Tuesday,23 July 2024 08:22:15

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Tuesday,23 July 2024 at 07:23

UK & European stocks pulled back at the open.

Chipmakers led Asian stocks higher following a rebound on Wall Street ahead of key tech earnings. The yen strengthened against the dollar.

Oil prices steadied after falling for the past two sessions, as investors remained cautious amid expectations of plentiful supplies and weak demand, while brushing off the U.S. presidential campaign upheaval.

Gold prices moved little in Asian trade, hovering around 11-day lows as traders sought more clarity on U.S. politics and monetary policy, especially ahead of a Federal Reserve meeting next week.

In corporate news, catering giant Compass Group boosted its full-year guidance, following a bumper third quarter.

Updating on trading, the world’s largest catering company said organic revenues rose 10.3% in the three months to 30 June.

It saw growth in all regions, with sales up 12% in Europe and 9.9% in North America.
Compass provides food for work and school canteens in around 30 countries. North America is its biggest market, however, accounting for around 70% of group revenues.

Markets

08:20

FTSE 100 8,172 (-0.32%)

FTSE 250 21,149 +0.05%

DAX 18,507 +0.54%

the close

Dow Jones 40,415 +0.32%

S&P 500 5,564 +1.08%

NASDAQ 18,007 +1.58%

Fixed Income

UK 10-YR YIELD 4.166

Exchange Rates

GBP/USD 1.292

GBP/EUR 1.187

Commodities

Gold $2,393 (-0.16%)

Brent $82.43 +0.24%

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.