Monday,17 June 2024 08:52:16

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Monday,17 June 2024 at 07:49

UK and European markets opened mixed as investors attempt to shake off negative sentiment from last week and look ahead to the latest interest rate decision from the Bank of England.

Asia-Pacific markets were mostly lower as the region assesses key economic data out from China.

Oil prices slipped in Asian trading after a survey on Friday showed weaker U.S. consumer demand and as May crude production rose in China, the world’s biggest crude importer.

Gold prices eased as investors awaited more U.S. economic data, while reports from last week showed that inflation was stabilizing and lifted hopes for the Federal Reserve to cut interest rates later this year.

In corporate news, B&Q owner Kingfisher said it had appointed British Land chief financial officer Bhavesh Mistry to the same role at the home improvement company.

Mistry will succeed current CFO Bernard Bot, who has decided to retire to further pursue his non-executive career. He has been with British Land since 2021 and was Deputy CFO of Tesco from 2018 to 2021.

Markets

At 08:30

FTSE 100 8,169 +0.28%

FTSE 250 20,205 +0.42%

DAX 18,112 +0.60%

At the close

Dow Jones 38,589 (-0.15%)

S&P 500 5,431 (-0.04%)

NASDAQ 17,688 +0.12%

Fixed Income

UK 10-YR YIELD 4.073

Exchange Rates

GBP/USD 1.267

GBP/EUR 1.184

Commodities

Gold $2,317 (-0.64%)

Brent $82.51 (-0.06%)

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.