Wednesday,25 January 2023 08:35:46

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Wednesday,25 January 2023 at 08:37

UK & European markets opened fractionally lower following a loss in the previous session, despite data out of the eurozone showing an uptick in business activity in the region’s services and manufacturing sectors.

Asia-Pacific shares traded mixed, taking the lead from Wall Street’s struggle for direction as China and Hong Kong markets remain closed for the Lunar New Year holidays.

Crude oil prices rebounded as demand recovery hopes in top importer China following its exit from Covid pandemic curbs provided support after prices dropped in the previous session on concerns about global economic growth.

Gold priced lower.

In corporate news,budget airline easyJet said it expected to beat full-year profit expectations as it narrowed losses in the first quarter and forward bookings into the summer surged.

The carrier said pre-tax losses for the three months to December 31 came in at £133m against a loss of £213m when Covid travel restrictions were in force.

Markets

At 08:30

FTSE 100 7,762 +0.07%

FTSE 250 19,908 +0.26%

DAX 15,108 +0.10%

At the close

Dow Jones 33,733 +0.31%

S&P 500 4,016 (-0.07%)

NASDAQ 11,334 (-0.27%)

Fixed Income

UK 10-YR YIELD 3.230

Exchange Rates

GBP/USD 1.232

GBP/EUR 1.132

Commodities

Gold $1,931 (-0.30%)

Brent $86.47 (-0.01%)

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.