Market Report

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.

* indicates required

Please select all the ways you would like to hear from Ramsey Crookall:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our email marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing.

Learn more about Mailchimp's privacy practices here.

Tuesday,12 September 2023 at 15:58

UK and European stock markets closed slightly lower, paring earlier gains as investors monitor a busy week for economic data.

The yen slipped after its biggest daily rise since mid-July the day before after comments from Japan’s top central banker on a possible end to its negative interest rate policy.

Oil prices rose, boosted by a tighter supply outlook, and as producer group OPEC said major economies were faring better than expected despite rising interest rates.

Gold slipped as the dollar rebounded, while investors positioned for the U.S. inflation print on Wednesday.

Smurfit Kappa shares tumbled on Tuesday after the company said it had agreed to merge with US rival WestRock in a deal that will create a $20bn packaging giant.

Under the terms of the transaction, shareholders of WestRock will receive one new Smurfit WestRock share and $5 in cash. This represents a total consideration equivalent to $43.51 per share, based on the Smurfit closing price on Monday.

Tony Smurfit, who will lead the combined group as chief executive, said: "This incredibly exciting coming together of our two great companies is a defining moment within the global packaging industry. Smurfit WestRock will be the ‘Go-To’ packaging partner of choice for customers, employees and shareholders.

At the close
FTSE 100 7,527 +0.41%
FTSE 250 18,542 +0.11%
DAX 15,721 (-0.50%)
At 16:50
Dow Jones 34,683 +0.06%
S&P 500 4,471 (-0.35%)
NASDAQ 13,826 (-0.66%)
Fixed Income
UK 10-YR YIELD 4.416
Exchange Rates
GBP/USD 1.247
GBP/EUR 1.162
Gold $1,912 (-0.48%)
Brent $92.16 +1.73%
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.

We use cookies to improve your experience on our website.
By continuing to browse, you agree to our use of cookies. Cookie Policy

Members of the London Stock Exchange and PIMFA | Licensed by the Isle of Man Financial Services Authority (IoMFSA) Registered Office: Ramsey Crookall and Co. Ltd., 38/42 Athol Street, Douglas, Isle of Man, IM1 1QH
Copyright © 2023 - Ramsey Crookall & Co. Ltd
Building Personal Finance Futures London Stock Exchange