Thursday,05 September 2024 08:35:20

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Thursday,05 September 2024 at 07:33

UK & European stocks may open lower as global markets remain in risk-off mode amid mounting unease over the U.S. and Chinese economic outlook.

Asia-Pacific markets extending their declines after a sell-off in the previous session, with Japan’s Nikkel 225 leading losses in the region

The dollar fell as traders ramped up bets for a supersized rate cut from the Federal Reserve later this month, with the yen a notable outperformer on safe-haven demand as concerns over the U.S. economy’s growth outlook resurfaced.

Oil was attempting to hold its line in early trade after an overnight sell-off, as players grappled with weak demand alongside a possible delay to more supply entering the market next month.

Gold was little changed as investors kept to the sidelines ahead of U.S. payroll data that could provide more clues on the size of an expected rate cut this month.

Segro said on Wednesday that it has agreed to buy rival Tritax EuroBox in a deal with an implied enterprise value of around £1.1bn including debt.

The deal values Tritax at about £552m, which, based on the company’s net debt as at 31 March 2024, implies an enterprise value of approximately £1.1bn

Markets

08:20

FTSE 100 8,272 +0.03%

FTSE 250 20,824 +0.07%

DAX 18,584 (-0.04%)

AT THE CLOSE

Dow Jones 40,974 +0.09%

S&P 500 5,520 (-0.16%)

NASDAQ 17,084 (-0.30%)

Fixed Income

UK 10-YR YIELD 3.923

Exchange Rates

GBP/USD 1.314

GBP/EUR 1.185

Commodities

Gold $2,505 +0.42%

Brent $73.11 +0.54%

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.