Wednesday,30 November 2022 09:02:46

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Wednesday,30 November 2022 at 09:04

UK & European markets were cautiously higher as regional investors monitored the latest inflation data from the euro zone in November.

Asia-Pacific shares were mostly higher as the reading for China’s November factory activity fell short of expectations, dropping to the lowest reading since April 2022.

Oil prices rose as U.S. crude inventories were seen falling but concerns that OPEC+ would leave output policy unchanged at its upcoming meeting limited gains.

Gold prices were little changed with investors largely focusing on Federal Reserve Chair Jerome Powell’s speech for insights into the U.S. central bank’s monetary policy path.

In corporate news, specialist media publisher Future reported a rise in full-year profits, driven by strong revenue growth and contributions from acquisitions.

The company said pre-tax profit rose 58% to £170m on revenue of £825m, up 36%. It expects “modest” earnings growth in 2023.

Markets

At 08:30

FTSE 100 7,530 +0.24%

FTSE 250 19,248 +0.32%

DAX 14,455 +0.70%

At the close

Dow Jones 33,852 +0.00%

S&P 500 3,957 (-0.16%)

NASDAQ 10,983 (-1.58%)

Fixed Income

UK 10-YR YIELD 3.137

Exchange Rates

GBP/USD 1.196

GBP/EUR 1.156

Commodities

Gold $1,755 +0.43%

Brent $84.65 (-0.29%)

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.