Monday,09 September 2024 08:20:01

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

Monday,09 September 2024 at 07:17

UK & European stocks gained at the open following heavy losses at the end of last week.

Asia-Pacific markets fell, with Hong Kong’s Hang Seng Index leading losses in the region, following the weaker-than-expected U.S. jobs report on Friday.

Oil futures jumped by a dollar in early trading as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weaker-than-expected U.S. jobs data on Friday.

Gold prices edged lower, as investors awaited U.S. inflation print due this week to strengthen their bets on the size of a likely reduction in Federal Reserve's interest rates.

In UK corporate news, Barratt Developments, Homes England and Lloyds Bank have formed a joint venture that will focus on developments of large sites for housing.

Each partner will invest up to £150m in the venture, to be called the MADE Partnership, focusing on multiple large scale, residential-led developments from 1,000 to more than 10,000 homes “along with a variety of community facilities and employment uses”.

Potential development opportunities will include large brownfield developments, as well as new garden village style communities.

Markets

08:15

FTSE 100 8,232 +0.62%

FTSE 250 20,594 +0.49%

DAX 18,379 +0.41%

the close

Dow Jones 40,345

S&P 500 5,408

NASDAQ 16,690

Fixed Income

UK 10-YR YIELD 3.934

Exchange Rates

GBP/USD 1.309

GBP/EUR 1.184

Commodities

Gold $2,489 (-0.28%)

Brent $72.00 +0.74%

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.