Friday,29 December 2023 08:18:53

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Friday,29 December 2023 at 08:19

UK & European stocks rose slightly, though movements continue to be limited as volumes remain low in festive trading.

Asia-Pacific markets fell on the last trading day of 2023, with China stocks being the sole exception as the country’s tech companies continued their advance.

Gold prices were set for their best year in three, as expectations grew for U.S. interest rate cuts early next year and the war in Ukraine and tensions in the Middle East lifted safe-haven demand.

Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices.

Duke Royalty said in an update that it expected recurring cash revenue of £6.3m in its third quarter, representing a 12% increase year-on-year. It also announced an investment of CAD 8.6m (£5.1m) into its existing partner Creō-Tech Industrial Group, bringing its total exposure to CAD 27.1m, with the investment intended for refinancing.

Markets

08:15

FTSE 100 7,729 +0.09%

FTSE 250 19,709 (-0.05%)

DAX 16,732 +0.19%

the close

Dow Jones 37,710 +0.14%

S&P 500 4,783 +0.04%

NASDAQ 15,095 (-0.03%)

Fixed Income

UK 10-YR YIELD 3.5

Exchange Rates

GBP/USD 1.275

GBP/EUR 1.151

Commodities

Gold $2,073 +0.39%

Brent $77.80 +0.43%

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.