Wednesday,03 July 2024 16:44:27

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Wednesday,03 July 2024 at 15:44

UK and European stocks were higher as sentiment remains on edge ahead of two major elections.

The S&P 500 ticked higher in Wednesday’s shortened trading session as investors appeared to look past sluggish economic data.

Gold prices strengthened as the dollar eased after dovish comments from Federal Reserve Chair Jerome Powell.

AIM-listed Keywords Studios said on Wednesday that it has agreed to be taken over by European private equity firm EQT in a £2.1bn deal.

Keywords chief executive Bertrand Bodson said: "This offer from EQT marks an exciting new chapter on our growth journey, with a like-minded partner who possesses deep sector expertise and a desire to accelerate the pace of our growth, both organically and through M&A, to unlock the many opportunities ahead of us across the entertainment landscape”.

Markets

At the close

FTSE 100 8,171 +0.61%

FTSE 250 20,468 +1.36%

DAX 18,338 +1.24%

At 16:40

Dow Jones 39,291 (-0.10%)

S&P 500 5,521 +0.23%

NASDAQ 18,108 +0.44%

Fixed Income

UK 10-YR YIELD 4.179

Exchange Rates

GBP/USD 1.276

GBP/EUR 1.181

Commodities

Gold $2,362 +1.42%

Brent $86.14 (-0.46%)

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.