Thursday,15 August 2024 08:18:39

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.

Thursday,15 August 2024 at 07:15

UK & European stocks rose at the open following a positive close on Wall Street, as investors mulled the latest UK GDP figures.

Asia-Pacific markets largely rose after Japan’s GDP growth beat expectations, while traders also digested China retail sales, industrial output and urban unemployment data for July.

Gold prices inched up after a 1% decline in the previous session following inflation data that dampened hopes for a larger September U.S. rate cut, while the focus shifted to retail sales data.

Oil prices rose, recovering some of the previous day’s loss, on hopes of potential U.S. interest rate cuts boosting economic activity and fuel demand, though lingering concerns over slower global demand capped gains.

In corporate news, insurance group Admiral posted a 32% rise in half-year pre-tax profits to £310m, driven by an improved current year underwriting performance and continued significant prior period releases.

It also declared an interim dividend of 71p a share including a special payout of 19.7p a share, up 39%.

Markets

08:20

FTSE 100 8,285 +0.06%

FTSE 250 20,901 (-0.24%)

DAX 17,980 +0.53%

the close

Dow Jones 40,008 +0.61%

S&P 500 5,455 +0.38%

NASDAQ 17,192 +0.03%

Fixed Income

UK 10-YR YIELD 3.844

Exchange Rates

GBP/USD 1.285

GBP/EUR 1.166

Commodities

Gold $2,455 +0.32%

Brent $80.01 +0.05%

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.