Friday,26 April 2024 08:17:50

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Friday,26 April 2024 at 07:16

UK & European markets opened higher, regaining momentum after a dip in yesterday’s session.

The Japanese yen slid to over 156 against the U.S. dollar on Friday after the Bank of Japan left its benchmark interest rate unchanged.

Oil prices rose in early trade, as players took stock of the U.S. Treasury secretary’s comments that the country’s economy is likely in a stronger position than indicated by weak first-quarter data, coupled with supply concerns as conflict continues in the Middle East.

Gold was little changed ahead of a key U.S. inflation report, but prices were on track for their first weekly drop in six weeks on easing concerns of a major escalation of the Middle East crisis.

NatWest posted a less-than-expected 27% fall in first-quarter earnings, with pre-tax operating profits falling to £1.3bn from £1.8bn a year earlier. Analysts were forecasting a figure closer to £1.2bn. "NatWest Group has delivered a strong set of results for the first quarter - with an operating profit of £1.3 billion - as we remain focused on the priorities we set out in February, which will help us shape the future of this bank," said chief executive Paul Thwaite.

Markets

08:15

FTSE 100 8,130 +0.64%

FTSE 250 19,690 +0.45%

DAX 18,010 +0.52%

the close

Dow Jones 38,085 (-0.98%)

S&P 500 5,048 (-0.46%)

NASDAQ 15,611 (-0.64%)

Fixed Income

UK 10-YR YIELD 4.337

Exchange Rates

GBP/USD 1.250

GBP/EUR 1.164

Commodities

Gold $2,338 +0.31%

Brent $88.33 +0.47%

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.