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.
Wednesday,24 January 2024 at 16:55
UK and European markets were higher as preliminary purchasing managers’ index data showed improved activity in the euro zone in January.
The dollar dropped as the yen jumped on expectations that Japan’s ultra-easy monetary policy will soon end, while the euro, sterling and yuan also rallied.
Oil prices edged lower, weighed down by concerns over tepid demand even though escalating geopolitical tensions limited the losses.
Gold eased after data showed strong U.S. business activity while investors looked ahead to more economic indicators to assess when the Federal Reserve might first cut interest rates.
Uranium investor Yellow Cake reported a robust performance for the December quarter on Wednesday, as its value reached and surpassed the $2bn level.
The company said the global uranium market was continuing to grapple with supply constraints due to limited inventories, geopolitical tensions like the Russia-Ukraine conflict, production delays, and increasing demand.
Markets
At the close
FTSE 100 7,527 +0.56%
FTSE 250 19,171 +0.94%
DAX 16,889 +1.58%
At 16:50
Dow Jones 38,032 +0.33%
S&P 500 4,894 +0.62%
NASDAQ 15,566 +0.91%
Fixed Income
UK 10-YR YIELD 4.020
Exchange Rates
GBP/USD 1.274
GBP/EUR 1.169
Commodities
Gold $2,013 (-0.78%)
Brent $80.49 +1.44%
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.
We use cookies to improve your experience on our website. By continuing to browse, you agree to our use of cookies. Cookie Policy
CLIENT LOGIN
CLIENT LOGIN
