Friday,18 November 2022 16:59:20

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Friday,18 November 2022 at 17:01

Elon Musk has locked Twitter staff out of offices until next week as hundreds of employees reportedly resigned after being given an ultimatum by the billionaire.

The closure until Monday was revealed in an email to staff, with no reason was given.

Hundreds of employees have quit the company after Mr Musk told staff they "need to be extremely hardcore" or leave.

UK and European markets were higher as investors continue to assess the trajectory of monetary policy after some tough statements from U.S. Federal Reserve officials.

U.S. stocks churned ahead as investors neared the end of a turbulent trading week marked by mixed retail earnings and a chorus of hawkish Fedspeak.

Oil fell by more than $3 a barrel and was on track for a second weekly decline, pressured by concern about weakening demand in China and further increases to U.S. interest rates.

Gold priced lower.

Markets

At the close

FTSE 100 7,385 +0.53%

FTSE 250 19,283 +0.84%

DAX 14,431 +1.16%

At 17:00

Dow Jones 33,706 +0.48%

S&P 500 3,955 +0.21%

NASDAQ 11,123 (-0.18%)

Fixed Income

UK 10-YR YIELD 3.240

Exchange Rates

GBP/USD 1.190

GBP/EUR 1.150

Commodities

Gold $1,754 (-0.28%)

Brent $86.55 (-3.80%)

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.