Tuesday,13 August 2024 08:22:22

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Tuesday,13 August 2024 at 07:19

UK & European stocks rose at the open as investors mulled the latest UK jobs data.

Japan’s major indexes rose sharply, as trading in the country’s stocks resumed after a holiday, amid a broader rise in Asia-Pacific markets.

Gold prices eased as profit-taking kicked in after bullion hit a more than one-week high, while market players awaited key U.S. inflation data that could provide further insight into the Federal Reserve’s next policy decision.

Oil prices edged lower, breaking a five-day streak of gains, as markets refocused on concerns about demand after OPEC on Monday cut its forecast for demand growth in 2024 due to softer expectations in China.

In corporate news, Just Group reported a 44% increase in underlying operating profit to £249m for the first half, driven by strong growth in new business sales and higher recurring in-force profit.

The FTSE 250 company said retirement income sales grew 30% to £2.5bn, with a corresponding 38% increase in new business profits to £222m. It said it maintained a robust capital coverage ratio of 196%, and announced a 20% increase in the interim dividend to 0.7p per share.

Markets

08:20

FTSE 100 8,229 +0.23%

FTSE 250 20,713 +0.18%

DAX 17,798 +0.40%

the close

Dow Jones 39,357 (-0.36%)

S&P 500 5,344 +0.00%

NASDAQ 16,780 +0.21%

Fixed Income

UK 10-YR YIELD 3.925

Exchange Rates

GBP/USD 1.280

GBP/EUR 1.171

Commodities

Gold $2,462 (-0.38%)

Brent $81.81 (-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.