Friday,12 January 2024 16:58:41

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Friday,12 January 2024 at 17:00

UK and European markets closed higher as investors digested fresh U.K. economic data and a fall in U.S. wholesale inflation.

The dollar index gave up earlier gains after U.S. producer prices unexpectedly fell in December.

Oil prices rose as the United States and Britain carried out strikes against Houthi military targets in Yemen in retaliation for attacks by the Iran-backed group on shipping in the Red Sea.

Gold eased as hawkish remarks from Federal Reserve officials fuelled worries that higher interest rates could stay unchanged beyond March.

Air Astana expects to go ahead with its initial public offering on both the London and Kazakhstan stock exchanges, which will likely come alongside a sale of existing shares and global depositary receipts held by BAE Systems.

The offering will include an issue of new shares and GDRs, in addition to the sale of those held by BAE Systems and the Kazakhstan Sovereign Wealth Fund.

Markets

At the close

FTSE 100 7,624 +0.64%

FTSE 250 19,197 +0.47%

DAX 16,690 +0.87%

At 16:50

Dow Jones 37,562 (-0.39%)

S&P 500 4,783 +0.07%

NASDAQ 14,986 +0.11%

Fixed Income

UK 10-YR YIELD 3.793

Exchange Rates

GBP/USD 1.274

GBP/EUR 1.162

Commodities

Gold $2,051 +1.11%

Brent $78.39 +0.08%

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.