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Wednesday,08 March 2023 at 17:11
UK and European markets closed slightly higher as U.S. Federal
Reserve Chairman Jerome Powell indicated interest rates may need to go higher
U.S. stocks struggled for
direction during the trading session, following two labour
prints that showed the labour market remains tight amid sticky inflation.
Oil prices edged lower.
Gold steadied near a
one-week low after Federal Reserve Chair Jerome
Powell signalled further interest rate hikes
The owner of Wagamama, Restaurant
Group, said on Wednesday that it plans to cut its leisure
estate by around 30% as it posted a widening of its full-year losses in a
The company plans to cut its sites from 116 to about 75 by 2024 amid ongoing
It pointed to "unprecedented cost pressures", particularly in
elevated levels of food and drink and energy inflation.
At the close
FTSE 100 7,929 +0.13%
FTSE 250 19,851 (-0.52%)
DAX 15,631 +0.46%
Dow Jones 32,832 (-0.07%)
S&P 500 3,998 +0.30%
NASDAQ 11,593 +0.55%
UK 10-YR YIELD 3.772
Gold $1,816 +0.21%
Brent $82.40 (-0.84%)
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.