Tuesday,14 January 2025 08:19:59

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,14 January 2025 at 08:15

UK & European stocks were set for a flat open as investors eyed the release of the latest US inflation reading.

Asia-Pacific markets mostly rose after a mixed session on Wall Street that saw the Dow soar and the Nasdaq slip as investors rotated out of tech stocks.

Oil prices slipped at market open but remained near four-month highs as Chinese and Indian buyers sought new suppliers in the wake of the Biden administration’s toughest sanctions yet on Russian oil.

Gold prices gained, buoyed by uncertainty surrounding the incoming Trump administration’s policies and investor positioning ahead of crucial U.S. data that will offer insights into the Federal Reserve’s policy path.

In corporate news, Ocado Retail delivered a strong finish to its financial year, with sales growth accelerating in the fourth quarter as weekly orders reached a milestone of 500,000 for the first time.

The company, which is the grocery joint venture between Ocado Group and M&S, reported retail revenues of £715.8m for the 13 weeks to 1 December, up 17.5% year-on-year and a pick-up from the 15.5% growth seen in the third quarter.

Volumes were up 17% on last year at 271.6m items, while active customers increased 12.1% to 1.12m. Average basket value, selling prices and basket size also all rose on last year, albeit only marginally.

Markets

08:15

FTSE 100 8,222 (-0.02%)

FTSE 250 19,831 +0.57%

DAX 20,270 +0.68%

the close

Dow Jones 42,297 +0.86%

S&P 500 5,836 +0.16%

NASDAQ 19,088 (-0.38%)

Fixed Income

UK 10-YR YIELD 4.850

Exchange Rates

GBP/USD 1.222

GBP/EUR 1.191

Commodities

Gold $2,670 +0.29%

Brent $79.92 (-0.36%)

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.