Wednesday,29 January 2025 08:34:46

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Wednesday,29 January 2025 at 08:39

UK and European markets opened in mixed territory as global jitters over artificial intelligence tech rivalry between the U.S. and China ease.

Asian stocks advanced to follow Wall Street’s tech-led rebound from a selloff that shook global markets, as focus turns to the Federal Reserve’s rate decision and US mega-cap earnings.

Oil prices steadied as investors weighed the impact of potential U.S. tariffs on Canadian and Mexican imports, while largely shrugging off an increase in U.S. weekly crude inventory.

Gold prices were little changed as market participants awaited the U.S. interest rate verdict, while the spotlight was also on President Donald Trump’s trade policies amid fresh tariff threats.

WH Smith posted a 4% jump in revenue for the 21 weeks to 25 January as it hailed strong momentum in the travel business, while high street sales fell as expected.

Total travel revenue rose 8% at constant currency and 6% on a like-for-like basis, while revenue from the high street business fell 6% and 3%, respectively.

Markets

At 08:30

FTSE 100 8,536 +0.03%

FTSE 250 20,613 +0.12%

DAX 21,513 + 0.39%

At The Close

Dow Jones 44,850 +0.31%

S&P 500 6,067 +0.92%

NASDAQ 19,733 +2.03%

Fixed Income

UK 10-YR YIELD 4.581

Exchange Rates

GBP/USD 1.245

GBP/EUR 1.194

Commodities

Gold $2,763 +0.02%

Brent $77.49 (-0.71%)

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.