Thursday,16 January 2025 16:33:06

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Thursday,16 January 2025 at 16:28

UK & European markets rose.

Wall Street stocks were in the red early as Q4 earnings season began to pick up steam.

Gold prices rose to a more-than-one-month high after the latest U.S. economic data pressured the Treasury yields further, following a soft-core inflation reading this week that increased bets for a more dovish Federal Reserve policy.

Oil prices fell back slightly, a day after settling at multi-month highs on U.S. President Joe Biden's latest sanctions targeting Russia and a larger than forecast fall in U.S. crude stocks.

In corporate news, Symbotic surged after saying it has agreed to buy Walmart’s Advanced Systems and Robotics business for $200m.

The US robotics warehouse automation company said the deal expands the long-standing relationship between Walmart and Symbotic, with the aim of developing an integrated automated supply chain.

Walmart has chosen Symbotic to develop, build and deploy an advanced solution leveraging Symbotic’s A.I.-enabled robotics platform to offer Walmart customers greater shopping convenience through accelerated online pickup and delivery options at stores.

Markets

the close

FTSE 100 8,388 +1.05%

FTSE 250 20,513 +0.88%

DAX 20,606 +0.15%

16:30

Dow Jones 43,176 (-0.10%)

S&P 500 5,957 +0.12%

NASDAQ 19,511 +0.00%

Fixed Income

UK 10-YR YIELD 4.669

Exchange Rates

GBP/USD 1.223

GBP/EUR 1.187

Commodities

Gold $2,719 +0.87%

Brent $79.90 (-2.11%)

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.