Friday,25 October 2024 08:30:06

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Friday,25 October 2024 at 07:27

UK & European market are expected to open on a cautious note as market's focus on the health of the corporate sector. Geopolitical tensions in the middle east as well as election uncertainty in the U.S. are also expected to weigh on market sentiment.

Asia-Pacific markets were mixed with investors awaiting Japan’s general election over the weekend.

Oil prices slightly rose and are on track for a weekly gain of more than 1%, as tensions in the world’s top oil-producing region, the Middle East, and a restart in Gaza ceasefire talks in the coming days kept traders on edge.

Gold prices eased but was on track for a weekly gain, as investors sought the safe-haven metal amid rising geopolitical tensions, while palladium was poised for its strongest week in more than a month.

In corporate news, NatWest raised its full-year income forecasts after a strong third quarter, in which profits jumped by 34.6% on last year.

Profit for the three months to 30 September totalled £1.24bn, up from £924m, as total income rose 7.3% to £3.49bn.

The banking group said it now expects to achieve a return on tangible equity above 15%, up one percentage point on previous guidance, while adjusted income should come in at £14.4bn, compared with an earlier forecast of £14bn

Markets

At 8.27

FTSE 100 8,260 (-0.10%)

FTSE 250 20,764 (-0.12%)

DAX 19,427 (-0.08%)

At the close

Dow Jones 42,374 (-0.33%)

S&P 500 5,809 +0.21%

NASDAQ 18,415 +0.76%

Fixed Income

UK 10-YR YIELD 4.218

Exchange Rates

GBP/USD 1.297

GBP/EUR 1.198

Commodities

Gold $2,729 (-0.23%)

Brent $74.66 (-0.16%)

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.