Wednesday,27 March 2024 08:53:35

Market Report by Email

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.

Wednesday,27 March 2024 at 09:19

UK and European stocks opened mixed as market momentum wanes.

Asia-Pacific markets were mixed as investors assessed economic data from China and Australia, while the Japanese yen fell to 151.97 — its weakest level in 34 years against the greenback.

Gold prices edged lower due to an uptick in the dollar, although bullion traded in a narrow range as investors stayed on the side-lines awaiting more cues on the U.S. Federal Reserve policy.

Oil prices fell for a second day after a report that crude stockpiles in the U.S., the world’s biggest oil user, surged and on signs major producers are unlikely to change their output policy at a technical meeting next week.

In corporate news, Travis Perkins said its chief executive Nick Roberts was stepping down from his position and the company's board after serving for five years.

It said the board and Nick had mutually agreed that it was the appropriate time to search for a new leader to guide the business forward.

Roberts will continue in his role until a suitable successor is found, with the Nominations Committee currently engaged in a thorough search process for his replacement, it said.

Markets

At 08:30

FTSE 100 At 08:30

FTSE 250 19,757 (-0.10%)

DAX 18,415 +0.17%

At the close

Dow Jones 39,282 (-0.08%)

S&P 500 5,203 (-0.28%)

NASDAQ 16,315 (-0.42%)

Fixed Income

UK 10-YR YIELD 3.973

Exchange Rates

GBP/USD 1.262

GBP/EUR 1.165

Commodities

Gold $2,178 (-0.01%)

Brent $84.78 (-0.55%)

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.