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Monday,12 February 2024 at 08:20
& European stocks rose at the openafter the S&P 500 closed above the 5,000 level for the first time
Asia markets were mixedto start a holiday-shortened week for most markets, while China remains shut
for the week.
Gold prices steadied in a
tight rangein holiday-thinned trading, as investors awaited
remarks from a slew of U.S. Federal Reserve officials in a data-packed week.
Oil prices fell
in early Asian trade after Israel said it had “concluded” a series of strikes
in southern Gaza, slightly easing concerns about supply from the Middle East.
In corporate news, Tritax
Big Box said it had agreed terms on a possible bid forUK Commercial Property REIT
in an all-share deal worth £924m.
The company said it had offered 0.444 new Tritax shares for every UKCP share,
leaving it with 76.7% of the merged group and UKCM shareholders with the
It also represents a 10.8% premium to UKCP’s closing share price of 64.2 pence
per share on February 9.
FTSE 100 7,574 +0.03%
FTSE 250 19,144 +0.43%
DAX 16,976 +0.29%
Dow Jones 38,671 (-0.14%)
S&P 500 5,026 +0.57%
NASDAQ 15,990 +1.25%
UK 10-YR YIELD 4.055
Gold $2,025 +0.07%
Brent $81.46 (-0.30%)
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.