Friday,19 April 2024 08:50:17

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.

Friday,19 April 2024 at 07:51

UK and European stock markets opened lower, rounding off a week in which tensions in the Middle East and repricing of interest rate expectations have been in focus.

Taiwan’s Weighted Index led losses in Asia, falling 3.81% and closing at 19,527.12, its lowest level in over a month as most major markets in the region fell amid escalating tensions in the Middle East.

Gold prices rose as risk aversion swept across financial markets following media reports on explosions in Iran, prompting fears of a wider regional conflict and increasing bullion’s safe-haven appeal.

Oil prices jumped more than 3% after Israel carried out a strike on Iran.

In corporate news, Woodside Energy reported a 7% quarter-on-quarter decline in output to 44.9 million barrels of oil equivalent per day over the three days ending in March.

Quarterly revenue therefore shrank 12% versus the prior three-month stretch to reach $2.7bn as a result of lower prices and volumes.

The company's boss Meg O'Neill reiterated full-year output guidance for 185-195m BOE. She also highlighted progress on the company's three main growth projects in Senegal and Western Australia.

Markets

At 08:30

FTSE 100 7,825 (-0.63%)

FTSE 250 19,275 (-0.90%)

DAX 17,659 (-1.01%)

At the close

Dow Jones 37,775 +0.06%

S&P 500 5,011 (-0.22%)

NASDAQ 15,601 (-0.52%)

Fixed Income

UK 10-YR YIELD 4.260

Exchange Rates

GBP/USD 1.244

GBP/EUR 1.167

Commodities

Gold $2,388 +0.41%

Brent $88.09 +1.99%

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.