Tuesday,09 April 2024 09:03:03

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Tuesday,09 April 2024 at 08:01

UK and European markets opened lower as investors look ahead to more key economic data this week, including U.S. inflation figures out Wednesday.

Asia-Pacific markets were mixed as investors assessed consumer confidence data from Japan, with focus also on U.S. inflation numbers to assess the Federal Reserve’s rate cut path.

Gold prices rose, hovering near a record peak hit in the previous session, supported by firm central bank buying, while investors watched out for the Federal Reserve’s policy meeting minutes and U.S. inflation data for fresh signals.

Oil prices rose in early Asian trading after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza and ease tension in the Middle East.

In corporate news, oil giant BP ticked up after saying it expects first-quarter upstream production to be higher than the previous three months.

Markets

At 08:30

FTSE 100 7,945 +0.02%

FTSE 250 19,831 (-0.12%)

DAX 18,237 (-0.44%)

At the close

Dow Jones 38,892 (-0.03%)

S&P 500 5,202 (-0.04%)

NASDAQ 16,253 +0.03%

Fixed Income

UK 10-YR YIELD 4.057

Exchange Rates

GBP/USD 1.265

GBP/EUR 1.165

Commodities

Gold $2,355 +0.71%

Brent $90.71 +0.59%

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.