Monday,13 January 2025 08:21:10

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Monday,13 January 2025 at 08:16

UK & European stocks started the new trading week in mixed territory, as jitters over the global economy persist.

Asia-Pacific markets traded lower, after U.S. jobs report on Friday dampened investors’ hopes for early interest rate cuts by the Federal Reserve.

Gold prices edged lower as a stronger-than-expected U.S. jobs report reinforced the Federal Reserve's cautious stance on rate cuts and boosted the U.S. dollar, weighing on the bullion.

Oil prices extended gains for a third session, with Brent rising above $80 a barrel to its highest in more than four months, as wider U.S. sanctions are expected to affect Russian crude exports to top buyers China and India.

In corporate news, property group Great Portland Estates has announced that broadcaster ITN has renewed two leases at its media hub near Farringdon, committing to a further 10 years.

ITN has renewed both of its leases for 117,000 square feet of workspace at 200 and 214 Gray's Inn Road in WC1, occupying 40% of the total floor area across the two properties where it produces news programming for ITV, Channel 4 and Channel 5.

The broadcaster has committed to annual rent of £4.1m from March 2025, with a break in the contract at year five.

Markets

08:15

FTSE 100 8,224 (-0.29%)

FTSE 250 19,746 +0.06%

DAX 20,155 (-0.29%)

the close

Dow Jones 41,938 (-1.63%)

S&P 500 5,827 (-1.54%)

NASDAQ 19,161 (-1.63%)

Fixed Income

UK 10-YR YIELD 4.885

Exchange Rates

GBP/USD 1.214

GBP/EUR 1.188

Commodities

Gold $2,687 (-0.09%)

Brent $80.49 +1.55%

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.