Tuesday,18 June 2024 08:58:08

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,18 June 2024 at 07:55

UK and European stocks opened higher after a mixed start to the trading week.

Asia-Pacific markets rebounded as Wall Street rallied overnight, with investors assessing the Reserve Bank of Australia’s interest rate decision.

Oil prices ticked up in early trade, extending gains from the previous session on a stronger demand outlook and investor confidence that OPEC+ producers could pause or reverse plans to raise supplies from the fourth quarter of this year.

Gold prices edged higher as Treasury yields eased, with market participants awaiting U.S. data and comments from Federal Reserve officials for more clarity on the central bank’s roadmap for interest rate cuts.

In corporate news, Premier Inn owner Whitbread said it was confident on its full year outlook despite flat first quarter sales.

Hotel sales were boosted by a strong performance in Germany, where they rose 15%, offsetting zero growth in the UK.

Markets

At 08:30

FTSE 100 8,183 +0.51%

FTSE 250 20,266 +0.53%

DAX 18,188 +0.66%

At the close

Dow Jones 38,778 +0.49%

S&P 500 5,473 +0.77%

NASDAQ 17,857 +0.95%

Fixed Income

UK 10-YR YIELD 4.103

Exchange Rates

GBP/USD 1.268

GBP/EUR 1.182

Commodities

Gold $2,317 +0.07%

Brent $84.12 (-0.28%)

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.