Tuesday,24 September 2024 08:19:47

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Tuesday,24 September 2024 at 07:16

UK & European stocks rose at the open, taking their cue from solid sessions in the US and Asia, after China unveiled new stimulus measures.

Hong Kong’s Hang Seng index surged over 3%, led by consumer non-cyclical stocks and leading gains in Asia as Beijing announced a slew of policy easing measures in a rare briefing from central bank governor Pan Gongsheng.

Oil prices rose on concerns the intensifying conflict between Israel and Hezbollah may impact supply in the key Middle East producing region and a tropical storm may impact output in the U.S., the world’s biggest crude producer, later this week.

Gold prices steadied after surging to a record high in the previous session, following broadly dovish comments from U.S. Federal Reserve officials and escalating tensions in the Middle East.

In UK corporate news, low-cost computer maker Raspberry Pi posted better than-expected interim profit in its maiden results as a listed company.

Adjusted core earnings rose 55% to $21m, beating internal expectations. Raspberry Pi held full-year guidance, adding that volumes should normalise towards the end of the 12-month period.

Markets

08:15

FTSE 100 8,301 +0.51%

FTSE 250 20,927 +0.40%

DAX 18,985 +0.74%

the close

Dow Jones 42,124 +0.15%

S&P 500 5,718 +0.28%

NASDAQ 17,974 +0.14%

Fixed Income

UK 10-YR YIELD 3.958

Exchange Rates

GBP/USD 1.335

GBP/EUR 1.201

Commodities

Gold $2,628 +0.00%

Brent $74.73 +0.70%

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.