Wednesday,23 October 2024 08:23:25

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Wednesday,23 October 2024 at 07:20

UK & European markets opened flat as investors in the region gear up for a busy day of corporate reports.

Asian stocks inched higher as investors were reluctant to place major bets ahead of a hotly contested U.S. election.

Oil prices edged down after industry data showed U.S. crude inventories had swelled more than expected, while the market kept watch on diplomatic efforts in the Middle East as Israel continued attacks on Gaza and Lebanon.

Gold continues to hit a record highs as factors including safe-haven demand, spurred by U.S. election uncertainties and the Middle East war, combined with expectations of further monetary easing to amplify bullion’s surge.

In corporate news, Lloyds reported a slight decline in statutory profits over the third quarter but still managed to beat consensus forecasts, as the banking group reiterated guidance for the full year.

Statutory profit before tax totalled £1.82bn in the three months to 30 September, down 2% on last year but well ahead of the £1.6bn expected by analysts.

Markets

At 8.20

FTSE 100 8,319 +0.16%

FTSE 250 20,980 +0.15%

DAX 19,424 +0.01%

At the close

Dow Jones 42,924 (-0.02%)

S&P 500 5,851 (-0.05%)

NASDAQ 18,573 +0.18%

Fixed Income

UK 10-YR YIELD 4.182

Exchange Rates

GBP/USD 1.296

GBP/EUR 1.202

Commodities

Gold $2,752 +0.14%

Brent $75.65 +0.49%

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.