Wednesday,05 March 2025 15:50:12

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Wednesday,05 March 2025 at 15:44

UK & European markets were positive in the afternoon trade.

Wall Street trading got off to a mixed start after Commerce Secretary Howard Lutnick said that the US might meet Canada and Mexico "in the middle" to "work something out" on tariffs.

Gold was little changed despite a lower dollar as investors held back from making large bets ahead of the release of U.S. payrolls data later this week, although trade war jitters kept prices above the key level of $2,900 per ounce.

Oil prices declined for a third day, as investors worried about OPEC+ plans to proceed with output increases in April, and U.S. President Donald Trump's tariffs on Canada, China and Mexico escalated trade tensions.

In corporate news, Microsoft's $13.0bn tie-up with OpenAI has been cleared by the UK's Competition and Markets Authority, with the watchdog stating the investment didn't meet the threshold for a full-scale merger investigation.

The CMA stated that while Microsoft gained "material influence" over OpenAI through its initial 2019 investment, it said the tech behemoth had not acquired "de facto control". As a result, the deal did not qualify for review under UK merger laws.

Markets

15:45

FTSE 100 8,788 +0.34%

FTSE 250 20,181 +1.16%

DAX 23,067 +3.32%

15:45

Dow Jones 42,608 +0.21%

S&P 500 5,774 (-0.06%)

NASDAQ 18,272 (-0.07%)

Fixed Income

UK 10-YR YIELD 4.66

Exchange Rates

GBP/USD 1.285

GBP/EUR 1.195

Commodities

Gold $2,920 +0.14%

Brent $68.83 (-3.17%)

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.