Thursday,10 November 2022 08:45:22

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Thursday,10 November 2022 at 08:47

U.K. and European markets opened lower as investors around the world digest incoming results from the U.S. midterm elections.

Shares in the Asia-Pacific fell as investors await U.S. inflation data.

Oil extended losses as renewed Covid curbs in China, the world’s biggest crude importer, weighed on the market.

Gold prices rose.

In corporate news, book and stationery retailer WH Smith swung to an annual profit as a rebound in air and rail travel boosted revenues, with that momentum continuing into the new fiscal year.

The company posted pre-tax earnings of £63m compared with a loss of £116m a year ago when Covid travel restrictions were in place.

Markets

At 08:30

FTSE 100 7,287 (-0.12%)

FTSE 250 18,582 (-0.35%)

DAX 13,620 (-0.37%)

At the close

Dow Jones 32,513 (-1.95%)

S&P 500 3,748 (-2.08%)

NASDAQ 10,353 (-2.48%)

Fixed Income

UK 10-YR YIELD 3.471

Exchange Rates

GBP/USD 1.138

GBP/EUR 1.138

Commodities

Gold $1,707 +0.13%

Brent $92.36 (-0.01%)

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.