Wednesday,03 January 2024 09:32:48

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Wednesday,03 January 2024 at 09:35

UK & European markets saw a mixed open after a gloomy start to new year trading yesterday.

Asia-Pacific markets fell with stocks in South Korea and Taiwan leading declines as major tech firms including chipmakers came under pressure after Barclays downgraded Apple.

Gold prices ticked up, helped by a pullback in the dollar, while investors awaited minutes of the Federal Reserve’s latest policy meeting and U.S. jobs data for more clarity on the interest rate outlook.

Oil prices rose slightly amid continued concerns around shipping disruptions in the Red Sea and escalating tension in the Middle East.

In corporate news, budget airline Ryanair fell as it reported a 9% jump in December passenger numbers but cautioned that the removal of its flights from online travel agents will dent short-term load factors and soften short-term yields.

The budget airline said traffic rose to 12.54 million from 11.52 in the same month a year earlier, while the load factor - which gauges how full the planes are - ticked down to 91% from 92%.

Markets

At 09:15

FTSE 100 7,708 (-0.17%)

FTSE 250 19,420 (-0.47%)

DAX 16,740 (-0.17%)

At the close

Dow Jones 37,715 +0.07%

S&P 500 4,742 (-0.57%)

NASDAQ 14,765 (-1.63%)

Fixed Income

UK 10-YR YIELD 3.656

Exchange Rates

GBP/USD 1.263

GBP/EUR 1.154

Commodities

Gold $2,058 +0.01%

Brent $74.88 (-1.48%)

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.