Wednesday,05 March 2025 08:27:20

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Wednesday,05 March 2025 at 08:22

UK and European stocks are heading for a higher open amid optimism that U.S. President Donald Trump’s 25% duties on Canada and Mexico could be relaxed, with investors also paying close attention to the potential reform of Germany’s contentious debt brake system.

Asia-Pacific markets were mostly higher as investors assessed China growth and inflation targets amid U.S. tariffs and escalating global trade tensions weighing down sentiment.

Oil held losses after Commerce Secretary Howard Lutnick said the Trump administration could walk back some tariffs on Mexico and Canada, injecting more uncertainty into global markets.

Gold price climbs amid a soft US Dollar as the trade war between the United States (US), Canada, Mexico and China escalates with new tariffs taking effect on Tuesday.

In corporate news, Games Workshop lifted guidance for the full year, saying trading in January and February had been ahead of expectations, with strong trading across both the core business and licensing.

Elsewhere, wealth management outfit Quilter lifted its full-year dividend by 13% after a strong end to 2024, as the company reported double-digit profit growth and a big increase in assets under management and administration.

Chief executive Steven Levin said 2024 was an “excellent year in terms of net inflows, revenue momentum, cost discipline and profit growth”.

Markets

At 08:20

FTSE 100 8,810 +0.59%

FTSE 250 20,254 +1.52%

DAX 22,819 +2.20%

At the close

Dow Jones 42,520 (-1.55%)

S&P 500 5,778 (-1.22%)

NASDAQ 18,285 (-0.35%)

Fixed Income

UK 10-YR YIELD 4.613

Exchange Rates

GBP/USD 1.285

GBP/EUR 1.202

Commodities

Gold $2,921 +0.17%

Brent $70.82 (-0.32%)

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.