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Thursday,02 February 2023 at 08:50
UK & European markets were higher at the open as investors digested
the latest move by the U.S. Federal Reserve and look ahead to more decisions by
central banks in Europe.
Stocks in the Asia-Pacific
traded mostly higher as investors digested the U.S.
Federal Reserve’s smaller rate hike of 25 basis points and Fed Chairman Jerome
Powell acknowledged inflation is falling.
Oil prices rose after
the U.S. Federal Reserve raised interest rates by 25 basis points,
sending the dollar lower.
Gold prices extended
gains to touch their highest in more than nine months.
In corporate news, oil and gas giant Shell posted a record fourth-quarter
profit of $9.8bn driven by higher trading from its liquefied natural gas (LNG)
Annual earnings doubled to $39.87bn, also a record, as the company cashed in on
soaring energy prices inflamed by Russia's invasion of Ukraine a year ago.
FTSE 100 7,785 +0.33%
FTSE 250 20,094 +0.99%
DAX 15,274 +0.61%
At the close
Dow Jones 34,092 +0.02%
S&P 500 4,119 +1.05%
NASDAQ 11,816 +2.00%
UK 10-YR YIELD 3.232
Gold $1,959 +0.48%
Brent $83.15 +0.19%
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.