Market Report

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.

* indicates required

Please select all the ways you would like to hear from Ramsey Crookall:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our email marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing.

Learn more about Mailchimp's privacy practices here.

Tuesday,06 February 2024 at 08:31

UK & European markets opened higher as investor confidence remains robust despite the lack of a clear timetable for interest rate cuts.

China and Hong Kong stocks surged as authorities in the world’s second-largest economy took measures to arrest a recent sell-off in its equities, while most Asia-Pacific markets declined.

Gold prices lingered near their lowest level in almost two weeks, pressured by a firmer dollar and elevated Treasury yields, as traders lowered expectations of aggressive interest rate cuts by the U.S. Federal Reserve this year.

Oil prices were little moved in early trading, as market participants assessed a visit to the Middle East by U.S. Secretary of State Antony Blinken to discuss a ceasefire offer in the region.

In corporate news, oil giant BP announced a $1.75bn share buyback despite a slump in annual profits.

The company said underlying replacement cost profit for 2023 halved to $13.8bn from $27.6bn a year earlier. Looking ahead, it expects first quarter 2024 reported upstream production to be higher compared to the final three months of the 2023. 

At 08:15
FTSE 100 7,687 +0.98%
FTSE 250 19,094 +0.40%
DAX 16,945 +0.25%
At the close
Dow Jones 38,380 (-0.71%)
S&P 500 4,942 (-0.32%)
NASDAQ 15,597 (-0.20%)
Fixed Income
UK 10-YR YIELD 4.002
Exchange Rates
GBP/USD 1.256
GBP/EUR 1.167
Gold $2,025 +0.08%
Brent $78.17 +0.42%
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

Members of the London Stock Exchange and PIMFA | Licensed by the Isle of Man Financial Services Authority (IoMFSA) Registered Office: Ramsey Crookall and Co. Ltd., 38/42 Athol Street, Douglas, Isle of Man, IM1 1QH
Copyright © 2023 - Ramsey Crookall & Co. Ltd
Building Personal Finance Futures London Stock Exchange