Friday,31 January 2025 08:57:21

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Friday,31 January 2025 at 08:54

European stocks are seen opening broadly lower on Friday despite Apple posting a record revenue and Intel beating earnings and revenue expectations.

Asia markets mostly rose Friday after Wall Street rose overnight as investors assessed Big Tech earnings.

Oil prices rose on Friday as markets weigh the threat of tariffs by U.S. President Donald Trump on Mexico and Canada, the two largest crude exporters to the U.S., that could take effect this weekend.

Gold prices hit a record high on Friday and were set for a fifth consecutive weekly gain, as investors flocked to the safe-haven metal due to heightened U.S. tariff concerns, while awaiting a key inflation report due later in the day for further direction.

In corporate news, engineering business Smiths Group said it was selling its interconnect unit and planned to demerge or offload the detection operation as part of a strategic review that includes extending its share buyback to £500m.

Tritax Big Box reported a strong balance sheet in an update on Friday, with a loan-to-value ratio of 29% as of 31 December, down from 32% a year earlier. The company said its weighted average cost of debt rose slightly to 3.1%, though 93% of drawn debt remained fixed or hedged. Total available liquidity exceeded £500m, while weighted average debt maturity declined to 4.5 years from 5.2 years in 2023.

Markets

8:55

FTSE 100 8,678 +0.36%

FTSE 250 20,818 +0.07%

DAX 21,751 + 0.31%

At the close

Dow Jones 44,882 +0.38%

S&P 500 6,071 +0.53%

NASDAQ 19,681 +0.25%

Fixed Income

UK 10-YR YIELD 4.551

Exchange Rates

GBP/USD 1.241

GBP/EUR 1.195

Commodities

Gold $2,793 -(0.11%)

Brent $76.99 +0.16%

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.