Tuesday,23 April 2024 16:56:05

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Tuesday,23 April 2024 at 15:54

UK and European markets were higher, with the FTSE 100 hitting an intraday record high as investors built on positive momentum in the previous session.

US stocks climbed, on track for further gains as tech-focused investors prepared for a fresh wave of earnings highlighted by struggling Tesla.

Gold prices extended losses for a second day to hit a more than two-week low as diminishing fears about an escalation of tensions in the Middle East prompted investors to book profits ahead of key U.S. economic data this week.

A firm U.S. dollar had the yen locked near a fresh 34-year low, keeping investors on heightened intervention watch as they looked ahead to key U.S. inflation report and the Bank of Japan’s rate decision this week.

In corporate news, JD Sports Fashion was up up 6% after announcing it was buying retailer Hibbett for $1.08bn.

Headquartered in Birmingham, Alabama, Nasdaq-listed Hibbett has 1,169 stores in 36 states across the US trading under the Hibbett and City Gear fascias.

Markets

At the close

FTSE 100 8,044 +0.26%

FTSE 250 19,799 +1.02%

DAX 18,142 +1.58%

18,142 +1.58%

Dow Jones 38,446 +0.54%

S&P 500 5,062 +1.01%

NASDAQ 15,670 +1.42%

Fixed Income

UK 10-YR YIELD 4.248

Exchange Rates

GBP/USD 1.243

GBP/EUR 1.162

Commodities

Gold $2,321 (-0.19%)

Brent $87.00 +1.61%

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.