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Thursday,25 May 2023 at 15:52

UK and European markets were lower as negative sentiment on the back of ongoing U.S. debt ceiling negotiations continued to weigh.

The euro fell as Europe’s largest economy Germany was confirmed to be in a recession.

Oil prices fell after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts.

Gold slid as optimism around the U.S. debt ceiling talks lowered safe-haven demand for bullion and robust economic data fuelled bets of another rate hike by the Federal Reserve.

Capita has been selected as preferred bidder to deliver new services designed to assess how much people should be paid in benefits.

The contracts are to deliver functional assessment service (FAS) assessments in the Midlands and Wales for the Department for Work and Pensions (DWP), and in Northern Ireland for the Department for Communities (DfC).

They are worth a combined £565m and will run for five years from 2024 to 2029, with an option to extend for a further two years.

At the close
FTSE 100 7,570 (-0.74%)
FTSE 250 18,840 (-0.48%)
DAX 15,805 (-0.23%)
At 16:45
Dow Jones 32,669 (-0.40%)
S&P 500 4,141 +0.64%
NASDAQ 12,679 +1.56%
Fixed Income
UK 10-YR YIELD 4.372
Exchange Rates
GBP/USD 1.232
GBP/EUR 1.149
Gold $1,945 (-0.58%)
Brent $75.37 (-3.61%)
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.

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