Thursday,11 April 2024 08:52:36

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Thursday,11 April 2024 at 07:50

UK and European markets were mixed at Thursday’s open as global investors digested the latest U.S. inflation data, which came in hotter than expected.

Asia-Pacific markets tumbled after U.S. inflation for March came in hotter than expected, stoking worries that the Federal Reserve may keep interest rates higher for longer.

Gold prices climbed, recouping losses from the previous session, as geopolitical tensions bolstered demand for the safe-haven metal.

Oil prices held steady in early Asian trading after gaining a dollar a barrel in the prior session as investors braced for a worsening of the Middle East crisis, potentially involving Iran, the third-largest oil producer in OPEC.

In corporate news, AstraZeneca announced that it will increase its annual dividend by 7%, which the board said demonstrates its confidence in the company's performance and cash generation.

The company said it would raise the annualised payout for 2024 by 20 cents to $3.10 per share.

Markets

At 08:30

FTSE 100 7,963 +0.03%

FTSE 250 19,804 +0.01%

DAX 18,088 (-0.05%)

At the close

Dow Jones 38,461 (-1.09%)

S&P 500 5,160 (-0.95%)

NASDAQ 16,170 (-0.84%)

Fixed Income

UK 10-YR YIELD 4.219

Exchange Rates

GBP/USD 1.255

GBP/EUR 1.168

Commodities

Gold $2,338 +0.25%

Brent $90.60 +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.