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Friday,12 April 2024 at 16:03

UK and European markets closed slightly higher as investors digested U.K. economic data and reflected on a somewhat murky U.S. inflation outlook.

The euro dropped the European Central Bank signalled it could soon cut rates even with a hot U.S. economy likely forcing the Federal Reserve to hold off on a similar move until later in the year. 

Oil prices rose on heightened tensions in the Middle East, where Iran has promised to retaliate for a suspected Israeli air strike on its embassy in Syria.

Gold reached another all-time high and was poised to post a fourth straight weekly gain as geopolitical risks and economic concerns surrounding China attracted robust demand.

Oxford Nanopore took the wraps off a “groundbreaking” study using its technology on Friday, shedding light on the measurement of human telomeres - the protective caps at the ends of chromosomes crucial for genome integrity. 

The London-listed firm said the breakthrough, published in the journal Science, was a significant advancement in understanding the correlation between telomeres and age-related diseases, as well as cancer susceptibility.

The company explained that decades of scientific inquiry, including research spearheaded by Dr Greider, established the pivotal role of telomeres in health and disease. 

Markets
At the close
FTSE 100 7,995 +0.91%
FTSE 250 19,721 (-0.33%)
DAX 17,904 (-0.28%)
At 16:55
Dow Jones 38,147 (-0.81%)
S&P 500 5,151 (-0.91%)
NASDAQ 16,273 (-1.02%)
Fixed Income
UK 10-YR YIELD 4.140
Exchange Rates
GBP/USD 1.245
GBP/EUR 1.169
Commodities
Gold $2,391 +0.78%
Brent $90.99 +1.37%
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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