Friday,30 August 2024 08:19:02

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Friday,30 August 2024 at 07:17

UK & European stocks nudged higher at the open following a positive session in Asia.

Asia-Pacific markets climbed after economic data from the U.S. calmed recessionary fears, while investors also assessed a slew of data from Japan.

Oil prices were steady in early trading as investors weighed supply concerns in the Middle East against signs of weakened demand.

Gold fell slightly, though was set for a 2.6% gain for the month, helped by the prospect of an imminent Fed easing cycle and a weaker dollar.

In corporate news, STV Group announced the appointment of Rufus Radcliffe as its new chief executive officer, effective 1 November, succeeding Simon Pitts. The London-listed broadcaster said Radcliffe was joining from ITV, where he played a large role in digital transformation and was instrumental in launching the ITVX streaming service. His career included more than 13 years at ITV and prior experience at Channel 4, where he contributed to the launch of E4 and the 4OD streaming platform.

Markets

08:20

FTSE 100 8,408 +0.34%

FTSE 250 21,092 +0.29%

DAX 18,895 (-0.09%)

the close

Dow Jones 41,335 +0.59%

S&P 500 5,591 +0.00%

NASDAQ 17,516 (-0.23%)

Fixed Income

UK 10-YR YIELD 3.982

Exchange Rates

GBP/USD 1.317

GBP/EUR 1.189

Commodities

Gold $2,520 (-0.02%)

Brent $79.25 +0.62%

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.