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Tuesday,31 January 2023 at 08:31
& European markets slid further as attention turns to the U.S. Federal Reserve’s latest policy meeting,
which kicks off today.
Asia-Pacific shares traded
mostly down as investors digested a range of economic data
and a potential interest rate hike from the Federal Reserve.
Gold prices edged up,
en-route to their third straight month of gains, as the dollar
Oil prices steadied
in early trade after falling by more than 2% in the previous
session on the threat of further interest rate hikes and continued Russian
In corporate news, Pets
at Home lifted its full-year profit guidance following
record third-quarter consumer revenues.
The pet retailer said in an update that trading momentum remained robust into
the fourth quarter, and with eight weeks of the year left to trade, it now
expects FY 23 group underlying pre-tax profit to be towards the upper end of
the consensus range of £126m to £136m.
FTSE 100 7,769 (-0.21%)
FTSE 250 19,888 (-0.25%)
DAX 15,095 (-0.21%)
At the close
Dow Jones 33,717 (-0.77%)
S&P 500 4,017 (-1.30%)
NASDAQ 11,393 (-1.96%)
UK 10-YR YIELD 3.314
Gold $1,908 (-0.73%)
Brent $83.65 (-0.87%)
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.