Thursday,10 October 2024 08:28:41

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.

Thursday,10 October 2024 at 07:27

European markets are heading for a positive open as investors await the latest U.S. inflation data for more signs that price pressures are easing.

Asia-Pacific markets traded higher following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial Average reach new records as investors shrugged off geopolitical concerns.

Oil prices rose in early Asian trade on concerns about potential supply disruptions in the Middle East, with Israel planning to strike oil-producer Iran, and on spikes in fuel demand as a major storm barrelled into Florida.

Gold prices nudged higher while traders await a key U.S. inflation data due later in the day to gauge the Federal Reserve’s future monetary policy stance.

In corporate news, GSK has agreed to pay $2.2bn to settle about 80,000 Zantac lawsuits in the US.

In a statement released after the close of markets on Wednesday, the pharmaceuticals firm said it had reached an agreement with 10 firms who represent 93% of the Zantac (ranitidine) state court product liability cases pending against it in the US.

Markets

08.20

FTSE 100 8,270 +0.32%

FTSE 250 20,805 (-0.06%)

DAX 19,254 +0.99%

the close

Dow Jones 42,512 +1.03%

S&P 500 5,792 +0.71%

NASDAQ 18,291 +0.60%

Fixed Income

UK 10-YR YIELD 4.203

Exchange Rates

GBP/USD 1.308

GBP/EUR 1.196

Commodities

Gold $2,612 +0.21%

Brent $76.81 -(0.32%)

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.