Tuesday,15 November 2022 08:35:40

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Tuesday,15 November 2022 at 08:47

U.K. and European markets opened cautiously lower as investors gauge the economic outlook in the region and wider global economy.

Shares in the Asia-Pacific were mostly higher following the meeting between its president Xi Jinping and U.S. President Joe Biden.

Oil prices extended losses after OPEC cut its 2022 global demand forecast.

Gold hovered near a three-month high, as a top U.S. central bank official’s comment raised hopes that the Federal Reserve would adopt a less aggressive approach on rate hikes.

In corporate news, BAE Systems held guidance as it said a weaker pound would provide a tailwind for reported annual earnings and sales.

The company said it also expected to benefit from increased defence spending by countries in which it operates due to rising tensions brought on by Russia’s unprovoked invasion of Ukraine last February.

Markets

At 08:30

FTSE 100 7,383 (-0.01%)

FTSE 250 19,596 (-0.13%)

DAX 14,341 +0.18%

At the close

Dow Jones 33,536 (-0.63%)

S&P 500 3,957 (-0.89%)

NASDAQ 11,196 (-1.12%)

Fixed Income

UK 10-YR YIELD 3.354

Exchange Rates

GBP/USD 1.183

GBP/EUR 1.137

Commodities

Gold $1,778 +0.52%

Brent $92.72 +0.22%

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.