Tuesday,03 December 2024 08:20:06

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.

Tuesday,03 December 2024 at 08:15

UK & European markets opened higher, with investors keeping an eye on political upheaval in France this week.

Asian stocks jumped led by an outperforming tech sector following record highs on Wall Street overnight, while the dollar recovered lost ground against major rivals as traders weighed the outlook for U.S. interest rates.

Gold prices were steady as investors took a cautious stance ahead of the upcoming U.S. economic data that could provide insights into the Federal Reserve's interest rate path.

Oil prices nudged higher but remained within a narrow trading range, as traders awaited the outcome of an OPEC+ meeting later this week.

In corporate news, HgCapital Trust announced the sale of its investment in Dext Software, a bookkeeping automation platform, to Iris Software Group for an undisclosed sum on Tuesday. The transaction valued HgCapital’s share of Dext at £32.7m, representing a 13% uplift over its last reported valuation, and contributed to a pro-forma net asset value of £2.4bn. Iris was aiming to integrate Dext with its own platform for accountants and businesses.

Markets

08:15

FTSE 100 8,347 +0.41%

FTSE 250 20,853 +0.41%

DAX 19,951 +0.09%

at the close

Dow Jones 44,782 (-0.29%)

S&P 500 6,047 +0.24%

NASDAQ 19,403 +0.97%

Fixed Income

UK 10-YR YIELD 4.242

Exchange Rates

GBP/USD 1.268

GBP/EUR 1.206

Commodities

Gold $2,640 +0.08%

Brent $72.30 +0.57%

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.