Thursday,19 September 2024 16:33:14

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Thursday,19 September 2024 at 15:30

UK & European markets closed higher as investors digested the latest monetary policy decisions from the U.S. Federal Reserve and the Bank of England.

Wall Street stocks were firmly in the green early on as traders celebrated the Federal Reserve's decision to slash interest rates by half a percentage point.

Gold prices climbed over 1% after hitting a record high in the previous session, as the U.S. Federal Reserve embarked on its rate easing cycle.

Oil prices rose more than 1% after a large interest rate cut from the U.S. Federal Reserve, helping Brent to recover from below $69 last week - its lowest all year - to above $74.

In corporate news, Rolls-Royce was the standout gainer after it was selected to build mini nuclear power plants for the Czech government.

As part of the deal, announced late on Wednesday, Rolls-Royce will develop and build small modular reactors (SMRs), with the first one expected to be built near the Temelin nuclear power plant before 2035.

Markets

the close

FTSE 100 8,330 +0.93%

FTSE 250 20,143 +1.48%

DAX 18,989 +1.48%

16:30

Dow Jones 41,877 +0.90%

S&P 500 5,707 +1.59%

NASDAQ 18,022 +2.56%

Fixed Income

UK 10-YR YIELD 3.902

Exchange Rates

GBP/USD 1.327

GBP/EUR 1.190

Commodities

Gold $2,583 +0.97%

Brent $74.82 +2.66%

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.