Monday,22 January 2024 08:20:10

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Monday,22 January 2024 at 08:20

UK & European stocks rose at the open following solid gains on Wall Street at the end of last week.

Asia-Pacific markets were mixed as China kept its loan prime rates unchanged, as expected.

Gold prices were little changed, as traders cautiously awaited fresh data on the U.S. economy and the Federal Reserve’s preferred inflation gauge due later this week, leading up to the central bank’s interest rate decision next week.

Oil prices fell for a second day as economic headwinds pressured the global oil demand outlook and outweighed geopolitical concerns in the Middle East and an attack on a Russian fuel export terminal over the weekend.

In corporate news, caterer Compass Group was likely to be in focus following a report over the weekend that it’s in advanced talks to take over a rival business which provides hospitality services at landmark venues including Kew Gardens and the Royal Opera House.

According to Sky News, Compass was putting the finishing touches at the weekend to a deal worth more than £400m to acquire CH&Co, a private equity-backed company.

Markets

08:15

FTSE 100 7,501 +0.53%

FTSE 250 19,011 +0.74%

DAX 16,687 +0.80%

the close

Dow Jones 37,863 +1.05%

S&P 500 4,839 +1.23%

NASDAQ 15,310 +1.70%

Fixed Income

UK 10-YR YIELD 3.892

Exchange Rates

GBP/USD 1.269

GBP/EUR 1.165

Commodities

Gold $2,022 (-0.33%)

Brent $78.00 (-0.43%)

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.