Thursday,10 October 2024 16:34:40

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Thursday,10 October 2024 at 15:31

UK & European markets slipped as investors digested fresh U.S. inflation data, which came in above expectations.

Wall Street stocks were in the red early on Thursday as market participants digested September's hotter-than-expected consumer price index.

Gold prices extended gains after traders added to bets that the Federal Reserve will deliver an interest-rate cut next month following the latest U.S. economic data.

Oil prices rose more than 2%, underpinned by a spike in fuel demand as a major storm barrelled into Florida, with Middle East supply risks also in focus.

In corporate news, shares in takeaway pizza chain Domino's rose as investors focused on forecast-beating quarterly earnings and shrugged off a reduction to sales growth forecasts for the full year.

Domino's said retail sales totalled $4.39bn for the third quarter, up from $4.22bn a year earlier, with both US and international store sales rising 5.1% year-on-year at constant exchange rates.

The Michigan-based company, which had more than 21,000 owned and franchised stores by the end of the period, reported revenues of $1.08bn when accounting for owned stores as well as franchise royalties and fees. That was also up 5.1% on last year though just shy of the $1.10bn consensus forecast.

Markets

the close

FTSE 100 8,236 (-0.09%)

FTSE 250 20,690 (-0.63%)

DAX 19,214 (-0.20%)

16:30

Dow Jones 42,446 (-0.15%)

S&P 500 5,783 (-0.15%)

NASDAQ 18,264 (-0.15%)

Fixed Income

UK 10-YR YIELD 4.215

Exchange Rates

GBP/USD 1.304

GBP/EUR 1.193

Commodities

Gold $2,621 +0.53%

Brent $78.16 +2.08%

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.