Monday,01 July 2024 16:48:30

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Monday,01 July 2024 at 15:46

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

The euro climbed after a convincing and historic win by the French far right in the first round of parliamentary elections fell slightly short of some expectations.

Oil prices edged up, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter.

Gold prices edged higher as a lower dollar prompted some short covering from investors with focus turning to U.S. jobs data due later this week.

The Belfast-based shipbuilder Harland and Wolff lost another £43m last year, its latest financial statement shows.

It has temporarily suspended trading in its shares because it has not been able to publish independently audited accounts on time. It expects to publish those accounts next week.

The company has reiterated its need for a £200m government loan guarantee to help stabilise its finances.

Markets

At the close

FTSE 100 8,166 +0.03%

FTSE 250 20,222 (-0.32%)

DAX 18,316 +0.44%

At 16:45

Dow Jones 39,145 +0.07%

S&P 500 5,458 (-0.03%)

NASDAQ 17,772 +0.22%

Fixed Income

UK 10-YR YIELD 4.289

Exchange Rates

GBP/USD 1.263

GBP/EUR 1.178

Commodities

Gold $2,326 (-0.01%)

Brent $86.20 +1.58%

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.