Thursday,11 April 2024 16:58:51

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Thursday,11 April 2024 at 15:57

UK and European markets closed lower as global investors digested the latest rate decision from the European Central Bank.

The dollar fell as weaker-than-expected U.S. producer prices for March partly eased market concerns about persistent inflation.

Oil prices held steady as investors braced for a worsening of the Middle East crisis, potentially involving Iran, the third-largest oil producer in OPEC.

Gold prices firmed after softer-than-expected U.S. producer prices data boosted hopes for U.S. rate cuts this year, while persistent geopolitical concerns added to the metal’s shine.

Cybersecurity specialist Darktrace reported solid growth in both operating and financial metrics in the March quarter on Thursday, as it raised its full-year guidance.

The FTSE 250 company said annualised recurring revenue (ARR) as of 31 March stood at $731.1m, making for a robust year-on-year increase of 23.5% at constant currency rates.

Markets

At the close

FTSE 100 7,923 (-0.47%)

FTSE 250 19,786 (-0.08%)

DAX 17,949 (-0.82%)

At 16:52

Dow Jones 38,273 (-0.49%)

S&P 500 5,156 (-0.07%)

NASDAQ 16,234 +0.40%

Fixed Income

UK 10-YR YIELD 4.208

Exchange Rates

GBP/USD 1.252

GBP/EUR 1.169

Commodities

Gold $2,344 +0.50%

Brent $89.85 (-0.82%)

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.