Thursday,03 October 2024 16:33:53

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Thursday,03 October 2024 at 15:30

UK & European stocks moved lower as conflict in the Middle East weighs on regional investor sentiment.

Hong Kong stocks plunged, snapping a six-day winning streak, as the China stimulus rally appeared to ease.

Gold prices fell on a stronger dollar as investors toned down expectations of another big interest-rate cut from the U.S. Federal Reserve, while looking ahead to Friday’s payrolls data for further policy clues.

Oil prices rose on investor concern that a widening Middle East conflict could disrupt crude oil flows from the region, though a stronger global supply outlook kept a lid on gains.

In Corporate news, Tesco shot to the top of the index as it lifted its annual profit guidance despite a slight slowdown in underlying sales growth in the second quarter.

Due to stronger-than-expected volumes in the first half, which the grocer put down to its ongoing investments in "value, quality and service", retail adjusted operating profit for the year ending 24 February was now expected to be £2.9bn, up from earlier guidance of at least £2.8bn and higher than last year’s £2.76bn.

Markets

the close

FTSE 100 8,276 (-0.17%)

FTSE 250 20,733 (-0.24%)

DAX 18,992 (-0.90%)

16:30

Dow Jones 41,975 (-0.53%)

S&P 500 5,695 (-0.24%)

NASDAQ 17,900 (-0.13%)

Fixed Income

UK 10-YR YIELD 4.006

Exchange Rates

GBP/USD 1.311

GBP/EUR 1.190

Commodities

Gold $2,653 (-0.17%)

Brent $76.49 +2.51%

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.