Friday,19 January 2024 17:00:40

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Friday,19 January 2024 at 17:00

UK and European stock markets closed mixed, erasing gains through the morning and previous session.

The dollar was on track to rise for the week, adding to solid gains so far this year, as the U.S. economy and pushback from central bankers has caused traders to dial down expectations of swift falls in interest rates.

Oil was flat but headed for a weekly gain, as traders assess Middle East tensions and oil output disruptions caused by cold weather in the U.S.

Gold drifted higher but was set to log its biggest weekly decline in six after the Federal Reserve countered wider market expectations of an early interest rate cut.

Aerospace parts manufacturer Kaman said on Friday that it has agreed to be taken private by Arcline Investment Management in a $1.8bn deal.

Under the terms of the agreement, Kaman shareholders will receive $46 per share in cash, which is premium of around 105% to the closing price on Thursday.

Markets

At the close

FTSE 100 7,461 +0.04%

FTSE 250 18,871 (-0.40%)

DAX 16,555 (-0.07%)

At 16:55

Dow Jones 37,601 +0.36%

S&P 500 4,799 +0.38%

NASDAQ 15,129 +0.49%

Fixed Income

UK 10-YR YIELD 3.936

Exchange Rates

GBP/USD 1.267

GBP/EUR 1.164

Commodities

Gold $2,024 +0.11%

Brent $78.64 (-0.33%)

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.