Thursday,09 March 2023 16:57:01

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Thursday,09 March 2023 at 16:58

UK and European markets fell moderately as investors digested more comments from U.S. Federal Reserve Chairman Jerome Powell.

U.S. stocks opened the trading session higher following labour market data that was weaker than expected and ahead of Friday morning's key February jobs report.

Oil steadied after a two-day decline as strike-disrupted fuel supply in France, a drop in U.S. crude inventories and a weaker dollar offset fears over the economic impact of rising interest rates.

Gold priced higher.

In corporate news, packaging company DS Smith said on Thursday that third-quarter trading was in line with management expectations, but cautioned that customers had been de-stocking.

In an update for the period since 1 November, the company said the positive trends in profitability seen in the first half have continued into the second.

Markets

At the close

FTSE 100 7,879 (-0.63%)

FTSE 250 19,692 (-0.80%)

DAX 15,633 +0.01%

At 17:00

Dow Jones 32,828 +0.09%

S&P 500 3,995 +0.09%

NASDAQ 11,602 +0.22%

Fixed Income

UK 10-YR YIELD 3.799

Exchange Rates

GBP/USD 1.192

GBP/EUR 1.126

Commodities

Gold $1,826 +0.63%

Brent $82.99 +0.77%

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.