Tuesday,14 May 2024 09:19:29

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Tuesday,14 May 2024 at 08:19

UK & European stocks opened flat as global investors await the latest U.S. inflation reports.

Asia-Pacific markets were mixed as stocks on Wall Street stumbled overnight, with the Dow Jones Industrial Average snapping an eight-day winning streak.

Gold prices were slightly higher in early trade.

Oil prices fell after climbing on signs of improved demand in top importer China and potential supply disruptions in Canada.

In corporate news, telecoms giant Vodafone rallied after it posted slightly better annual results than forecast as it continued to offload businesses and move towards its tie-up with rival operator Three.

Operating profit fell 74.6% to €3.7bn, mainly as a result of disposals in the prior financial year, in particular the €8.6bn gain on disposal of Vantage Towers.

Markets

At 09:15

FTSE 100 8,427 +0.15%

FTSE 250 20,579 +0.09%

DAX 18,696 (-0.24%)

At the close

Dow Jones 39,431 (-0.21%)

S&P 500 5,221 (-0.02%)

NASDAQ 16,388 +0.29%

Fixed Income

UK 10-YR YIELD 4.146

Exchange Rates

GBP/USD 1.252

GBP/EUR 1.161

Commodities

Gold $2,339 +0.14%

Brent $83.17 (-0.24%)

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.