Tuesday,21 May 2024 09:05:08

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

Tuesday,21 May 2024 at 08:03

UK & European markets opened lower, reversing more positive sentiment seen at the start of the week.

Asia-Pacific markets slid, breaking ranks with Wall Street that saw the Nasdaq hit record highs overnight on the back of tech rally.

Gold prices were lower.

Oil prices fell in early Asian trade, with investors anticipating higher-for-longer U.S. inflation and interest rates will depress consumer and industrial demand.

In corporate news, budget airline Ryanair on Monday reported higher annual profits but warned that summer airfares would be softer than anticipated.

The company added that it would also start a €700m share buyback as it had “surplus cash”.

Profit after tax climbed 34%to €1.9bn in the 12 months to March 30 as demand rose 9% to 184 million passengers. Revenue jumped 25% to €13.4bn.

Markets

At 08:15

FTSE 100 8,386 (-0.45%)

FTSE 250 20,786 (-0.42%)

DAX 18,736 (-0.17%)

At the close

Dow Jones 39,806 (-0.49%)

S&P 500 5,308 +0.09%

NASDAQ 16,794 +0.65%

Fixed Income

UK 10-YR YIELD 4.164

Exchange Rates

GBP/USD 1.271

GBP/EUR 1.170

Commodities

Gold $2,418 (-0.26%)

Brent $82.87 (-0.92%)

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.