Friday,25 October 2024 16:32:49

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Friday,25 October 2024 at 15:29

UK & European markets ended with mixed results.

Wall Street stocks were in the green early on but were still on track for a losing week.

Gold prices fell as some investors booked profit after its recent rally where it hit a record high, although ongoing tensions in the Middle East helped limit the decline.

Oil prices were heading for a weekly gain of more than 2%, with Friday’s prices were little changed on the day as traders were kept on edge by simmering tensions in the Middle East ahead of a planned resumption in Gaza ceasefire talks in the coming days.

In corporate news, NatWest jumped to the top of the index as it 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

the close

FTSE 100 8,250 (-0.23%)

FTSE 250 20,823 +0.16%

DAX 19,467 +0.13%

16:30

Dow Jones 42,407 +0.08%

S&P 500 5,851 +0.72%

NASDAQ 18,671 +1.39%

Fixed Income

UK 10-YR YIELD 4.219

Exchange Rates

GBP/USD 1.298

GBP/EUR 1.199

Commodities

Gold $2,741 +0.21%

Brent $75.65 +1.5%

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.