Friday,11 October 2024 09:26:20

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.

Friday,11 October 2024 at 08:22

UK & European stocks nudged lower in early trade as investors mulled the latest UK GDP data.

China stocks led declines in Asia-Pacific markets, after key Wall Street benchmarks fell overnight as investors digested a sticky U.S. inflation report.

Gold prices climbed after recent data supported bets for a Federal Reserve interest rate cut next month, while market participants awaited the U.S. Producer Price Index report for further direction.

Oil eased after a rally the previous day, but prices remained set for a second straight weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption if Israel attacks Iranian oil sites.

In corporate news, Sainsbury’s slumped after its biggest shareholder, Qatar Investment Authority, placed 109m shares in the supermarket chain.

The shares were placed via Goldman Sachs at 280p each, which is a discount of around 2.8% to the closing share price on Thursday.

Markets

09:25

FTSE 100 8,239 +0.02%

FTSE 250 20,728 +0.10%

DAX 19,227 +0.09%

the close

Dow Jones 42,454 (-0.14%)

S&P 500 5,780 (-0.21%)

NASDAQ 18,282 (-0.05%)

Fixed Income

UK 10-YR YIELD 4.216

Exchange Rates

GBP/USD 1.307

GBP/EUR 1.194

Commodities

Gold $2,642 +0.49%

Brent $78.69 (-0.37%)

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.