Monday,18 November 2024 16:39:12

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.

Monday,18 November 2024 at 16:38

European markets were lower on Monday, with investors turning their attention to regional inflation data and to Nvidia earnings due this week.

The FTSE100 Index rose on the back of positive earnings from Melrose and a recovery in the major mining stocks.

US stocks were mixed as the market looks to rebound from a sharp sell-off at the end of last week. The Nasdaq Composite rose 0.84%,boosted by a sharp rise in Tesla.

Gold prices rose on Monday after last week’s sharp declines, as a rally in the dollar paused, while market participants awaited comments from Federal Reserve officials this week for more clues on the U.S. interest rate path.

Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China and forecasts of a global oil surplus weighed on markets.

In market news:

Shares in electric carmaker Tesla surged following news that president-elect Donald Trump would look to establish a federal framework for fully self-driving vehicles.

Melrose rose sharply as the UK aerospace company reported a rise in revenues driven by aftermarket demand in its engines division, particularly in defence.Revenue rose 7% in the four months to October 31, with aftermarket up 32% year on year although original equipment (OE) volume growth remained constrained by industry-wide supply chain issues.

Markets

the close

FTSE 100 8,101 +0.47%

FTSE 250 20,384 (-0.45%)

DAX 19,176 (-0.16%)

16.33

Dow Jones 43,431 (-0.03%)

S&P 500 5,898 +0.48%

NASDAQ 18,842 +0.87%

Fixed Income

UK 10-YR YIELD 4.474

Exchange Rates

GBP/USD 1.264

GBP/EUR 1.196

Commodities

Gold $2,610 +1.85%

Brent $72.91 +2.90%

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.