Wednesday,17 July 2024 16:45:55

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Wednesday,17 July 2024 at 15:45

Global chip stocks fell sharply, with ASML, Nvidia and TSMC posting declines amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fueled by comments from former U.S. President Donald Trump.

Oil prices rose on Wednesday, a day after benchmark Brent hit a one-month low, as a decline in U.S. oil stockpiles and a weaker dollar overshadowed signs of weakening demand in China.

Gold prices hit a record high on Wednesday, as comments from Federal Reserve officials boosted expectations of a September interest rate cut in the U.S.

In corporate news, Severn Trent and United Utilities were among the gainers, having fallen on Tuesday after Ofwat said it was expanding its investigation into how water companies manage their wastewater treatment works and networks to include the two.

Markets

market close

FTSE 100 8,189 (+0.31%)

FTSE 250 21,091 (-0.57%)

DAX 18,451 (-0.37%)

16:35

Dow Jones 41,084 (+0.32%)

S&P 500 5,603 (-1.13%)

NASDAQ 18,085 (-2.29%)

Fixed Income

UK 10-YR YIELD 4.072

Exchange Rates

GBP/USD 1.3003

GBP/EUR 1.1890

Commodities

Gold $2,463 (-0.19%)

Brent $84.55 (+0.87%)

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.