Thursday,04 April 2024 08:45:30

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Thursday,04 April 2024 at 07:43

UK and European markets opened slightly higher as investors look to build momentum following a shaky start to the new trading quarter.

Asia-Pacific markets rebounded following a sell-off in the previous session, as investors digest comments from U.S. Federal Reserve Chairman Jerome Powell.

Gold priced lower.

Oil prices rose in early Asian trade on concerns of lower supply as major producers are keeping output cuts in place and on signs of stronger economic growth in the U.S., the world’s biggest oil consumer.

In corporate news, Entain, the sports betting and gambling group currently without a permanent chief executive, has announced that chair Barry Gibson will also step down later this year following a four-year tenure.

Gibson, who joined the board in November 2019 and became chair in February 2020, has given notice to retire some time before the end of September, depending on when Entain can find a replacement to former CEO Jette Nygaard-Anderson.

The Ladbrokes, Sportingbet and Foxy Bingo owner has been without a CEO since December when Nygaard-Anderson resigned in the wake of a £585m settlement with the Crown Prosecution Service regarding historic activities of its Turkish business.

Markets

At 08:30

FTSE 100 7,957 +0.25%

FTSE 250 19,785 +0.16%

DAX 18,357 (-0.06%)

At the close

Dow Jones 39,127 (-0.11%)

S&P 500 5,211 +0.11%

NASDAQ 16,277 +0.23%

Fixed Income

UK 10-YR YIELD 4.087

Exchange Rates

GBP/USD 1.266

GBP/EUR 1.166

Commodities

Gold $2,295 (-0.14%)

Brent $89.30 +0.03%

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.