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Tuesday,30 April 2024 at 15:57
UK and European markets were lower after a flurry of earnings and key data points were released.
The yen dropped against the dollar, giving up some of its sharp gains the previous day sparked by suspected intervention by Japanese authorities.
Oil edged down after Israel-Hamas ceasefire talks in Cairo helped quell market fears of an expanded conflict in the Middle East.
Gold fell as market focus shifted to the Federal Reserve’s policy meeting.
Shares in Eli Lilly jumped on Wall Street after the American pharma giant beat quarterly profit forecasts and hiked its full-year sales guidance by $2bn, helped by surging demand for its weight-loss drug Zepbound.
The upgrade was driven by strong performances of Zepbound and diabetes drug Mounjaro along with greater visibility into production expansion for the remainder of the year, with both drugs currently in short supply in the US market.
Markets
At the close
FTSE 100 8,144 (-0.04%)
FTSE 250 19,965 (-0.59%)
DAX 17,921 (-1.08%)
At 16:50
Dow Jones 38,079 (-0.80%)
S&P 500 5,081 (-0.67%)
NASDAQ 15,860 (-0.77%)
Fixed Income
UK 10-YR YIELD 4.347
Exchange Rates
GBP/USD 1.252
GBP/EUR 1.170
Commodities
Gold $2,296 (-1.64%)
Brent $86.19 (-1.21%)
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.
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