Friday,31 January 2025 16:32:45

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Friday,31 January 2025 at 16:27

UK & Europe markets closed mixed.

Wall Street was moving higher still shortly after the open, on the back of slightly better-than-expected readings for US consumption and on the outlook for inflation.

Oil prices were steady but on course for a weekly decline as markets wait to see if U.S. President Donald Trump follows through on his threat to impose tariffs on Mexico and Canada this weekend.

Gold prices scaled an all-time high, briefly touching the $2,800 mark, as market participants rushed to the safe-haven asset after U.S. President Donald Trump reiterated his tariff threats.

In corporate news, US oil giant Exxon Mobil fourth quarter profits beat estimates, despite weaker oil prices and refining margins, driven by increased production in the Permian basin at home, and in Guyana.

The company reported adjusted earnings of $7.61bn for the three months to December 31, or $1.67 a share, beating estimates of $1.56.

Revenue came in at $83.43bn for the period, missing estimates of $87.12bn.

Net production hit 4.6 million oil-equivalent barrels per day during the quarter, up 20,000 compared with the previous quarter.

Markets

the close

FTSE 100 8,679 +0.38%

FTSE 250 20,937 +0.64%

DAX 21,699 (-0.13%)

16.30

Dow Jones 44,901 +0.05%

S&P 500 6,118 +0.79%

NASDAQ 19,955 +1.39%

Fixed Income

UK 10-YR YIELD 4.543

Exchange Rates

GBP/USD 1.242

GBP/EUR 1.195

Commodities

Gold $2,805 +0.44%

Brent $75.97 (-0.05%)

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.