Friday,18 October 2024 16:31:42

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Friday,18 October 2024 at 15:29

UK & European closed muted, with indices close to or at record highs following an interest-rate cut the previous session.

Wall Street trading got off to a mixed start as market participants continued to thumb over corporate earnings.

Gold raced past the $2,700 mark for the first time, extending a rally driven by expectations of further monetary policy easing and safe-haven demand due to uncertainty about the U.S. presidential elections and Middle East conflicts.

Oil futures in inched lower and were headed for more than a 6% weekly drop on concerns about demand from China’s slowing economy and easing supply risk from the Middle East conflict.

In corporate news, aero structures manufacturer Spirit AeroSystems announced that it will furlough roughly 700 workers as a strike by Boeing machinists entered its sixth week.

Spirit said its temporary, 21-day furloughs, which will affect approximately 5% of the company's US workforce, will impact employees working on the 767 and 777 programmes at its largest facilities in Wichita, Kansas , starting from 28 October.

Markets

the close

FTSE 100 8,355 (-0.35%)

FTSE 250 21,118 +0.08%

DAX 19,659 +0.39%

16:30

Dow Jones 43,154 (-0.20%)

S&P 500 5,857 +0.27%

NASDAQ 18,480 +0.58%

Fixed Income

UK 10-YR YIELD 4.066

Exchange Rates

GBP/USD 1.303

GBP/EUR 1.200

Commodities

Gold $2,716 +0.88%

Brent $72.62 (-2.36%)

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.