Friday,06 September 2024 08:53:28

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Friday,06 September 2024 at 07:50

UK and European stocks opened broadly lower as growth worries persist ahead of key Eurozone and U.S. economic data due later in the day.

The U.S. dollar sagged with job market indicators sending mixed signals ahead of crucial monthly payrolls data later in the day.

Oil prices edged up as investors weighed a big withdrawal from U.S. crude inventories and a delay to production hikes by OPEC+ producers against mixed U.S. employment data.

Gold held below a one-week high and was on track for a weekly gain, as market participants focused on U.S. jobs data that could shape the size of an expected rate cut this month.

Housebuilder Vistry announced a further £130m share buyback on Thursday as it posted a 7% increase in first-half pre-tax profit.

Vistry said it had traded well over the summer and was on track to deliver strong growth in total completions in FY24 to in excess of 18,000 units versus 16,118 last year, and for full-year profits to be ahead of last year.

Markets

08:45

FTSE 100 8,208 (-0.40%)

FTSE 250 20,720 (-0.20%)

DAX 18,441 (-0.72%)

AT THE CLOSE

Dow Jones 40,755 (-0.54%)

S&P 500 5,503 (-0.30%)

NASDAQ 17,127 +0.25%

Fixed Income

UK 10-YR YIELD 3.883

Exchange Rates

GBP/USD 1.318

GBP/EUR 1.186

Commodities

Gold $2,518 +0.09%

Brent $72.97 +0.22%

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.