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Friday,03 February 2023 at 08:47

UK & European markets opened lower as investors continued to digest the latest moves by the U.S. Federal Reserve and a slew of earnings reports.

Stocks in the Asia-Pacific traded mixed as shares of Adani Enterprises plunged and last traded 15% lower, continuing a sell-off triggered by allegations raised by short seller firm Hindenburg.

Oil prices made modest gains in early trade but were heading for a second straight week of losses, as the market looked for more signs of a strong recovery in fuel demand in China to offset looming slumps in other major economies.

Gold prices steadied after a sharp sell-off in the previous session.

In corporate news, earnings at Apple fell by more than expected during the first quarter, sending shares in the US tech giant lower.

Posting results after the bell on Thursday, Apple said that total net sales had fallen 5.5% year-on-year to $117.2bn, below analyst forecasts for around $121.1bn. 

At 08:30
FTSE 100 7,826 +0.08%
FTSE 250 20,453 (-0.78%)
DAX 15,361 (-0.95%)
At the close
Dow Jones 34,053 (-0.11%)
S&P 500 4,179 +1.47%
NASDAQ 12,200 +3.25%
Fixed Income
UK 10-YR YIELD 3.052
Exchange Rates
GBP/USD 1.219
GBP/EUR 1.119
Gold $1,912 +0.02%
Brent $81.86 (-0.28%)
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.

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