Friday,10 May 2024 17:01:10

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Friday,10 May 2024 at 16:00

UK and European markets closed higher as positive momentum continued into the end of the week.

The dollar steadied after losing ground overnight on the back of U.S. data showing further signs of a cooling labour market.

Global benchmark Brent moved lower despite the conflict in the Middle East adding support.

British Airways owner IAG said it was "well positioned" for the summer after posting a huge rise in first quarter profit on the back of strong leisure travel demand, especially over the Easter holidays.

"Our transformation initiatives and increased demand, including over the Easter holidays, have delivered another very good set of results with improvements to both revenue and operating profit," said chief executive Luis Gallego.

Markets

At the close

FTSE 100 8,433 +0.63%

FTSE 250 20,645 +0.56%

DAX 18,756 +0.38%

At 17:00

Dow Jones 39,428 +0.10%

S&P 500 5,214 +0.01%

NASDAQ 16,313 (-0.20%)

Fixed Income

UK 10-YR YIELD 4.172

Exchange Rates

GBP/USD 1.252

GBP/EUR 1.162

Commodities

Gold $2,363 +0.75%

Brent $83.25 (-1.00%)

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.