Monday,28 October 2024 08:24:30

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Monday,28 October 2024 at 08:22

UK & European markets are expected to start the week on a lackluster note as investors review the geopolitical situation in the Middle East.

Asian stock markets are trading mixed following the mixed cues from wall street on Friday, amid lingering concerns the US fed will lower interest rates slower than previously anticipated after revised data showed us consumer sentiment unexpectedly improved in the month of October.

Oil prices slid more than 4% as Israel’s strikes on Iran over the weekend were dubbed as “limited” by local media, with Citi analysts discounting chances of an escalation that disrupts oil supplies.

Gold prices fell as the U.S. dollar held firm, while investors awaited U.S. economic data for fresh insights on the Federal Reserve’s monetary policy path.

In corporate news, train and coach bookings platform Trainline raised its full-year growth guidance after a strong first half.

The company said it expects net ticket sales to increase by 12-14% in the year to 28 February 2025, up from a previous target of 8-12% growth, while revenue growth is tipped to be 11-13%, up from 7-11% previously.

Markets

At 8.20

FTSE 100 8,256 +0.10%

FTSE 250 20,896 +0.37%

DAX 19,512 +0.26%

At the close

Dow Jones 42,114 (-0.61%)

S&P 500 5,808 (-0.03%)

NASDAQ 18,518 +0.56%

Fixed Income

UK 10-YR YIELD 4.267

Exchange Rates

GBP/USD 1.297

GBP/EUR 1.199

Commodities

Gold $2,740 (-0.24%)

Brent $72.24 (-4.42%)

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.