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.

Thursday,13 January 2022 at 08:28

UK and European stocks opened lower as global markets falter following the latest U.S. inflation reading showing consumer prices rose once again in December.

Asia-Pacific markets mostly fell as Wall Street saw gains despite a red-hot inflation report that set market expectations for rate hikes.

Oil prices slipped amid uncertainty over near-term demand as cases of the highly contagious omicron variant of the coronavirus surge around the globe.

Gold prices held near a one-week high as the U.S. dollar and Treasury yields retreated after inflation data came in line with expectations and reiterated the need for a quicker interest rate hike.

In equity markets, supermarket chain Tesco lifted annual profits guidance after better-than-expected third-quarter and Christmas sales.

The company said it now expected retail operating profit to be slightly above the top-end of previous £2.5bn - £2.6bn guidance, and forecast bank operating profit to be between £160m - £200m, due to the effect of more favourable economic forecasts on its provision for expected credit losses. 

Markets
At the close
FTSE 100 7,542 (-0.12%)
FTSE 250 23,000 (-0.19%)
DAX 15,963 (-0.32%)
At 08:15
Dow Jones 36,290 +0.11%
S&P 500 4,726 +0.28%
NASDAQ 15,188 +0.23%
Fixed Income
UK 10-YR YIELD 1.156
Exchange Rates
GBP/USD 1.373
GBP/EUR 1.197
Commodities
Gold $1,825 (-0.04%)
Brent $84.53 (-0.33%)
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

Accept
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 © 2022 - Ramsey Crookall & Co. Ltd
Building Personal Finance Futures London Stock Exchange