Wednesday,16 November 2022 09:17:19

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Wednesday,16 November 2022 at 09:19

U.K. and European markets were mixed as political instability gripped the region after a missile hit Polish territory, raising tensions between Russia and NATO.

Shares in the Asia-Pacific were mostly lower as world leaders gathered in Bali, Indonesia for a second day of the Group of 20 summit.

Oil prices were little changed as Covid-19 cases in China continued to climb, sparking worries of lower fuel demand in the world’s top crude importer.

Gold prices steadied near a three-month peak as signs of cooling U.S. inflation boosted bets for smaller rate hikes.

In corporate news, Mr Kipling owner Premier Foods backed its full-year expectations as it posted a rise in first-half profit and revenue despite a challenging backdrop.

In the 26 weeks to 1 October, adjusted pre-tax profit increased 11.9% to £47m on revenue of £418.6m, up 6.2% on the same period a year earlier.

Markets

At 08:30

FTSE 100 7,379 +0.18%

FTSE 250 19,328 (-0.66%)

DAX 14,337 (-0.29%)

At the close

Dow Jones 33,592 +0.17%

S&P 500 3,991 +0.87%

NASDAQ 11,358 +1.45%

Fixed Income

UK 10-YR YIELD 3.309

Exchange Rates

GBP/USD 1.187

GBP/EUR 1.141

Commodities

Gold $1,777 (-0.03%)

Brent $93.93 +0.25%

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.