Monday,06 January 2025 08:19:36

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Monday,06 January 2025 at 08:15

UK & European markets started the new trading week mostly higher.

Asia-Pacific markets mostly fell as investors assessed business activity figures from several key economies in the region.

Gold prices inched higher, supported by a softer dollar, while investors awaited a slew of U.S. economic data including the December nonfarm payrolls report for further guidance on the Federal Reserve’s interest rate stance.

Oil prices hovered at their highest since October as investors eyed the impact on global fuel demand from colder weather in the Northern Hemisphere and Beijing’s economic stimulus measures.

In corporate news, UK and US-listed oil group Diversified Energy Company has announced the acquisition of several assets in America's Appalachian Basin, across Virginia, West Virginia and Alabama, which it says will complement existing operations and provide synergies to improve margins.

The company is spending $45m on the assets, which currently produce around 12m cubic feet equivalent (natural gas) – equivalent to 2m barrels of oil equivalents – per day.

Three fifths of acquired production comes from 300 net producing wells located in Virginia and West Virginia, while the remaining assets comprise 265 net producing coal mine methane wells in Alabama.

Markets

08:15

FTSE 100 8,215 (-0.11%)

FTSE 250 20,631 +0.19%

DAX 19,983 +0.39%

the close

Dow Jones 42,732 +0.80%

S&P 500 5,942 +1.26%

NASDAQ 19,621 +1.77%

Fixed Income

UK 10-YR YIELD 4.630

Exchange Rates

GBP/USD 1.245

GBP/EUR 1.205

Commodities

Gold $2,627 (-0.40%)

Brent $76.00 (-0.61%)

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.