Monday,10 March 2025 08:10:51

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Monday,10 March 2025 at 08:07

UK and European markets are expected to see a positive start to the new trading week after recent global market uncertainty and volatility. Regional markets closed in negative territory last Friday, rounding off a volatile week marked by whipsawing policy on U.S. tariffs, the latest rate cut from the European Central Bank and key U.S. jobs data which showed nonfarm payrolls rose by a less-than-expected 151,000 in February.

Asia-Pacific markets were mixed after a volatile trading week around the world. Over the weekend, China’s consumer inflation dropped below zero for the first time in 13 months due to seasonal distortions and deflationary pressures. The consumer price index declined 0.7% in February from a year earlier, compared with a 0.5% gain in the previous month, data from the National Bureau of Statistics revealed.

Assura said it was minded to recommend an improved, £1.61bn cash takeover proposal from investment firms KKR and Stonepeak.
The consortium has offered 49.4p per share, which is 2.9% increase on the previous proposal of 48p per share.

Elsewhere, Deliveroo said it had decided to exit its Hong Kong operations through a sale of certain assets to Foodpanda and the closure of other assets.

Great Portland Estates said it had secured its largest fully managed deal to date, letting more than 11,500 sq ft of office space to FTSE 100 retailer Next in central London on a five-year term.

Markets

AT 08:05

FTSE 100 8,688 +0.08%

FTSE 250 20,206 +0.33%

DAX 23,008 (-1.75%)

AT THE CLOSE

Dow Jones 42,801 +0.52%

S&P 500 5,770 +0.55%

NASDAQ 18,196 +0.70%

Fixed Income

UK 10-YR YIELD 4.597

Exchange Rates

GBP/USD 1.288

GBP/EUR 1.191

Commodities

Gold $2,909 (-0.03%)

Brent $70.34 +0.01%

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.