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Thursday,01 December 2022 at 08:49
UK & European markets were higher after U.S. Federal
Reserve Chair Jerome Powell said smaller interest rate hikes could begin in
Markets in the
Asia-Pacific traded higher, carrying on the optimism behind
Wall Street’s rally.
Oil prices nosed ahead in
early Asian trade, lifted by signs of tighter supply.
Gold priced higher.
In corporate news, components maker Essentra said
it had bought Wixroyd
Group, a UK supplier of industrial parts for the engineering
sector, for an initial £29.5m with a further £7m potentially payable on a
deferred earn-out basis.
FTSE 100 7,579 +0.08%
FTSE 250 19,309 +0.76%
DAX 14,509 +0.77%
At the close
Dow Jones 34,589 +2.18%
S&P 500 4,080 +3.09%
NASDAQ 11,468 +4.41%
UK 10-YR YIELD 3.114
Gold $1,776 +0.57%
Brent $86.98 +0.46%
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.