Friday,01 November 2024 08:29:28

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Friday,01 November 2024 at 08:26

UK & European markets were slightly higher reflecting a tentative start to November as traders look ahead to the all-important U.S. jobs report.

Asia-Pacific markets were mostly lower as traders reacted to a slew of economic data. Japan's Nikkei 225 index fell over 2.6% to extend losses from the previous session when the Bank of Japan held interest rates steady.

Oil prices extended gains, climbing more than $1 a barrel to pare weekly losses, as geopolitical tensions in the Middle East rose following reports that Iran was preparing a retaliatory strike on Israel from Iraq in the coming days.

Gold traded little changed as investors refrained from taking big positions ahead of the U.S. payrolls data that could provide further clues about the Federal Reserve’s interest rate outlook.

Corporate news was thin on the ground, but CMC Markets announced a long-term partnership with New Zealand bank ASB, to provide ASB's clients with a customised trading platform, integrating CMC's technology with the bank’s existing systems.

The FTSE 250 company said the platform integration with ASB - owned by Australia’s Commonwealth Bank - was expected to complete within 12 to 18 months. It said the deal would also see CMC established as a full trading, settling, and clearing participant of the NZX exchange

Markets

At 8.25

FTSE 100 8,138 +0.35%

FTSE 250 20,380 (-0.04%)

DAX 19,130 +0.27%

At the close

Dow Jones 41,763 (-0.90%)

S&P 500 5,705 (-1.86%)

NASDAQ 18,095 (-2.76%)

Fixed Income

UK 10-YR YIELD 4.488

Exchange Rates

GBP/USD 1.291

GBP/EUR 1.189

Commodities

Gold $2,753 +0.37%

Brent $74.72 +1.02%

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.