Monday,03 June 2024 08:52:01

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.

Monday,03 June 2024 at 07:49

UK and European markets started the month higher, extending last week’s rally as investors look ahead to the European Central Bank’s latest interest rate decision later this week.

India stocks hit record highs to lead gains in Asian markets on Monday, while a private survey showed China’s manufacturing activity expanded at its fastest pace in nearly two years.

Gold prices were little changed as traders awaited more U.S. economic data this week, after recent data showed that inflation stabilized and lifted hopes for the Federal Reserve to cut interest rates later this year.

Oil prices fell early on Monday, despite a move by producer group OPEC+ to extend deep output cuts well into 2025.

In corporate news, there were several reports that online fashion giant Shein was edging closer to a London stock market flotation.

It was understood that Shein - which was founded in China and is headquartered in Singapore - is planning to file a confidential prospectus with regulators this month.

Markets

At 08:30

FTSE 100 8,286 +0.13%

FTSE 250 20,853 +0.60%

DAX 18,620 +0.66%

At the close

Dow Jones 38,686 +1.51%

S&P 500 5,277 +0.80%

NASDAQ 16,735 (-0.01%)

Fixed Income

UK 10-YR YIELD 4.319

Exchange Rates

GBP/USD 1.272

GBP/EUR 1.172

Commodities

Gold $2,324 (-0.12%)

Brent $81.10 (-0.22%)

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.