Thursday,05 September 2024 16:36:45

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Thursday,05 September 2024 at 15:36

UK and European stocks closed mixed.

Wall Street trading got off to a mixed start as market participants thumbed over a number of data points in an effort to gain more insight into the current state of the US economy.

Oil firmed edging up from multi-month lows, due to a possible delay to output increases by OPEC+ producers and a decline in U.S. inventories, though gains were capped by persistent demand concerns.

Gold prices jumped 1% to near one-week highs on the back of a weaker U.S. dollar and lower yields after signs of labor market losing steam led investors to expect a super-sized rate cut from the Federal Reserve this month.

Housebuilder Vistry was the standout gainer on the index as it announced a further £130m share buyback and posted a 7% increase in first-half pre-tax profit.

In the half year to 30 June, adjusted pre-tax profit rose to £186.2m from £174m in the same period a year earlier, with total completions up 9.1% to 7,792. Vistry hailed "good demand" across its Partner Funded markets.

Markets

the close

FTSE 100 8,251 (-0.21%)

FTSE 250 20,786 (-0.10%)

DAX 18,619 +0.16%

16.30

Dow Jones 40,700 (-0.67%)

S&P 500 5,499 (-0.31%)

NASDAQ 17,131 +0.27%

Fixed Income

UK 10-YR YIELD 3.919

Exchange Rates

GBP/USD 1.315

GBP/EUR 1.187

Commodities

Gold $2,507 +0.49%

Brent $73.20 +0.66%

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.