Monday,16 September 2024 08:20:13

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Monday,16 September 2024 at 07:17

UK & European stocks nudged up at the open as investors eyed rate announcements this week by the Bank of England and the US Federal Reserve.

Asian markets were mixed, with Hong Kong stocks falling as investors assessed downbeat economic data from China, while several key markets were closed for holidays.

Oil prices edged up in early trade amid expectations of a U.S. interest rate cut this week, though gains were capped by U.S. supply resumptions following Hurricane Francine and weaker China data.

Gold price attracts some follow-through buying for the third successive day and sticks to its gains near the record high.

HgCapital Trust, the FTSE 250-listed investor in European and transatlantic software and services businesses, reported a 6.4% increase net asset value (NAV) in the first half, with double-digit revenue and profit growth achieved across its top 20 investments.

NAV per share increased to 527.9p from 500.5p at the start of the period, with net assets rising to £2.4bn. The company recorded a share price total return of 12.7% over the period, giving the company a market cap of £2.2bn.

Markets

08:15

FTSE 100 8,263 (-0.12%)

FTSE 250 20,875 (-0.10%)

DAX 18,622 (-0.41%)

the close

Dow Jones 41,393 +0.72%

S&P 500 5,626 +0.54%

NASDAQ 17,683 +0.65%

Fixed Income

UK 10-YR YIELD 3.768

Exchange Rates

GBP/USD 1.316

GBP/EUR 1.184

Commodities

Gold $2,582 +0.20%

Brent $71.97 (-0.17%)

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.