Friday,15 December 2023 08:26:54

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Friday,15 December 2023 at 08:31

UK & European markets were modestly higher, on course to round out a positive week after a deluge of key policy decisions from major central banks.

Asia-Pacific markets climbed, led by Hong Kong, as Wall Street continued to rally after the U.S. Federal Reserve held rates and laid out a roadmap for cuts in 2024 and beyond.

Gold prices were set on Friday for a weekly gain, as prospects of the U.S. Federal Reserve lowering borrowing costs next year dented the dollar and Treasury yields, boosting demand for the safe-haven asset.

Oil prices rose in early Asian trade, on track to notch their first weekly rise in two months after benefiting from a bullish forecast from the International Energy Agency on oil demand for next year and a weaker dollar.

In corporate news, Naked Wines reiterated plans to turn the business around, despite falling deeper into the red and posting a slump in half-year revenues.

The AIM-listed online retailer said total revenues in the 26 weeks to 2 October had fallen 20%, to £132.3m, while pre-tax losses widened to £9.7m from £0.2m a year previously.

Markets

At 08:15

FTSE 100 7,654 +0.07%

FTSE 250 19,198 +0.44%

DAX 16,825 +0.44%

At the close

Dow Jones 37,248 +0.43%

S&P 500 4,719 +0.26%

NASDAQ 14,761 +0.19%

Fixed Income

UK 10-YR YIELD 3.770

Exchange Rates

GBP/USD 1.276

GBP/EUR 1.163

Commodities

Gold $2,038 +0.14%

Brent $76.73 +0.18%

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.