Friday,22 November 2024 08:29:05

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.

Friday,22 November 2024 at 08:25

London stocks rise this morning as investors mulled an improvement in consumer confidence but a bigger-than-expected drop in retail sales.

Germany's economy escaped a technical recession in the third quarter of 2024, but growth still came in below forecasts, according to official figures out today from Destatis.

Asia-Pacific markets mostly rose tracking a rally on Wall Street that saw the S&P log gains for a fourth straight day.

Oil prices rose after Russia said it had fired a ballistic missile at Ukraine and warned of a broadening conflict, raising the prospect of tightening crude supplies.

Gold prices headed for their best week in a year supported by safe-haven demand amid further escalations in the Russia-Ukraine war, while investors assessed the outlook for U.S. interest rate cuts.

In corporate news, Warhammer maker Games Workshop lifted half-year guidance after trading in the last two months exceeded expectations.

The company forecast pre-tax profit of at least £120m for the six months to December 31, compared with £96.1m a year earlier. Core revenue was estimated at not less than £260m and licensing revenue of at least £30m.

Workspace Group reported a half year of growth, with net rental income rising 4.3% to £60.2m, alongside an increase in trading profit and a 4.4% hike to the dividend despite a marginal decline in like-for-like occupancy and portfolio valuation.

Trading profit came in at £32.7m for the six months ended 30 September, while the board raised the interim dividend to 9.4p per share.

Markets

At 8.25

FTSE 100 8,204 +0.68%

FTSE 250 20,455 +0.52%

DAX 19,270 +0.65%

At the close

Dow Jones 43,870 +1.06%

S&P 500 5,948 +0.53%

NASDAQ 18,972 +0.03%

Fixed Income

UK 10-YR YIELD 4.426

Exchange Rates

GBP/USD 1.257

GBP/EUR 1.200

Commodities

Gold $2,697 +1.06%

Brent $74.74 +1.09%

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.