Wednesday,15 January 2025 08:20:10

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.

Wednesday,15 January 2025 at 08:15

UK & European stocks rose at the open following a mostly positive US session, as investors mulled the latest UK inflation reading.

Asia-Pacific markets mostly fell, following a softer-than-expected inflation data from the U.S. that sent two key Wall Street benchmarks higher overnight.

Gold prices edged lower as caution prevailed ahead of the U.S. consumer price inflation report that could provide more clarity on the Federal Reserve’s interest rate trajectory.

Oil prices were little changed, after falling the previous day, as a dip in U.S. crude stockpiles and expectations of supply disruptions from sanctions on Russian tankers lent support amid forecasts for lower global fuel demand.

In corporate news, Currys raised full-year profit guidance on Wednesday after the electricals retailer after the retailer reported a strong performance over Christmas and Black Friday with a 2% rise in UK underlying sales as consumers bought more laptops and mobile phones.

The company said it expected adjusted profit before tax of £145m - £155m, compared with forecasts of £140m and up 31% year on year.

A strengthened balance sheet meant the company expects to resume dividend payments with a distribution of 1.3p a share alongside full-year results in July, Currys said.

Markets

08:15

FTSE 100 8,253 +0.64%

FTSE 250 20,031 +1.34%

DAX 20,300 +0.15%

the close

Dow Jones 42,518 +0.52%

S&P 500 5,842 +0.11%

NASDAQ 19,044 (-0.23%)

Fixed Income

UK 10-YR YIELD 4.824

Exchange Rates

GBP/USD 1.223

GBP/EUR 1.185

Commodities

Gold $2,684 +0.25%

Brent $79.78 +0.09%

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.