Monday,01 July 2024 08:33:12

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Monday,01 July 2024 at 07:30

UK and European stocks started the new trading week higher as investors in the region digest the results of the first round of France’s snap parliamentary election.

Asia-Pacific markets started the second half of the year mixed as investors assessed June business activity data from China as well as Japan’s business confidence readings.

Oil prices edged up in early trade, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwinds and rising non-OPEC+ output capped gains.

Gold prices opened slightly lower.

In corporate news, Croda International said it had appointed Johnson Matthey chief financial officer Stephen Oxley to the same role at the chemicals company.

Oxley was previously a Partner at KPMG where he spent nearly 30 years advising global companies across consumer, healthcare and industrial sectors, Croda said in a statement. He is expected to join the firm no later than April 1, 2025 following a notice period.

Markets

At 08:30

FTSE 100 8,209 +0.55%

FTSE 250 20,431 +0.72%

DAX 18,428 +1.05%

At the close

Dow Jones 39,118 (-0.12%)

S&P 500 5,460 (-0.41%)

NASDAQ 17,732 (-0.71%)

Fixed Income

UK 10-YR YIELD 4.214

Exchange Rates

GBP/USD 1.267

GBP/EUR 1.177

Commodities

Gold $2,324 (-0.09%)

Brent $85.58 +0.85%

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.