Tuesday,24 January 2023 08:37:27

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Tuesday,24 January 2023 at 08:38

UK & European markets nudged higher with investors awaiting the latest flash purchasing managers’ index data from the euro zone in January.

Markets in the Asia-Pacific traded higher as Lunar New Year holidays were observed in most of the region.

Crude oil prices rose slightly in a market focused on prospects of demand recovery from top importer China and on the global economic outlook ahead of company earnings.

Gold prices edged up as the dollar weakened.

In corporate news, Primark owner Associated British Foods posted a 20% rise in sales during the Christmas period as consumers continued to hunt for bargains amid the cost-of-living crisis.

The company, which also has agriculture, sugar and food ingredients operations, said revenue in the 16 weeks to January 7 rose to £6.7bn, with Primark sales up 18% to £3.1bn. Group full-year expectations remain unchanged.

Markets

At 08:30

FTSE 100 7,752 (-0.42%)

FTSE 250 19,814 +0.06%

DAX 15,118 +0.10%

At the close

Dow Jones 33,629 +0.76%

S&P 500 4,019 +1.19%

NASDAQ 11,364 +2.01%

Fixed Income

UK 10-YR YIELD 3.345

Exchange Rates

GBP/USD 1.240

GBP/EUR 1.138

Commodities

Gold $1,939 +0.45%

Brent $87.92 (-0.10%)

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.