Friday,05 January 2024 08:20:04

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Friday,05 January 2024 at 08:20

UK & European stocks opened weaker as investors eyed the release of the latest all-important US non-farm payrolls report.

Asia-Pacific markets were mixed, after falling for the first few trading days of the new year, with most markets clocking declines at the end of the first week of this year.

Gold was headed for its first weekly drop in four, as reduced bets of an early interest rate cut in the U.S. boosted the dollar and bond yields, while investors awaited a key employment report.

Oil prices edged higher after minutes from a Federal Reserve meeting suggested inflation was under control and as U.S. Secretary of State Antony Blinken prepared to visit the Middle East to prevent escalation in the Israel-Gaza conflict.

In corporate news, shipping services provider Clarkson lifted annual guidance after strong trading during the final quarter of 2023 driven by its broking division.

Underlying profit before tax was now expected to be at least £108m for the 12 months to December 31, the company said in a short trading update.

Markets

08:15

FTSE 100 7,686 (-0.47%)

FTSE 250 19,279 (-0.48%)

DAX 16,498 (-0.72%)

the close

Dow Jones 37,440 +0.03%

S&P 500 4,688 (-0.34%)

NASDAQ 14,510 (-0.56%)

Fixed Income

UK 10-YR YIELD 3.76

Exchange Rates

GBP/USD 1.268

GBP/EUR 1.161

Commodities

Gold $2,041 (-0.05%)

Brent $78.02 +0.47%

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.