Tuesday,09 January 2024 08:46:52

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Tuesday,09 January 2024 at 08:46

UK & European markets opened higher, rebounding moderately after a gloomy start to the new trading year.

Asia-Pacific markets mostly rose, rebounding from a sell-off in the previous session, with the Nikkei 225 hitting a 33-year high on the back of gains in tech stocks.

Gold prices were flat in morning trade.

Oil prices steadied in early trade after sliding in the previous session, as markets weighed Middle East tensions against demand worries and rising OPEC supply.

In corporate news, GSK said it was buying Aiolos, a clinical-stage biopharmaceutical company focused on treatment of respiratory and inflammatory conditions, for a $1bn (£780m) upfront payment and up to $400m in milestone payments.

The deal provides GSK with access to Aiolos' AIO-001, a drug ready to enter phase II clinical development for the treatment of adult patients with asthma, with potential for additional indications including chronic rhinosinusitis with nasal polyps.

Markets

At 08:30

FTSE 100 7,699 +0.07%

FTSE 250 19,311 (-0.42%)

DAX 16,711 (-0.03%)

At the close

Dow Jones 37,683 +0.58%

S&P 500 4,763 +1.41%

NASDAQ 14,843 +2.20%

Fixed Income

UK 10-YR YIELD 3.812

Exchange Rates

GBP/USD 1.273

GBP/EUR 1.163

Commodities

Gold $2,033 +0.26%

Brent $76.87 +1.00%

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.