Wednesday,09 October 2024 08:23:26

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.

Wednesday,09 October 2024 at 07:20

UK & European stocks rose at the open following heavy losses in the previous session.

Chinese stocks sold off in another volatile day of trading amid mixed Asia-Pacific markets.

Oil prices steadied in Asian trading, as traders weighed uncertainty surrounding developments in the Middle East conflict against continued bearish fundamentals.

Gold prices were subdued as investors strapped in for minutes from the Federal Reserve’s latest policy meeting for insights into the U.S. central bank’s interest rate trajectory.

In corporate news, Rio Tinto said it had struck a deal to buy Arcadium Lithium for $6.7bn, placing it among the main producers of the key component of electric vehicle batteries.

The mining giant said it was offering $5.85 a share in cash - a 90% premium to the stock’s closing price at the end of last week.

Markets

08:15

FTSE 100 8,227 +0.45%

FTSE 250 20,676 +0.22%

DAX 19,077 +0.07%

the close

Dow Jones 42,080 +0.30%

S&P 500 5,751 +0.97%

NASDAQ 18,192 +1.45%

Fixed Income

UK 10-YR YIELD 4.171

Exchange Rates

GBP/USD 1.306

GBP/EUR 1.192

Commodities

Gold $2,612 (-0.34%)

Brent $77.66 +0.30%

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.