR 1.148

Commodities

Gold $1,668 (-0.37%)

Brent $97.71 (-0.17%)

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.