Tuesday,08 October 2024 08:19:34

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

Tuesday,08 October 2024 at 07:15

UK & European stocks fell at the open as investors were left disappointed by a lack of new stimulus measures from China.

The rally in Chinese markets lost steam after a briefing from the country’s National Development and Reform Commission provided few details on further stimulus.

Oil prices edged lower in early Asian trading hours as traders booked profits after prices rallied to their highest in over a month on Monday amid fears that the Middle East could be on the brink of a region-wide war.

Gold prices edged lower, pressured by a stronger dollar, while market participants awaited minutes of the Federal Reserve’s last meeting and economic data for further cues on U.S. interest rate path.

In corporate news, Imperial Brands beefed up its shareholder returns programme by £400m after confirming it finished the fiscal year with in-line results, with growth in both tobacco and next generation products.

Group adjusted operating profit growth over the 12 months to 30 September was “close to the middle” of the mid-single digit range guidance, the company said.

Markets

08:15

FTSE 100 8,219 (-1.01%)

FTSE 250 20,695 (-0.75%)

DAX 18,935 (-0.86%)

the close

Dow Jones 41,954 (-0.94%)

S&P 500 5,695 (-0.96%)

NASDAQ 17,923 (-1.18%)

Fixed Income

UK 10-YR YIELD 4.193

Exchange Rates

GBP/USD 1.307

GBP/EUR 1.189

Commodities

Gold $2,637 (-0.20%)

Brent $79.43 (-2.02%)

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.