Monday,25 March 2024 16:53:32

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Monday,25 March 2024 at 16:52

UK and European markets had a mixed start to the new trading week as investors continued to digest a number of central bank policy decisions.

The yen strengthened after Japan’s top currency diplomat warned against speculators trying to weaken the currency.

Oil prices rose on concern over tighter global supply brought about by escalating conflict in the Middle East and between Russia and Ukraine.

Gold prices rose, driven by expectations of interest rate cuts by the U.S. Federal Reserve this year as traders await inflation readings this week for confirmation on the timing of these reductions.

Boeing announced a series of changes within its board and management on Monday, with Dave Calhoun announcing his resignation, as the aerospace giant navigated turbulence around its 737 MAX product.

The company’s president and CEO said he would resign from his role by the end of 2024, but would remain at the helm through the year to oversee Boeing's ongoing efforts to stabilise.

Independent board chair Larry Kellner had also decided not to seek re-election at the upcoming annual shareholder meeting, marking the end of his 13-year tenure on the Boeing board.

Markets

At the close

FTSE 100 7,917 (-0.17%)

FTSE 250 19,613 (-0.56%)

DAX 18,268 +0.34%

At 16:45

Dow Jones 39,353 (-0.31%)

S&P 500 5,224 (-0.18%)

NASDAQ 16,399 (-0.18%)

Fixed Income

UK 10-YR YIELD 3.996

Exchange Rates

GBP/USD 1.264

GBP/EUR 1.165

Commodities

Gold $2,175 +0.50%

Brent $86.04 +1.16%

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.