Monday,19 February 2024 16:41:56

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Monday,19 February 2024 at 16:46

UK and European markets lacked direction with trading relatively muted as a result of a public holiday in the US. European equities finished flat whilst the FTSE100 gained 0.25%

Oil prices edged higher because of increased tension in the Middle East as Houthi fighters claimed responsibility for an attack on an India bound oil tanker.

The US Dollar was steady on Monday after data last week showing U.S. inflation remained sticky cast doubts on when the Federal Reserve would start its easing cycles

Gold prices rose to a nearly one-week high as escalating tensions in the Middle East lifted bullion’s safe-haven appeal.

In corporate news:

Shares of Astra Zeneca rose 3.4% after the U.S. Food and Drug Administration approved use of the company’s blockbuster cancer drug Tagrisso with chemotherapy to treat a type of lung cancer.

A Chinese e-commerce company has said it is considering making an offer for Currys, sending the electronics retailer’s shares up by 37% amid hopes of a bidding war with private equity investor Elliott.

Markets

16.43

FTSE 100 7728.50 +0.22%

FTSE 250 19,216.9 +0.13%

DAX 17,091.83 -0.15%

US Market Closed

Dow Jones 38,627.99

S&P 500 5005.57

NASDAQ 15,775.65

Fixed Income

UK 10-YR YIELD 4.108

Exchange Rates

GBP/USD 1.2586

GBP/EUR 1.1686

Commodities

Gold 2016.2

Brent 83.39

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.