Friday,27 September 2024 16:39:26

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Friday,27 September 2024 at 15:36

UK & European stocks closed up in the afternoon trade.

Wall Street stocks were higher early on following a solid session for the Dow Jones on Thursday.

Gold and silver prices retreated from record highs but were positioned for weekly gains on growing anticipation of another bumper U.S. interest rate cut this year.

U.S. crude oil was on pace for its first weekly loss in three weeks, as the prospect of growing oil supplies from Saudi Arabia overshadowed China’s efforts to stimulate its economy.

Prudential jumped to the top of the index as it announced its expansion further into South East Asia through a strategic partnership with Bank Syariah Indonesia.

Through PT Prudential Sharia Life Assurance, Prudential will from early 2025 become the Syariah life insurance provider of Bank Syariah Indonesia, the country's sixth largest bank and the largest Syariah bank by assets.

BSI has more than 20m customers and 1,000 bank branches across the country.

The Asia-focused insurer has gained sharply this week, lifted by news of China’s stimulus measures.

Markets

the close

FTSE 100 8,320 +0.43%

FTSE 250 21,240 +1.10%

DAX 19,478 +1.25%

16:35

Dow Jones 42,605 +1.02%

S&P 500 5,753 +0.13%

NASDAQ 18,147 (-0.24%)

Fixed Income

UK 10-YR YIELD 3.997

Exchange Rates

GBP/USD 1.340

GBP/EUR 1.199

Commodities

Gold $2,651 (-0.78%)

Brent $70.93 +0.07%

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.