Thursday,17 November 2022 08:48:18

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Thursday,17 November 2022 at 08:49

U.K. and European markets opened mixed as investors focused on geopolitics and a big budget announcement due in the U.K.

Shares in the Asia-Pacific traded mostly lower with the Hang Seng Index falling 2.09% as Chinese technology stocks saw sharp losses.

Oil prices fell for a second day in early Asian trade as concerns over geopolitical tensions eased.

Gold prices were flat as safe-haven demand from latest geopolitical concerns faded.

In corporate news, Royal Mail owner International Distribution Systems swung to a half-year loss, blaming weak parcel volumes and strikes at the UK postal carrier.

Pre-tax losses came in at £127m, compared with a profit of £315m a year earlier.

Markets

At 08:30

FTSE 100 7,330 (-0.27%)

FTSE 250 19,070 (-0.22%)

DAX 14,361 +0.90%

At the close

Dow Jones 33,553 (-0.12%)

S&P 500 3,958 (-0.83%)

NASDAQ 11,183 (-1.54%)

Fixed Income

UK 10-YR YIELD 3.126

Exchange Rates

GBP/USD 1.194

GBP/EUR 1.148

Commodities

Gold $1,768 (-0.20%)

Brent $92.76 +0.18%

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.