Tuesday,19 November 2024 09:11:07

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Tuesday,19 November 2024 at 09:07

UK & European stocks gained at the open following a positive session in Asia and a mostly higher close on Wall Street.

Asian stocks rose while U.S. bond yields and the dollar hung back from multi-month highs as traders awaited President-elect Donald Trump's cabinet selection and sought to gauge the outlook for Federal Reserve easing.

Gold prices climbed to a one-week high, buoyed by a softer U.S. dollar, while the market awaited comments from Federal Reserve officials for cues on the U.S. interest rate outlook.

Oil prices edged up, extending the previous day's rally driven by a halt in production at Norway's Johan Sverdrup oilfield, though investors remained cautious amid fears of an escalation in the Russia-Ukraine war.

In UK corporate news, events and digital services group Informa reaffirmed its recently upgraded full-year guidance and said strong forward bookings were providing momentum into 2025.

The company forecast double-digit underlying revenue growth - updated for the now completed Ascential acquisition - and currency movements, which would take full year group revenue guidance to at least £3.5bn and adjusted operating profit to £975m.

Markets

09:10

FTSE 100 8,121 +0.15%

FTSE 250 20,409 +0.07%

DAX 19,101 (-0.48%)

At the close

Dow Jones 43,389 (-0.13%)

S&P 500 5,893 (-0.39%)

NASDAQ 18,791 +0.60%

Fixed Income

UK 10-YR YIELD 4.430

Exchange Rates

GBP/USD 1.265

GBP/EUR 1.196

Commodities

Gold $2,626 +0.58%

Brent $72.63 (-0.39%)

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.