If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.
Monday,25 March 2024 at 08:32
UK and European markets opened mixed to start the trading week.
Asia-Pacific markets were
mostly lower as investors monitored inflation data from
the region.
Gold prices rose as
renewed bets that the U.S. Federal Reserve would begin cutting interest rates
in June and a softer dollar lifted bullion’s appeal.
Oil prices rose in
early Asian trading on concern over tighter global supply brought about by
escalating conflict in the Middle East and between Russia and Ukraine, while a
shrinking U.S. rig count added to upward price pressure.
In corporate news, B&Q owner Kingfisher said
it expected lower annual profits in the current year as the home improvement
market continued to lag behind demand for housing.
The company, which also owns the Brico depot chain in France, said it expects
adjusted pre-tax profit of £490m - £550m compared with the £568m it reported
for last year, down 25% on 2022/23.
Markets
At 08:15
FTSE 100 7,938 +0.09%
FTSE 250 19,596 (-0.65%)
DAX 18,225 +0.11%
At the close
Dow Jones 39,475 (-0.77%)
S&P 500 5,234 (-0.14%)
NASDAQ 16,428 +0.16%
Fixed Income
UK 10-YR YIELD 3.932
Exchange Rates
GBP/USD 1.261
GBP/EUR 1.165
Commodities
Gold $2,167 +0.10%
Brent $85.23 +0.22%
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.
We use cookies to improve your experience on our website. By continuing to browse, you agree to our use of cookies. Cookie Policy
CLIENT LOGIN
CLIENT LOGIN
