Wednesday,19 June 2024 09:06:04

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Wednesday,19 June 2024 at 08:03

UK and European stocks opened in mixed territory, following positive momentum during the previous trading session.

Hong Kong markets climbed more than 2% to lead gains in Asia on Wednesday, powered by energy and basic material stocks. Mainland China’s CSI 300, however, dipped 0.56%.

Oil rose slightly in early trade as concern over escalating conflict in Europe and the Middle East offset demand worries following an unexpected build in U.S. crude inventories.

Gold prices edged higher.

In corporate news, precision instrumentation and controls group Spectris tanked as it warned full-year profits will be at the bottom end of market forecasts as a result of weaker-than-expected demand at its lab equipment division in the first half.

The news came as the company announced the appointment of Royal Mail’s chief financial officer Angela Noon as its new CFO.

Markets

At 08:30

FTSE 100 8,181 (-0.11%)

FTSE 250 20,411 +0.01%

DAX 18,109 (-0.12%)

At the close

Dow Jones 38,834 +0.15%

S&P 500 5,487 +0.25%

NASDAQ 17,862 +0.03%

Fixed Income

UK 10-YR YIELD 4.083

Exchange Rates

GBP/USD 1.272

GBP/EUR 1.185

Commodities

Gold $2,333 +0.17%

Brent $85.11 (-0.21%)

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.