Wednesday,24 April 2024 16:53:49

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Wednesday,24 April 2024 at 15:51

UK and European markets fell to a slight loss, losing momentum from earlier in the week.

Tech stocks rose on Wednesday, outstripping the broader market as investors welcomed Tesla's cheaper car pledge and waited for the next rush of corporate earnings.

Gold prices steadied as risk premiums over tensions in the Middle East eased while investors strapped in for U.S. economic data, due later in the week, that could offer clues to the Federal Reserve’s interest rate path.

U.S. crude oil fell back below $83 a barrel after rallying nearly 2% in the prior session.

In corporate news, international distribution and services group Bunzl was on the rise after holding on to guidance despite a drop in first-quarter revenues, driven by lower volumes in its US foodservice redistribution business, American retail customers clearing inventory and deflation.

Markets

At the close

FTSE 100 8,040 (-0.06%)

FTSE 250 19,719 (-0.41%)

DAX 18,073 (-0.35%)

At 16:55

Dow Jones 38,377 (-0.33%)

S&P 500 5,063 (-0.13%)

NASDAQ 15,722 +0.16%

Fixed Income

UK 10-YR YIELD 4.335

Exchange Rates

GBP/USD 1.242

GBP/EUR 1.163

Commodities

Gold $2,326 +0.22%

Brent $87.98 (-0.44%)

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.