Tuesday,30 January 2024 08:20:27

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Tuesday,30 January 2024 at 08:20

UK & European stocks rose at the open following solid gains on Wall Street.

Asia-Pacific markets mostly fell, with Hong Kong markets leading losses in the region as investors continue to grapple with the fallout from Evergrande’s liquidation order.

Gold prices were in a tight range as traders awaited the U.S. central bank’s decision on key policy rates and remarks from Chair Jerome Powell.

Oil prices rose in early trade as escalating geopolitical tensions in the Middle East continued to fuel supply concerns.

In corporate news, first-half profits at Diageo fell by more than a tenth as weakness in the Latin American and Caribbean (LAC) regions persisted, but the drinks giant pointed to improving trading conditions in the latter part of the financial year.

Reported operating profit fell by 11.1% to $3.3bn, with the operating profit margin shrinking by 329 basis points to 30.3%.

Organic operating profits were down 5.4%, but if LAC was excluded, they would have grown by 0.9%.

Markets

08:15

FTSE 100 7,650 +0.23%

FTSE 250 19,329 +0.10%

DAX 16,993 +0.31%

the close

Dow Jones 38,333 +0.59%

S&P 500 4,927 +0.76%

NASDAQ 15,628 +1.12%

Fixed Income

UK 10-YR YIELD 3.863

Exchange Rates

GBP/USD 1.268

GBP/EUR 1.171

Commodities

Gold $2,038 +0.32%

Brent $81.73 (-0.21%)

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.