Tuesday,11 March 2025 08:07:13

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

Tuesday,11 March 2025 at 08:02

UK and European markets are heading for a mixed open as global markets buckle amid anxiety that the U.S. economy will suffer because of President Donald Trump’s trade tariff policies.

Asia-Pacific markets slid, tracking losses in the U.S. following anxiety over tariff policy and a potential recession in the world's largest economy. Significant losses in the Nikkei 225 were seen in imaging and network technology operator Konica Minolta, which was down 6.98% and information and communication technology company Fujitsu, which lost 4.98%.

In corporate news, housebuilder Persimmon said its net private sales rate per outlet per week was up 14% in the first nine weeks of 2025 with a current private forward order book of £1.15bn, 27% higher year on year.

Underlying pre-tax profit for 2024 was up 10% to £395.1m as completions rose 7%.
"The underlying market fundamentals remain strong and we are encouraged by the further improvement in our sales rates in the early weeks of this year. The government's welcome planning reforms and pro-housebuilding agenda demands more of the high-quality, affordable homes which are Persimmon's core strength, providing a positive tailwind," Persimmon said.

Spirax Group managed to grow organic revenues across the board in 2024 despite industrial production growth being weaker than expected in the second half.

The thermal energy and fluid technology solutions company posted annual revenues of £1.67bn and an adjusted operating profit of £334m, both up 4% on an organic basis but 1% and 4% lower in reported terms, respectively, due to currency movements.

Markets

AT THE OPEN

FTSE 100 8,600 (-0.92%)

FTSE 250 19,875 (-1.26%)

DAX 22,620 (-1.69%)

AT THE CLOSE

Dow Jones 41,911 (-2.08%)

S&P 500 5,614 (-2.70%)

NASDAQ 17,468 (-4.00%)

Fixed Income

UK 10-YR YIELD 4.601

Exchange Rates

GBP/USD 1.291

GBP/EUR 1.184

Commodities

Gold $2,901 +0.43%

Brent $69.55 +0.53%

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.