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Friday,20 January 2023 at 08:23
UK & European markets climbed as traders look for a
partial recovery from Thursday’s selloff, with the outlook for monetary policy
still firmly in focus.
Asia-Pacific traded higher
as investors digested Japan’s inflation data. The nationwide core consumer
price index rose 4% in December on an annualized basis, the fastest pace since
Oil prices rose
on optimism that the U.S. Federal Reserve will ends its tightening cycle,
buoying the economy and boosting fuel demand.
Gold prices held steady
but were on track for a fifth consecutive weekly gain, as a weaker dollar and
hopes of slower U.S. interest rate hikes boosted the safe-haven bullion’s
In corporate news, power generatorSSE upgraded annual earnings expectations as higher gas prices
and better storage offset lower-than-expected renewables output.
The company lifted adjusted earnings per share to more than 150 pence from
previous guidance of at least 120 pence.
FTSE 100 7,775 +0.37%
FTSE 250 19,589 +0.08%
DAX 14,985 +0.44%
Dow Jones 33,044 (-0.76%)
S&P 500 3,898 (-0.76%)
NASDAQ 10,852 (-0.96%)
UK 10-YR YIELD 3.293
Gold $1,935 +0.23%
Brent $87.02 +0.82%
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.