Monday,08 April 2024 08:46:35

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Monday,08 April 2024 at 07:44

UK and European stocks opened mixed to kick off a week of key data releases and central bank decisions.

Asia-Pacific markets were largely up ahead of central bank decisions this week, with investors also awaiting inflation numbers from the U.S. and China.

Gold prices extended their record rally, supported by speculative buying and continued tensions in the Middle East, which overshadowed strong U.S. job growth in March.

Oil prices fell more than $1 a barrel, with Brent sliding under $90, as Middle East tensions eased after Israel withdrew more soldiers from southern Gaza and committed to fresh talks on a potential ceasefire in the six-month conflict.

In corporate news, Rio Tinto announced the appointment of Bold Baatar as its chief commercial officer to oversee its global commercial and business development, succeeding Alf Barrios, who was retiring.

The FTSE 100 miner said Baatar, currently chief executive of copper, would assume the new role on 1 September, relocating to Singapore.

Barrios would continue until August, transitioning to the role of chair for China, Japan, and Korea until his retirement at the end of 2024, while Baatar would manage sales, marketing, procurement, and business development, and maintain leadership on the Simandou project in Guinea.

Markets

At 08:30

FTSE 100 7,902 (-0.11%)

FTSE 250 19,729 +0.02%

DAX 18,228 +0.30%

At the close

Dow Jones 38,904 +0.80%

S&P 500 5,204 +1.11%

NASDAQ 16,248 +1.24%

Fixed Income

UK 10-YR YIELD 4.107

Exchange Rates

GBP/USD 1.262

GBP/EUR 1.165

Commodities

Gold $2,335 +0.23%

Brent $89.86 (-0.76%)

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.