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.

Monday,18 September 2023 at 15:59

UK and European stock markets closed sharply lower at the start of the trading week as investors look ahead to a flurry of central bank decisions.

The U.S. dollar and most major currencies were flatlining as a Japanese holiday and a bunch of upcoming central bank meetings sucked the air out of markets.

Global oil benchmark Brent crude rose with investors focused on the prospect of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended supply cuts.

Gold edged higher ahead of the U.S. Federal Reserve’s policy decision this week, where it is overwhelmingly expected to keep interest rates steady, but investors will be watching the central bank’s language on future rates.

Paper and packaging group Mondi said it had sold its last remaining facility in Russia to Sezar Invest for 80bn roubles (€775m).

The cash will be paid to Mondi in six monthly instalments. The first four monthly payments will be for RUB 13.5bn each, with the first payment made by the end of September 2023. The final RUB 26bn will be paid in two equal instalments in each of the two months post completion.

Mondi added that the net proceeds from the disposal will be distributed to shareholders "in a timely manner" once all instalments are received. 

At the close
FTSE 100 7,652 (-0.76%)
FTSE 250 18,449 (-1.81%)
DAX 15,727 (-1.05%)
At 16.52
Dow Jones 34,679 +0.18%
S&P 500 4,460 +0.23%
NASDAQ 15,246 +0.29%
Fixed Income
UK 10-YR YIELD 4.395
Exchange Rates
GBP/USD 1.240
GBP/EUR 1.159
Gold $1,929 +0.28%
Brent $94.72 +0.55%
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