Tuesday,04 June 2024 08:40:06

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Tuesday,04 June 2024 at 07:37

UK and European markets opened lower as positive momentum over the past few days falters.

India stocks slumped to lead Asia markets lower as the country started counting votes for its 2024 general election.

Gold prices inched down after rising 1% in the previous session as investors awaited U.S. jobs data due later this week for clues on the Federal Reserve’s interest rate trajectory.

Oil prices eased in early trade, extending their losses from the previous session when prices fell to their lowest in four months, as investors worried about supply ticking up later in the year.

In corporate news, budget carrier Wizz Air said May passenger numbers rose 2.1% although capacity was still impacted by the grounding of 45 Airbus aircraft due to issues with their Pratt & Whitney GTF engines.

The airline carried 5.1 million passengers with a load factor of 91%, up from 90% from 2023. Capacity rose 1.2% year on year to 5.6 million seats.

Markets

At 08:30

FTSE 100 8,224 (-0.45%)

FTSE 250 20,795 (-0.50%)

DAX 18,540 (-0.36%)

At the close

Dow Jones 38,571 (-0.30%)

S&P 500 5,283 +0.11%

NASDAQ 16,828 +0.56%

Fixed Income

UK 10-YR YIELD 4.319

Exchange Rates

GBP/USD 1.278

GBP/EUR 1.174

Commodities

Gold $2,343 (-0.28%)

Brent $77.23 (-1.09%)

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.