Thursday,14 November 2024 16:32:50

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Thursday,14 November 2024 at 16:28

UK & European stocks were mostly in the green at the close.

Wall Street trading got off to a mixed start as investors digested another batch of inflation data.

Gold prices fell to a two-month low, pressured by a strong dollar rally, though traders have not lost confidence in a December rate cut following the latest U.S. economic data.

Oil prices were largely steady, with traders holding fire after declines earlier this week on a stronger U.S. dollar and worries about rising supply amid slow demand growth.

In corporate news, Disney's stock price jumped after the media and entertainment giant impressed with its fourth-quarter earnings, helped by blockbuster releases Deadpool & Wolverine and Inside Out 2, and published bullish guidance for the next financial year.

Adjusted earnings per share was up 39% year-on-year in the fourth quarter ended 28 September at $1.14, compared with the $1.10 expected by the market. Total operating income increased by 23% to $3.66bn.

Markets

the close

FTSE 100 8,070 +0.49%

FTSE 250 20,514 +0.76%

DAX 19,260 +1.35%

16:30

Dow Jones 43,957 0.00%

S&P 500 5,979 (-0.10%)

NASDAQ 19,198 (-0.17%)

Fixed Income

UK 10-YR YIELD 4.486

Exchange Rates

GBP/USD 1.271

GBP/EUR 1.201

Commodities

Gold $2,575 +0.11%

Brent $72.44 +0.64%

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.