Monday,22 April 2024 08:18:55

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Monday,22 April 2024 at 07:17

UK & European markets headed for a positive start to the new trading week, following more uncertain sentiment last week amid continuing Middle East tensions and a repricing of interest rate expectations.

Asia-Pacific markets rebounded from Friday’s sell-off as investors look to fresh data points out of China, Japan and South Korea this week.

Oil prices fell at Asia’s open, dragged down by a renewed focus on market fundamentals, as Israel and Iran played down the risks of an escalation of hostilities in the Middle East after Israel’s apparently small strike on Iran.

Gold prices dipped, as easing fears of a wider Middle East conflict lowered bullion's safe-haven appeal, while market participants awaited a key U.S. inflation reading due later this week for interest rate cues.

In UK company news, global professional services business JTC said it had bought JP Morgan Chase subsidiary First Republic Trust Company of Delaware for $21m. FRTC-DE is a provider of trust administration services to high-net-worth individuals and is headquartered in Wilmington, Delaware. The company has approximately $9bn of assets under administration by market value, JTC said

Markets

08:15

FTSE 100 7,988 +1.17%

FTSE 250 19,511 +0.69%

DAX 17,809 +0.41%

the close

Dow Jones 37,986 +0.56%

S&P 500 4,967 (-0.88%)

NASDAQ 15,282 (-2.05%)

Fixed Income

UK 10-YR YIELD 4.23

Exchange Rates

GBP/USD 1.237

GBP/EUR 1.160

Commodities

Gold $2,357 (-1.43%)

Brent $85.85 (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.