Friday,03 May 2024 17:01:11

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Friday,03 May 2024 at 16:00

UK and European stock markets closed higher, rounding off a broadly negative week dominated by corporate earnings.

The dollar fell after data showed that U.S. employers added fewer jobs than expected in April, while wage inflation was also slightly cooler than expected.

Oil prices edged higher but headed for their steepest weekly loss in three months as uncertainty about demand and high interest rates drove a sell-off limited by the prospect OPEC+ will continue to curb output.

Gold prices were poised for a second straight weekly decline, although bullion held steady on Friday as investors digested the latest U.S. non-farm payrolls data.

The Labour Party has no plans to revive government plans to introduce a national rail ticket website and app if it wins the next General Election, online platform Trainline said on Friday.

Trainline last week hosted Labour's launch of its policy proposal to bring private rail operators back under public ownership and create a centralised body called Great British Railways.

Markets

At the close

FTSE 100 8,213 +0.51%

FTSE 250 20,164 +0.56%

DAX 17,993 +0.54%

At 16:55

Dow Jones 38,661 +1.14%

S&P 500 5,120 +1.11%

NASDAQ 16,142 +1.90%

Fixed Income

UK 10-YR YIELD 4.227

Exchange Rates

GBP/USD 1.254

GBP/EUR 1.164

Commodities

Gold $2,292 (-0.44%)

Brent $83.20 (-0.54%)

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.