Friday,25 November 2022 08:19:49

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Friday,25 November 2022 at 08:22

UK & European stocks were opened more or less flat after US markets were closed for Thanksgiving, and with little in the way of corporate or economic news to provide any direction.

Shares in the Asia-Pacific were mostly lower.

Oil muted as price cap proposal eases supply concerns.

Gold prices steadied, en route to a weekly gain, buoyed by the dollar's retreat on a perceived dovish tilt in the U.S. Federal Reserve's interest rate hike strategy.

In corporate news, energy utility SSE said it was selling a 25% stake in its electricity transmission network business to Ontario Teachers' Pension Plan Board for £1.46bn.

The company said the deal would "unlock significant growth in both the transmission business and across the wider SSE group".

Markets

08:15

FTSE 100 7,469 +0.04%

FTSE 250 19,483 (-0.29%)

DAX 14,541 +0.01%

the close

Dow Jones 34,194 +0.28%

S&P 500 4,027 +0.59%

NASDAQ 11,285 +0.99%

Fixed Income

UK 10-YR YIELD 3.037

Exchange Rates

GBP/USD 1.209

GBP/EUR 1.161

Commodities

Gold $1,752 (-0.18%)

Brent $85.78 +0.92%

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.