Monday,30 January 2023 08:48:40

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Monday,30 January 2023 at 08:49

UK & European markets opened lower as investors focus on the next U.S. Federal Reserve meeting that begins Tuesday.

Stocks in the Asia-Pacific mostly fell as shares of Adani Group remained volatile after the conglomerate rebutted short seller firm Hindenburg’s accusations of embezzlement and fraud.

Gold prices inched higher as the U.S. dollar eased.

Oil prices climbed in early Asia trade, supported by tensions in the Middle East following a drone attack in Iran.

In corporate news, consumer goods giant Unilever said it has appointed Hein Schumacher as its new chief executive officer.

Hein is currently CEO of the global dairy and nutrition business Royal FrieslandCampina and became a non-executive director of Unilever in October last year. He will begin as Unilever CEO on 1 July 2023, after a one-month handover period.

Markets

At 08:30

FTSE 100 7,720 (-0.57%)

FTSE 250 19,894 (-0.71%)

DAX 15,079 (-0.47%)

At the close

Dow Jones 33,978 +0.08%

S&P 500 4,070 +0.25%

NASDAQ 11,621 +0.95%

Fixed Income

UK 10-YR YIELD 3.345

Exchange Rates

GBP/USD 1.237

GBP/EUR 1.137

Commodities

Gold $1,921 (-0.28%)

Brent $85.60 (-0.56%)

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.