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Wednesday,07 February 2024 at 16:40

UK and European stocks had reversed earlier gains to trade lower on Wednesday as investors mulled the latest Halifax house price data and a big M&A deal in the housebuilding sector.

U.S. stocks opened higher, as investors digested another slate of quarterly results halfway through the corporate earnings season.

Oil prices ticked higher on Wednesday, as growth in U.S. oil production is expected to remain largely steady through 2025, easing worries of excess supply.

In corporate new, shares of Norwegian oil and gas company Equinor fell after it said it would reduce cash payouts to shareholders on the back of a normalization in energy prices last year.

It comes as it posted a slightly smaller-than-expected drop in operating profit in its fourth-quarter results. Equinor’s adjusted earnings before tax for the October-December period fell to $8.68 billion from $17 billion the year prior.

the close
FTSE 100 7,627 (-0.70%)
FTSE 250 19,111 (-0.31%)
DAX 16,919 (-0.67%)
Dow Jones 38,868 +0.43%
S&P 500 4,989 +0.72%
NASDAQ 15,735 +0.81%
Fixed Income
UK 10-YR YIELD 3.986
Exchange Rates
GBP/USD 1.262
GBP/EUR 1.173
Gold $2,039 +0.16%
Brent $79.01 +0.38%
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.

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