Market Report

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

* indicates required

Please select all the ways you would like to hear from Ramsey Crookall:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our email marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing.

Learn more about Mailchimp's privacy practices here.

Wednesday,08 March 2023 at 08:34

UK & European markets opened lower as investors react to the latest comments from the U.S. Federal Reserve’s Chairman Jerome Powell indicating interest rates may need to go higher for longer.

Asia-Pacific shares were mixed as traders digested Federal Reserve Chair Jerome Powell’s congressional testimony on Tuesday and Wednesday.

Oil prices steadied as industry data showed a draw in U.S. crude oil inventories, after the market tumbled in the previous session on fears more aggressive U.S. interest rate hikes would hit demand.

Gold prices rose marginally.

In corporate news, Tullow Oil annual profits almost doubled as the company cashed in on higher oil and gas prices sparked by the war in Ukraine.

Gross profit for 2022 almost doubled to $1.08bn, on a 40% rise in revenue to £1.78bn with group production in line with guidance. 

At 08:15
FTSE 100 7,902 (-0.22%)
FTSE 250 19,859 (-0.48%)
DAX 15,533 (-0.16%)
At the close
Dow Jones 32,856 (-1.72%)
S&P 500 3,986 (-0.47%)
NASDAQ 11,530 (-1.25%)
Fixed Income
UK 10-YR YIELD 3.855
Exchange Rates
GBP/USD 1.182
GBP/EUR 1.121
Gold $1,813 +0.05%
Brent $83.10 +0.01%
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.

We use cookies to improve your experience on our website.
By continuing to browse, you agree to our use of cookies. Cookie Policy

Members of the London Stock Exchange and PIMFA | Licensed by the Isle of Man Financial Services Authority (IoMFSA) Registered Office: Ramsey Crookall and Co. Ltd., 38/42 Athol Street, Douglas, Isle of Man, IM1 1QH
Copyright © 2023 - Ramsey Crookall & Co. Ltd
Building Personal Finance Futures London Stock Exchange