Tuesday,30 January 2024 16:54:20

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Tuesday,30 January 2024 at 16:54

UK and European markets were higher as investors digested preliminary fourth-quarter gross domestic product figures released by the euro zone.

The euro steadied after data showed the euro zone narrowly avoided a technical recession in the fourth quarter.

Oil prices rose after the International Monetary Fund raised its global growth forecast for the year and as the market waited to see how the U.S. will respond to a deadly drone attack on its forces in the Middle East.

Gold prices rose supported by a slightly weaker dollar and lower Treasury yields as investors primed for the U.S. Federal Reserve’s policy meeting for updates on the timing of its interest rate cuts.

Shares in Auction Technology Group soared by a fifth as the Art and antique online marketplace operator said it expected annual results to be in line with expectations after an 11% increase in revenue for the first three months of the year.

Markets

At the close

FTSE 100 7,666 +0.44%

FTSE 250 19,349 +0.20%

DAX 16,974 +0.19%

At 16:45

Dow Jones 38,358 +0.06%

S&P 500 4,927 (-0.02%)

NASDAQ 15,572 (-0.36%)

Fixed Income

UK 10-YR YIELD 3.906

Exchange Rates

GBP/USD 1.267

GBP/EUR 1.169

Commodities

Gold $2,035 +0.17%

Brent $82.57 +0.82%

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.