Friday,01 November 2024 16:35:26

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Friday,01 November 2024 at 16:32

UK & European stocks closed higher.

Wall Street stocks were sharply higher as traders digested last month's all-important jobs report.

Gold prices rose, rebounding from profit-taking during the previous session, as the U.S. dollar weakened after data showed that U.S. job growth slowed sharply in October.

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.

In corporate news, Reckitt Benckiser surged to the top of the FTSE 100 after its subsidiary Mead Johnson was cleared of liability in a US trial investigating whether it - and Abbott - hid bowel disease risks associated with premature-baby formula.

Markets

the close

FTSE 100 8,179 +0.86%

FTSE 250 20,485 +0.47%

DAX 19,271 +1.02%

16:30

Dow Jones 42,221 +1.10%

S&P 500 5,762 +1.00%

NASDAQ 18,316 +1.22%

Fixed Income

UK 10-YR YIELD 4.478

Exchange Rates

GBP/USD 1.295

GBP/EUR 1.193

Commodities

Gold $2,744 +0.03%

Brent $73.40 (-0.77%)

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.