Thursday,26 September 2024 16:33:34

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Thursday,26 September 2024 at 15:30

UK & European stocks were higher, spurred on by overnight gains in Asia-Pacific markets.

Wall Street stocks were in the green at the bell as major indices looked set to reclaim a chunk of yesterday's losses.

Silver rose to its highest level in nearly 12 years, riding the coattails of gold’s rally to record peaks on interest rate cuts by major central banks.

Oil prices slumped, reversing earlier gains, on news Saudi Arabia, the world’s biggest crude exporter, will give up on its price target in preparation for raising output.

In corporate news, shares in Diageo jumped after the drinks-making giant maintained guidance amid a “challenging” global environment for the industry.

In a brief trading statement ahead of its annual general meeting, chief executive Debra Crew said consumers continued to be “cautious”. The maker of Guinness and Smirnoff in July reported a drop in full-year organic operating profit as it pointed to a weaker performance in Latin America and the Caribbean.

Markets

the close

FTSE 100 8,280 +0.14%

FTSE 250 21,024 +1.30%

DAX 19,207 +1.52%

16:30

Dow Jones 42,098 +0.44%

S&P 500 5,737 +0.27%

NASDAQ 18,142 +0.33%

Fixed Income

UK 10-YR YIELD 4.003

Exchange Rates

GBP/USD 1.341

GBP/EUR 1.199

Commodities

Gold $2,669 +0.49%

Brent $71.58 (-2.90%)

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.