Thursday,09 January 2025 08:33:55

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Thursday,09 January 2025 at 08:29

UK and European stocks are heading for a broadly positive open as global markets focus on the inflation outlook.

The U.S. dollar charged ahead underpinned by rising Treasury yields, putting the yen, sterling and euro under pressure near multi-month lows amid the shifting threat of tariffs.

Oil prices fell, pressured by large builds in U.S. fuel inventories last week, though concerns over tighter supplies from OPEC members and Russia capped the decline.

Gold prices retreated on profit-booking after hitting a near four-week peak in the last session, while focus shifted to jobs report due on Friday for clarity on the Federal Reserve’s 2025 interest rate path.

Discount retailer B&M European Value Retail announced a special dividend of £151m in a trading update on Thursday, after reporting a strong third-quarter as it narrowed its full-year guidance.

The firm noted robust gross margin performance, and a clean inventory exit position, setting a solid foundation for the seasonal transition in January.

Markets

AT 08:25

FTSE 100 8,261 +0.17%

FTSE 250 19,785 (-0.85%)

DAX 20,272 (-0.28%)

AT THE CLOSE

Dow Jones 42,635 +0.25%

S&P 500 5,918 +0.16%

NASDAQ 19,478 (-0.06%)

Fixed Income

UK 10-YR YIELD 4.830

Exchange Rates

GBP/USD 1.228

GBP/EUR 1.192

Commodities

Gold $2,664 +0.14%

Brent $75.98 +0.06%

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.