Wednesday,06 November 2024 08:26:20

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Wednesday,06 November 2024 at 08:23

UK and European stocks opened higher as global markets focused on the vote count following the U.S. presidential election.

Asia-Pacific markets were mixed after Wall Street surged overnight ahead of the U.S. presidential election results.

Oil prices fell as much as 2% after two sessions of gains, as the dollar surged on projections that Republican Donald Trump had won the U.S. presidential election, and as U.S. crude stocks rose more than forecast.

Gold held steady as investors keenly awaited the outcome of a tightly contested U.S. presidential race.

In corporate news, Marks & Spencer reported better-than-expected first-half profits as it said the food and clothing segments have now delivered market share growth for four consecutive years.

In the 26 weeks to 28 September, profit before tax and adjusting items rose 17.2% to £407.8m, coming in ahead of consensus expectations of £361m.

Statutory revenue was up 5.7% to £6.5bn, with food sales 8.1% higher and clothing and home sales up 4.7%.

Markets

At 8.23

FTSE 100 8,282 +1.34%

FTSE 250 20,751 +1.97%

DAX 19,422 +0.97%

At the close

Dow Jones 42,221 +1.02%

S&P 500 5,782 +1.23%

NASDAQ 18,439 +1.43%

Fixed Income

UK 10-YR YIELD 4.511

Exchange Rates

GBP/USD 1.287

GBP/EUR 1.198

Commodities

Gold $2,731 (-0.44%)

Brent $74.20 (-1.61%)

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.