Friday,28 June 2024 08:58:09

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Friday,28 June 2024 at 07:58

UK and European stocks opened higher as investors look ahead to key inflation data from the euro zone and U.S.

Asia-Pacific markets climbed as investors assessed key economic data out of Japan and awaited U.S. inflation readings due later in the day.

Oil prices rose in early Asian trading hours, setting up a third straight weekly jump, as concerns about supply problems from escalating geopolitical tensions and weather-related disruptions offset signs of weak demand.

Gold prices opened flat.

In corporate news, marketplace tech firm Auction Technology Group has announced that private equity firm TA Associates has offloaded a 5% shareholding through a share placing with institutional investors.

The company said that TA Associates had sold 6.1m shares by way of an accelerated bookbuild to institutional investors at 525p a pop on Thursday, compared with Wednesday's closing price of 565p.

The transaction reduced TA Associates' stake in ATG from 17.6% to 12.6%

Markets

At 08:30

FTSE 100 8,212 +0.40%

FTSE 250 20,335 +0.02%

DAX 18,267 +0.33%

At the close

Dow Jones 39,164 +0.09%

S&P 500 5,482 +0.09%

NASDAQ 17,858 +0.30%

Fixed Income

UK 10-YR YIELD 4.141

Exchange Rates

GBP/USD 1.264

GBP/EUR 1.181

Commodities

Gold $2,325 (-0.09%)

Brent $85.79 +0.45%

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.