Wednesday,13 September 2023 08:24:11

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.

Wednesday,13 September 2023 at 07:25

UK & European markets opened negative as investors gear up for the latest U.S. inflation data for August set to be released later today.

Asia-Pacific markets fell as investors assess key economic data out of Japan and South Korea.

Oil prices edged higher, hovering at a new 10-month high hit the previous day, as expectations of tighter global supply and fears of supply disruption in Libya outweighed concerns of slower demand in some countries such as China.

Gold priced lower.

In corporate news, investors were digesting news that BP chief executive Bernard Looney has resigned after failing to fully disclose details of past relationships with colleagues.

Chief financial officer Murray Auchincloss will act as CEO on an interim basis.

Markets

At 08:15

FTSE 100 7,514 (-0.17%)

FTSE 250 18,496 (-0.23%)

DAX 15,803 (-0.49%)

At the close

Dow Jones 34,645 (-0.05%)

S&P 500 4,461 (-0.57%)

NASDAQ 13,773 (-1.04%)

Fixed Income

UK 10-YR YIELD 4.438

Exchange Rates

GBP/USD 1.246

GBP/EUR 1.160

Commodities

Gold $1,910 (-0.10%)

Brent $92.25 +0.38%

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.