Wednesday,30 October 2024 16:59:31

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

Wednesday,30 October 2024 at 16:55

UK and European markets closed lower as investors assessed a fresh batch of corporate earnings, regional growth data and the U.K. budget.

The dollar edged down, as stronger-than-expected U.S. jobs data and a U.K. budget release set off choppy trading.

Oil prices rebounded after data showed U.S. crude and gasoline inventories fell unexpectedly last week and on reports that OPEC+ may delay a planned oil output increase.

Gold prices rose as uncertainty over the U.S. presidential election boosted safe-haven demand, with traders also awaiting economic data for cues on the Federal Reserve’s policy path.

Drugmaker AstraZeneca revealed on Wednesday that Leon Wang, the president of AstraZeneca China, was under investigation by Chinese authorities.

AstraZeneca, which did not disclose whether or not Wang was currently in police custody, said he was "cooperating with an ongoing investigation".

The FTSE 100-listed group added that its China operations continued under the leadership of the current general manager of AstraZeneca China.

Markets

AT THE CLOSE

FTSE 100 8,159 (-0.73%)

FTSE 250 20,694 +0.35%

DAX 19,266 (-1.09%)

AT 16.50

Dow Jones 42,372 +0.33%

S&P 500 5,842 +0.17%

NASDAQ 18,740 +0.15%

Fixed Income

UK 10-YR YIELD 4.355

Exchange Rates

GBP/USD 1.300

GBP/EUR 1.196

Commodities

Gold $2,786 +0.43%

Brent $72.12 +1.59%

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.