Monday,24 June 2024 08:34:04

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Monday,24 June 2024 at 07:31

UK and European stocks opened the new trading week in mixed territory.

Asia-Pacific markets mostly fell as investors awaited inflation data from Australia and Japan later this week.

Oil prices fell in early Asian trade for a second straight session, weighed down by a stronger dollar after concerns of higher-for-longer interest rates resurfaced and cooled investors’ risk appetite.

Gold prices edged up as Treasury yields fell, while investors awaited key U.S. inflation data and Federal Reserve officials’ comments through the week for fresh clues on the potential timing of the central bank’s interest rate cut.

In corporate news, Prudential said it would return $2bn to investors via a share buyback to be completed by mid-2026.

"Progress towards our financial objectives will increase the potential for further cash returns to shareholders. Our dividend policy remains unchanged, with the board continuing to expect the 2024 annual dividend to grow in the range of 7-9%," the company said.

Markets

At 08:30

FTSE 100 8,228 (-0.11%)

FTSE 250 20,357 (-0.42%)

DAX 18,205 +0.23%

At the close

Dow Jones 39,150 +0.04%

S&P 500 5,464 (-0.16%)

NASDAQ 17,689 (-0.18%)

Fixed Income

UK 10-YR YIELD 4.062

Exchange Rates

GBP/USD 1.264

GBP/EUR 1.181

Commodities

Gold $2,327 +0.26%

Brent $84.28 (-0.86%)

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.