Thursday,09 May 2024 17:02:51

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Thursday,09 May 2024 at 16:02

UK and European markets closed higher, as positive momentum was maintained on a busy week of earnings.

The dollar weakened against most currencies after economic data showed more signs of softening in the U.S. labour market.

Oil prices rose as falling U.S. crude inventories and higher Chinese imports supported expectations for demand growth in the world’s two largest crude-consuming nations.

Broadcaster ITV reported a fall in first-quarter revenues on Thursday, dragged lower by the production arm which was hit by the US writers’ and actors’ strike.

ITV Studios revenue was also hit by weaker demand from free-to-air broadcasters in Europe, who have been holding back spend until they see more certainty in the advertising market, the company said.

Markets

At the close

FTSE 100 8,381 +0.33%

FTSE 250 20,531 +0.19%

DAX 18,679 +0.98%

At 17:00

Dow Jones 39,229 +0.44%

S&P 500 5,202 +0.29%

NASDAQ 16,339 +0.23%

Fixed Income

UK 10-YR YIELD 4.143

Exchange Rates

GBP/USD 1.250

GBP/EUR 1.160

Commodities

Gold $2,330 +0.94%

Brent $83.45 (-0.29%)

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.