Thursday,28 March 2024 08:38:13

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Thursday,28 March 2024 at 08:43

UK and European markets opened higher, bouncing back from lacklustre momentum earlier this week.

Japan stocks fell the most among Asian markets, while Australian stocks hit a record high, helped by a boost from mining shares.

Gold prices steadied as investors digested comments from Federal Reserve Governor Christopher Waller on interest rate cuts and looked forward to more U.S. economic data for policy clues.

Global oil prices edged up, recovering from two consecutive sessions of decline, as investors reassessed the latest U.S. crude oil and gasoline inventories data and returned to buying mode.

In corporate news, JD Sports Fashion said it expected full-year profits to be within guidance of £915-935m and said the current year would be "challenging" due to less product innovation and more discounting, but forecast this to moderate with the Paris Olympics and European football finals in the summer.

Markets

At 08:30

FTSE 100 7,955 +0.30%

FTSE 250 19,775 (-0.18%)

DAX 18,472 (-0.01%)

At the close

Dow Jones 39,760 +1.22%

S&P 500 5,248 +0.86%

NASDAQ 16,399 +0.51%

Fixed Income

UK 10-YR YIELD 3.950

Exchange Rates

GBP/USD 1.260

GBP/EUR 1.168

Commodities

Gold $2,194 +0.05%

Brent $85.77 +0.23%

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.