Tuesday,18 June 2024 17:11:09

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Tuesday,18 June 2024 at 16:11

UK & European stocks were higher after a mixed start to the trading week.

US stocks held near record highs, largely hitting pause in muted early trading amid the release of the week's economic data highlight: May's retail sales numbers.

Oil prices ticked up in early trade on Tuesday, 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 rallied as it 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

the close

FTSE 100 8,191 +0.60%

FTSE 250 20,409 +1.24%

DAX 18,123 +0.31%

17:00 GMT

Dow Jones 38,787 +0.03%

S&P 500 5,480 +0.12%

NASDAQ 17,847 (-0.04%)

Fixed Income

UK 10-YR YIELD 4.054

Exchange Rates

GBP/USD 1.269

GBP/EUR 1.183

Commodities

Gold $2,328 +0.52%

Brent $84.92 +0.63%

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.