Tuesday,26 November 2024 08:20:02

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Tuesday,26 November 2024 at 08:15

UK & European stocks fell at the open following a mostly downbeat session in Asia, after Donald Trump announced plans to impose tariffs against Canada, Mexico and China.

Asia-Pacific markets traded mixed, in contrast to Wall Street, which saw U.S. benchmarks notching record highs following President-elect Donald Trump’s choice for Treasury secretary.

Oil prices edged higher in early trade after falling in the previous session as investors took stock of a potential ceasefire between Israel and Hezbollah, weighing on oil's risk premium.

Gold prices held steady after dropping more than 3% in the previous session.

In corporate news, Compass Group reported a 10.6% improvement in full-year revenue to $42.2bn, with underlying operating profit rising 16.4% to $2.998bn, supported by a 30-basis-point improvement in its operating margin to 7.1%.

The company said it invested $2.6bn in growth initiatives through the 12 months ended 30 September, while returning $1.5bn to shareholders through dividends and buybacks, and maintaining a strong balance sheet with net debt at 1.3x EBITDA.

Looking ahead, Compass said it expected high single-digit profit growth in 2025, driven by organic revenue growth above 7.5% and further margin progression.

Markets

08:15

FTSE 100 8,254 (-0.45%)

FTSE 250 20,615 (-0.64%)

DAX 19,308 (-0.50%)

the close

Dow Jones 44,736 +0.99%

S&P 500 5,987 +0.30%

NASDAQ 19,054 +0.27%

Fixed Income

UK 10-YR YIELD 4.354

Exchange Rates

GBP/USD 1.254

GBP/EUR 1.197

Commodities

Gold $2,616 (-0.31%)

Brent $72.61 +0.14%

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.