Thursday,16 May 2024 16:49:58

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Thursday,16 May 2024 at 15:48

UK and European stocks turned lower as earnings weighed on a relief rally for global markets following softer-than-expected U.S. inflation data.

The dollar rose after data showed U.S. import prices increased last month.

Oil prices extended gains on signs of stronger demand in the U.S. where data showed slower inflation than markets expected.

Gold prices pulled back as the dollar inched up, while cautious comments from a Federal Reserve official dampened investors’ enthusiasm.

Future unveiled plans to return a further £45m to shareholders on Thursday, sending the shares higher, despite a fall in half-year revenues and profits.

The UK media group said the share buyback programme would get underway "shortly" and would add to the £45m already returned through buybacks and dividends in the last six months.

Markets

At the close

FTSE 100 8,438 (-0.08%)

FTSE 250 20,822 +0.23%

DAX 18,722 (-0.78%)

At 16:45

Dow Jones 40,020 +0.28%

S&P 500 5,321 +0.25%

NASDAQ 16,780 +0.23%

Fixed Income

UK 10-YR YIELD 4.075

Exchange Rates

GBP/USD 1.267

GBP/EUR 1.165

Commodities

Gold $2,382 (-0.16%)

Brent $83.13 +0.34%

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.