Tuesday,10 September 2024 08:19:59

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.

Tuesday,10 September 2024 at 07:17

UK & European stocks fell at the open following strong gains at the start of the week, as investors mulled the latest UK jobs data.

Asia-Pacific markets were mixed, following gains on Wall Street that saw both the S&P 500 and Nasdaq Composite rebound from their worst week of the year.

Oil was steady in early trade as investors weighed supply disruptions from Tropical Storm Francine and the potential for further output cuts against persistently weak Chinese demand.

Gold prices eased, pressured by a firmer dollar, while traders braced for key U.S. inflation figures that could offer hints about the size of the Federal Reserve's interest rate reduction next week.

In corporate news, gold miner Centamin said it had agreed to be taken over by AngloGold Ashanti in a £1.9bn deal.

Under the terms of the transaction, Centamin shareholders will receive 0.06983 new AngloGold Ashanti shares and $0.125 in cash.

The price represents a premium of around 36.7% to the closing share price on Monday.

Markets

08:15

FTSE 100 8,224 (-0.56%)

FTSE 250 20,651 0.00%

DAX 18,418 (-0.14%)

the close

Dow Jones 40,829 +1.20%

S&P 500 5,471 +1.16%

NASDAQ 16,884 +1.16%

Fixed Income

UK 10-YR YIELD 3.881

Exchange Rates

GBP/USD 1.309

GBP/EUR 1.185

Commodities

Gold $2,503 (-0.11%)

Brent $71.44 (-0.58%)

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.