Thursday,18 July 2024 10:27:45

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Thursday,18 July 2024 at 09:26

UK and European stocks opened higher, reversing negative sentiment seen in the previous two trading sessions as technology stocks plummeted.

Japan’s yen scaled a six-week high, spurring speculation of an official push, while the dollar nursed broad losses as markets prepared for U.S. rate cuts in a few months.

Oil prices ticked higher, buoyed by a bigger-than-expected weekly decline in U.S. crude stocks.

Gold prices edged higher, trading not too far away from a record high scaled in the previous session, as rising anticipation of a U.S. interest rate cut in September boosted demand.

Cybersecurity group Darktrace saw continued double-digit top-line growth in its fourth quarter, helped by decent customer growth and strong retention rates.

The company, which in April accepted a $5.3bn takeover offer from US investment firm Thoma Bravo, said revenues for the year ended 30 June are expected to come in at $689.5m, up 26.4% on the previous year with growth more or less steady from the third quarter.

Markets

At 10:15

FTSE 100 8,254 +0.82%

FTSE 250 21,255 +0.77%

DAX 18,471 +0.19%

At the close

Dow Jones 41,198 +0.59%

S&P 500 5,588 (-1.39%)

NASDAQ 17,996 (-2.77%)

Fixed Income

UK 10-YR YIELD 4.079

Exchange Rates

GBP/USD 1.298

GBP/EUR 1.187

Commodities

Gold $2,466 +0.33%

Brent $85.07 (-0.07%)

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.