Tuesday,29 November 2022 08:49:03

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Tuesday,29 November 2022 at 08:50

UK & European markets opened mixed as investors continue to monitor news from China over Covid restrictions.

Stocks in Hong Kong continued to rally as Chinese health authorities encouraged its elderly to get vaccinated.

Oil prices dropped in early trade, weighed down by concerns about slowing fuel demand in top crude importer China amid strict Covid-19 curbs.

Gold prices ticked up while market participants awaited more clarity on the U.S. Federal Reserve’s rate hike stance.

In corporate news, budget airline easyJet narrowed full-year losses and said it was ramping up preparations for next summer as travellers looked for value for money during the cost-of-living crisis.

The company posted an annual pre-tax loss of £208m compared with a £1bn loss during the Covid pandemic which shut down air travel.

Markets

At 08:30

FTSE 100 7,537 +0.88%

FTSE 250 19,297 +0.03%

DAX 14,385 +0.02%

At the close

Dow Jones 33,849 (-1.45%)

S&P 500 3,963 (-1.54%)

NASDAQ 11,049 (-1.58%)

Fixed Income

UK 10-YR YIELD 3.091

Exchange Rates

GBP/USD 1.203

GBP/EUR 1.160

Commodities

Gold $1,755 +0.90%

Brent $85.89 +3.23%

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.