Wednesday,24 July 2024 08:20:10

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

Wednesday,24 July 2024 at 07:19

UK & European stocks fell in early deals after a wave of corporate earnings from Wall Street heavyweights disappointed overnight.

Asia-Pacific markets fell as traders assessed July business activity data from Japan and Australia, and tech earnings from the U.S.

Falling U.S. crude inventories caused oil prices to rebound after several days of decline, while expectations for a nearing ceasefire deal in the Middle East kept prices from continuing to climb.

Gold prices inched higher, with investors awaiting U.S. economic data that could influence the Federal Reserve’s rate-cut timeline.

In company news, easyJet's third-quarter profit before tax increased £33m year-on-year, driven by an 8% rise in passenger numbers and a 1% rise in revenue per seat. The FTSE 100 low-cost carrier said easyJet holidays saw a significant growth in profit before tax by 49% to £73m, with a 33% increase in passenger numbers. It maintained a positive outlook for the 2024 financial year, expecting continued growth in revenue per seat and profit from easyJet holidays, alongside a stable cost environment.

Markets

08:15

FTSE 100 8,130 (-0.45%)

FTSE 250 21,079 (-0.06%)

DAX 18,388 (-0.91%)

the close

Dow Jones 40,358 (-0.14%)

S&P 500 5,555 (-0.16%)

NASDAQ 17,997 (-0.06%)

Fixed Income

UK 10-YR YIELD 4.123

Exchange Rates

GBP/USD 1.289

GBP/EUR 1.188

Commodities

Gold $2,416 +0.30%

Brent $81.21 (-0.40%)

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.