Thursday,21 November 2024 08:30:30

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Thursday,21 November 2024 at 08:28

UK and European stocks opened mixed, amid weak global market sentiment, as investors focused on earnings releases and upcoming data.

Asia-Pacific markets fell with investors watching tech shares in the region after chipmaker Nvidia reported better-than-expected results.

Oil prices climbed as geopolitical concerns over escalating tensions between Russia and Ukraine outweighed the impact of a bigger-than-expected increase in U.S. crude inventories.

Gold price climbs fuelled by geopolitical risks stemming from the worsening Russia-Ukraine war, which tends to benefit the safe-haven precious metal.

In corporate news, shares of Nvidia Corp dropped around 3 percent in the extended trading on Wednesday evening after the AI chipmaker warned on weak gross margin in its fourth quarter.

Nvidia reported a 94% year-on-year surge in revenue for the third quarter to $35.08 billion. However, that is still a consecutive slowdown from the previous three quarters, when sales rose 122%, 262%, and 265%, respectively.

Net income during the quarter rose to $19.3 billion, versus $9.24 billion in the same period a year ago.

Markets

At 08.28

FTSE 100 8,097 +0.16%

FTSE 250 20,255 +0.05%

DAX 19,019 +0.08%

At the close

Dow Jones 43,408 +0.32%

S&P 500 5,917 +0.00%

NASDAQ 18,966 (-0.11%)

Fixed Income

UK 10-YR YIELD 4.444

Exchange Rates

GBP/USD 1.263

GBP/EUR 1.200

Commodities

Gold $2,666 +0.63%

Brent $73.50 +0.97%

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.