Friday,21 June 2024 09:12:23

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Friday,21 June 2024 at 08:11

UK and European stocks opened lower as investors monitor a slew of central bank decisions and data releases.

Asia-Pacific markets mostly fell after Japan’s May core inflation data came in slightly cooler than expected, jeopardizing the country’s plans to raise interest rates.

Oil priced lower.

Gold prices were poised for a second consecutive weekly gain, driven by safe-haven demand amid tensions in the Middle East and rising bets that the U.S. Federal Reserve might reduce interest rates later this year.

In corporate news, shares in Britvic soared in early trading on Friday, after the soft drinks firm rejected a fresh approach from brewing giant Carlsberg Group.

The FTSE 250 company confirmed it had received an unsolicited proposal from Carlsberg at 1,250p per share, valuing it at around £3.1bn.

Markets

At 08:30

FTSE 100 8,254 (-0.22%)

FTSE 250 20,499 +0.01%

DAX 18,207 (-0.26%)

At the close

Dow Jones 39,134 +0.77%

S&P 500 5,473 (-0.25%)

NASDAQ 17,721 (-0.79%)

Fixed Income

UK 10-YR YIELD 4.024

Exchange Rates

GBP/USD 1.264

GBP/EUR 1.183

Commodities

Gold $2,364 +0.21%

Brent $85.48 (-0.23%)

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.