Monday,15 July 2024 10:30:39

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Monday,15 July 2024 at 09:28

UK and European stocks started the week lower as global markets assess the impact of an assassination attempt on former U.S. President Donald Trump at a rally over the weekend.

The dollar rose on safety bids in the wake of the attempted assassination of former U.S. President Donald Trump, which in turn left the yen struggling to stay afloat despite Tokyo’s suspected intervention efforts.

Oil prices fell as the dollar gained ground amid political uncertainty in the U.S. while investors eyed the progress of talks for a Gaza ceasefire.

Gold prices dipped, while investors awaited comments from Federal Reserve officials and economic data for further cues on U.S. interest rate trajectory.

Shares in luxury goods maker Burberry on Monday slumped by double-digits as the company ousted its chief executive, suspended dividend payments and issued a profits warning after weak global demand battered first-quarter sales.

Former Michael Kors boss Joshua Schulman was named as new CEO, replacing Jonathan Akeroyd who was leaving with immediate effect by mutual agreement, after just two years in the job.

Markets

At 10:15

FTSE 100 8,240 (-0.15%)

FTSE 250 21,193 (-0.04%)

DAX 18,704 (-0.23%)

At the close

Dow Jones 40,000 +0.62%

S&P 500 5,615 +0.55%

NASDAQ 18,398 +0.63%

Fixed Income

UK 10-YR YIELD 4.104

Exchange Rates

GBP/USD 1.298

GBP/EUR 1.190

Commodities

Gold $2,410 (-0.03%)

Brent $85.20 +0.29%

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.