Tuesday,23 January 2024 08:20:16

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Tuesday,23 January 2024 at 08:20

UK & European stocks rose at the open following another record close on Wall Street, as investors mulled the latest UK borrowing figures.

Hong Kong stocks rebounded to lead gains in Asia markets, while Japan’s Nikkei 225 index was marginally lower after the Bank of Japan kept its monetary policy unchanged in its first policy meeting of the year.

Gold prices rose, as the U.S. dollar softened while investors awaited interest rate decisions from a number of central banks and a slew of economic data in the United States this week.

Oil prices were little changed as traders weighed a host of conflicting supply and demand worries, from rising tensions in the Middle East to cold weather woes disrupting production in the United States.

In corporate news, Vistry Group announced that its Countryside Partnerships division has been chosen as the preferred developer by the Greater London Authority to construct 739 mixed-tenure homes in Colindale, Barnet, under a £276m development scheme.

The firm said the project would include 427 affordable homes, making up 60% of the development, with a mix of affordable rent, social rent, and shared ownership properties.

Markets

08:15

FTSE 100 7,500 +0.17%

FTSE 250 19,098 +0.12%

DAX 16,733 +0.30%

the close

Dow Jones 38,001 +0.36%

S&P 500 4,850 +0.22%

NASDAQ 15,360 +0.32%

Fixed Income

UK 10-YR YIELD 3.918

Exchange Rates

GBP/USD 1.273

GBP/EUR 1.167

Commodities

Gold $2,030 +0.44%

Brent $80.16 +0.39%

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.