Monday,14 October 2024 08:23:10

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.

Monday,14 October 2024 at 07:21

UK & European stocks are heading for a mixed start to this week, with regional markets lacking direction after a choppy week last week.

Asia-Pacific markets mostly rose as investors assessed China’s weekend press briefing and awaited a slew of economic data this week from the region.

Oil prices fell by more than $1 a barrel, losing over 1.5% in early trading, after disappointing Chinese inflation data and a lack of clarity on Beijing’s economic stimulus plans stoked fears about demand.

Gold prices eased weighed down by a firmer U.S. dollar, while investors looked out for fresh clues on Federal Reserve interest rate cuts.

In corporate news, luxury handbag maker Mulberry said it was considering its position after major shareholder Challice said it had no intention of selling its 56% stake to Mike Ashley’s Frasers Group despite an increased bid for the company.

The statement came after Frasers, which already holds 37% of Mulberry, upped its offer for the rest of the firm to 150p a share from 130p late on Friday after an earlier £83m bid was rejected by the company earlier this month.

Markets

At 08.20

FTSE 100 8,247 (-0.07%)

FTSE 250 20,739 (-0.12%)

DAX 19,410 +0.20%

At the close

Dow Jones 42,863 +0.97%

S&P 500 5,815 +0.61%

NASDAQ 18,342 +0.33%

Fixed Income

UK 10-YR YIELD 4.223

Exchange Rates

GBP/USD 1.306

GBP/EUR 1.195

Commodities

Gold $2,662 +0.20%

Brent $77.39 (-1.62%)

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.