Thursday,13 February 2025 16:36:32

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Thursday,13 February 2025 at 16:31

UK & European stocks were broadly higher, amid a flurry of earnings and economic data and rising hopes of an end to the Russia-Ukraine war.

US stocks were slightly higher at the opening bell as traders digested wholesale inflation data and further tariff headlines.

Gold prices climbed due to escalating concerns about U.S. President Donald Trump's impending tariff plans, which could further strain global trade relations.

Oil prices fell as a potential peace deal between Russia and Ukraine continued to exert downward pressure, along with rising crude inventories in the United States.

In corporate news, Coca-Cola HBC rallied after saying it expects organic operating profit to rise by 7% to 11% this year amid a "challenging" macroeconomic environment.

The bottling company, 20% owned by the drinks brand of the same name, also said organic revenue was forecast to grow 6% - 8% in the year, compared with average market expectations of 7.3% in a company-compiled poll.

Average analyst forecasts tipped 10.7% average growth in 2025 organic earnings before interest and taxes (EBIT).

Markets

the close

FTSE 100 8,758 (-0.55%)

FTSE 250 20,934 +0.26%

DAX 22,596 +2.02%

16:30

Dow Jones 44,502 +0.30%

S&P 500 6,088 +0.60%

NASDAQ 19,853 +1.03%

Fixed Income

UK 10-YR YIELD 4.49

Exchange Rates

GBP/USD 1.253

GBP/EUR 1.200

Commodities

Gold $2,917 +0.48%

Brent $75.06 +0.23%

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.