Market Report

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

* indicates required

Please select all the ways you would like to hear from Ramsey Crookall:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our email marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing.

Learn more about Mailchimp's privacy practices here.

Monday,22 May 2023 at 15:56

UK and European stock markets were choppy, with investors keeping an eye on debt ceiling talks in the United States and the results of the Greek election.

The dollar rose as investors waited on fresh signals on whether the U.S. Federal Reserve is likely to continue hiking interest rates.

Oil prices were steady as caution relating to U.S. debt ceiling talks dragged on optimism over demand later in the year and offset support from lower supplies from Canada and OPEC+ producers.

Gold prices inched lower as hawkish comments from a couple of U.S. Federal Reserve officials on Monday weighed on non-yielding bullion’s allure.

Shares in gold producer Polymetal tanked after the US placed its Russian operations on a sanctions list in retaliation for Moscow's invasion of Ukraine, although the company stressed the measures did not impact assets outside Russia.

The new sanctions from the Biden administration hit Polymetal’s Russian Subsidiary, JSC Polymetal - which is now on the US Specially Designated Nationals and Blocked Persons List. Shares in Polymetal fell 18% in London on the news.

At the close
FTSE 100 7,770 +0.18%
FTSE 250 19,273 (-0.08%)
DAX 16,227 (-0.29%)
At 16:45
Dow Jones 33,356 (-0.21%)
S&P 500 4,197 +0.14%
NASDAQ 12,718 +0.48%
Fixed Income
UK 10-YR YIELD 4.068
Exchange Rates
GBP/USD 1.241
GBP/EUR 1.149
Gold $1,971 (-0.31%)
Brent $75.85 +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.

We use cookies to improve your experience on our website.
By continuing to browse, you agree to our use of cookies. Cookie Policy

Members of the London Stock Exchange and PIMFA | Licensed by the Isle of Man Financial Services Authority (IoMFSA) Registered Office: Ramsey Crookall and Co. Ltd., 38/42 Athol Street, Douglas, Isle of Man, IM1 1QH
Copyright © 2023 - Ramsey Crookall & Co. Ltd
Building Personal Finance Futures London Stock Exchange