Friday,14 June 2024 16:35:18

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Friday,14 June 2024 at 15:33

UK & European stocks were down in the afternoon trade.

Wall Street stocks were in the red early, but both the S&P 500 and Nasdaq Composite were still tracking towards a winning week.

Brent oil futures prices ticked higher and were on course for their best week in more than four months after projections for solid crude oil and fuel demand in 2024.

Gold prices rose and were on track for their first weekly gain in four after U.S. economic data indicated a softening of price pressures, fuelling optimism that a rate cut by the Federal Reserve could be forthcoming.

In corporate news, Supermarket chain Tesco jumped as it reported a 3.4% jump in group first-quarter sales, driven by strong volume growth across the UK, Republic of Ireland and Central Europe supported by easing inflation.

Retail sales on a like-for-like basis for the 13 weeks to May 25 came in at £15.3bn as the company said UK market share had increased 52 basis points to 27.6% against its main competitors.

Markets

the close

FTSE 100 8,154 (-0.11%)

FTSE 250 20,105 (-0.45%)

DAX 18,2005 (-1.42%)

16:30

Dow Jones 38,462 (-0.47%)

S&P 500 5,415 (-0.34%)

NASDAQ 17,643 (-0.14%)

Fixed Income

UK 10-YR YIELD 4.058

Exchange Rates

GBP/USD 1.268

GBP/EUR 1.185

Commodities

Gold $2,327 +1.04%

Brent $82.48 +0.46%

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.