Tuesday,29 October 2024 16:58:13

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Tuesday,29 October 2024 at 16:54

UK and European markets turned negative as traders in the region continued to digest the latest slew of earnings reports and looked ahead to fresh corporate results stateside.

The dollar hit three-month highs against the yen, but was little changed on the day against most majors as traders bided their time ahead of next week’s U.S. election and a slew of incoming economic data.

U.S. crude oil fell, one day after posting the worst daily loss in two years.

Gold prices hit a record high on Tuesday, as uncertainties surrounding the U.S. presidential election and the Middle East conflict.

German flag carrier Deutsche Lufthansa reported record sales in the third quarter and said winter bookings were above last year, though profits were nearly a tenth lower than last year.

The airline reported its strongest revenue quarter in its history, generating sales of €10.7bn in the three months to 30 September, up from €10.3bn the year before, helped by a higher number of flights and revenue growth at its maintenance and repair services unit Lufthansa Technik.

Markets

AT THE CLOSE

FTSE 100 8,219 (-0.80%)

FTSE 250 20,622 (-1.02%)

DAX 19,483 (-0.25%)

AT 16.50

Dow Jones 42,289 (-0.23%)

S&P 500 5,830 +0.12%

NASDAQ 18,646 +0.43%

Fixed Income

UK 10-YR YIELD 4.320

Exchange Rates

GBP/USD 1.299

GBP/EUR 1.203

Commodities

Gold $2,768 +0.96%

Brent $70.78 (-1.18%)

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.