Thursday,06 March 2025 16:34:38

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Thursday,06 March 2025 at 16:29

UK & European markets traded lower, after the European Central Bank announced another interest rate cut that had been widely expected.

US indices were in the red early on amid ongoing uncertainty regarding Donald Trump's latest tariff announcements.

Gold prices dipped due to rising U.S. Treasury yields and profit-taking, while market attention turned to payrolls data for insights into the Federal Reserve's monetary policy move.

Oil prices rose slightly, recovering slightly from a multi-year low, though Brent was still below $70 under pressure from trade tariffs between the United States, Canada, Mexico and China and OPEC+ plans to raise output.

In corporate news, Rolls-Royce chief executive officer Tufan Erginbilgic saw his pay package drop by nearly £10m in 2024, it emerged on Thursday, despite leading the company through a dramatic financial turnaround.

His total remuneration fell to £4.1m from £13.6m in the prior year, largely due to the expiration of a one-time £7.5m share award he received upon joining Rolls-Royce to compensate for lost earnings from his previous role

Markets

the close

FTSE 100 8,690 (-0.75%)

FTSE 250 20,166 +0.19%

DAX 23,466 +1.67%

16:30

Dow Jones 42,902 (-0.24%)

S&P 500 5,806 (-0.63%)

NASDAQ 18,397 (-0.83%)

Fixed Income

UK 10-YR YIELD 4.644

Exchange Rates

GBP/USD 1.290

GBP/EUR 1.191

Commodities

Gold $2,918 (-0.03%)

Brent $68.94 (-0.52%)

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.