Wednesday,24 April 2024 08:17:02

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Wednesday,24 April 2024 at 07:16

UK & European stocks rose for the sixth straight day, pointing to a third consecutive record for the FTSE 100.

Japan’s Nikkei 225 led gains in Asia as markets in the region rose across the board, following Wall Street’s continued rally for a second straight day.

Oil prices extended gains after industry data showed a surprise drop in U.S. crude stocks last week, a positive sign for demand, though markets were also keeping a close eye on hostilities in the Middle East.

Gold prices crept higher but were stuck in a narrow range as investors looked to U.S. economic data for further clarity on the Federal Reserve's interest rate path.

Lloyds Bank held annual guidance despite a 28% fall in first-quarter profits due to lower net interest income and higher operating expenses, partially offset by a lower impairment charge.

Profit before tax for the first three months of 2024 was £1.63bn, down from £2.2bn a year earlier and 8% lower quarter on quarter.

Markets

08:15

FTSE 100 8,067 +0.28%

FTSE 250 19,770 (-0.15%)

DAX 18,149 +0.07%

the close

Dow Jones 38,503 +0.69%

S&P 500 5,070 +1.20%

NASDAQ 15,696 +1.59%

Fixed Income

UK 10-YR YIELD 4.244

Exchange Rates

GBP/USD 1.243

GBP/EUR 1.163

Commodities

Gold $2,324 +0.10%

Brent $88.48 +0.10%

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.