Monday,06 March 2023 17:10:32

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Monday,06 March 2023 at 17:11

UK & European stock markets closed mixed after paring modest early-session gains.

U.S. stocks edged higher, kicking off the start of a busy week.

Oil prices slipped after China set a lower-than-expected target for economic growth this year at around 5%, and as investors cautiously awaited U.S. Federal Reserve Chair Jerome Powell’s testimony this week.

Gold prices retreated from an earlier 2½-week high as traders awaited U.S. Federal Reserve Chair Jerome Powell’s testimony this week for hints on future rate hikes.

In corporate news, estate agent Foxtons said on Monday that it has agreed to buy Atkinson McLeod for £7.4m.

Atkinson operates in Central East London across four branches, with a lettings business that generates around 90% of its revenues across approximately 1,100 tenancies.

Markets

At the close

FTSE 100 7,929 (-0.22%)

FTSE 250 20,064 +0.69%

DAX 15,653 +0.48%

At 17:00

Dow Jones 33,489 +0.30%

S&P 500 4,069 +0.59%

NASDAQ 11,798 +0.93%

Fixed Income

UK 10-YR YIELD 3.872

Exchange Rates

GBP/USD 1.204

GBP/EUR 1.126

Commodities

Gold $1,851 (-0.20%)

Brent $86.20 +0.34%

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.