Monday,13 January 2025 16:32:44

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.

Monday,13 January 2025 at 16:28

European markets were lower on Monday amid persisting jitters over the global economy and a surging U.S. dollar.

U.S. stocks dropped on Monday, with the benchmark S&P 500 at a two-month low as bond yields surged after robust payroll numbers last week, boosting expectations that the Federal Reserve will maintain a hawkish stance for most of this year.

Oil extended gains for a third session on Monday, with Brent crude rising above $80 a barrel to its highest in more than four months, driven by wider U.S. sanctions on Russian oil and the expected effects on exports to top buyers India and China.

Gold prices dipped on Monday as the U.S. dollar soared to an over two-year high after a robust jobs report last week cemented expectations the Federal Reserve will proceed with caution with cutting interest rates this year.

GSK was a touch weaker as it announced the acquisition of US-based biopharmaceutical company IDRx for up to $1.15bn.

Ladbrokes owner Entain surged as it reiterated its guidance for FY24 EBITDA. The shares were hit last week after rival Flutter Entertainment downgraded its US guidance due to unfavourable sports results.

Markets

At the Close

FTSE 100 8,227 (-0.25%)

FTSE 250 19,732 (-0.01%)

DAX 20,154 (-0.30%)

AT 16:30

Dow Jones 42,074 +0.32%

S&P 500 5,792 (-0.59%)

NASDAQ 18,891 (-1.41%)

Fixed Income

UK 10-YR YIELD 4.879

Exchange Rates

GBP/USD 1.215

GBP/EUR 1.191

Commodities

Gold $2,666 (-0.87%)

Brent $81.212 +1.84%

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.