Friday,04 October 2024 08:34:23

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Friday,04 October 2024 at 07:31

UK and European stocks were poised for a higher open as traders continue to monitor the escalating conflict in the Middle East and look ahead to the latest U.S. jobs report.

Despite dovish comments from Japanese Prime Minister Shigeru Ishiba leading to a sharp plunge in the yen, market analysts aren’t budging from their Bank of Japan policy expectations for the longer term.

U.S. crude futures ticked higher again on concerns that Israel could strike Iran’s oil industry in retaliation for Tehran’s missile attack this week.

Gold prices held steady as safe-haven demand from escalating tensions in the Middle East offset pressure from a stronger dollar.

British Land said on Thursday that it had raised £301m in an equity placing to help fund the acquisition of a portfolio of seven "high quality" retail parks.

The company announced late that it had agreed to buy the retail parks from Brookfield for £441m. British Land said the remainder of the consideration would be financed from existing cash and in place facilities.

Markets

AT 08:15

FTSE 100 8,289 +0.08%

FTSE 250 20,822 +0.40%

DAX 19,000 (-0.06%)

AT THE CLOSE

Dow Jones 42,011 (-0.44%)

S&P 500 5,699 (-0.17%)

NASDAQ 17,918 (-0.04%)

Fixed Income

UK 10-YR YIELD 4.038

Exchange Rates

GBP/USD 1.314

GBP/EUR 1.191

Commodities

Gold $2,662 +0.25%

Brent $77.91 +0.21%

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.