Thursday,01 December 2022 08:46:08

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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 December.

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.

Markets

At 08:30

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%

Fixed Income

UK 10-YR YIELD 3.114

Exchange Rates

GBP/USD 1.210

GBP/EUR 1.161

Commodities

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.