Monday,15 April 2024 08:48:09

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Monday,15 April 2024 at 07:46

UK and European markets opened mixed amid heightened geopolitical tensions following Iran’s massive drone and missile attack on Israel Saturday night.

Asia-Pacific markets fell as traders weighed the impact of Iran’s drone attacks over the weekend, with focus also on key economic data from China and Japan later in the week.

Gold prices climbed as geopolitical tensions bolstered demand for the safe-haven metal.

Oil prices fell at Asia’s open as market participants dialled back risk premiums following Iran’s attack on Saturday which the Israeli government said caused limited damage.

In corporate news, Great Portland Estates announced that British luxury retail brand Represent will open its new 5,000 square foot flagship store at its property at 135/141 Wardour Street in Soho.

The FTSE 250 company said the two-floor space, set to open in early 2025, would be Represent’s second global store after its Los Angeles location.

It said Represent had committed to a 10-year lease, without divulging any of the deal’s financial details.

Markets

At 08:30

FTSE 100 7,960 (-0.44%)

FTSE 250 19,693 (-0.14%)

DAX 18,008 +0.44%

At the close

Dow Jones 37,983 (-1.24%)

S&P 500 5,123 (-1.46%)

NASDAQ 16,175 (-1.62%)

Fixed Income

UK 10-YR YIELD 4.194

Exchange Rates

GBP/USD 1.246

GBP/EUR 1.169

Commodities

Gold $2,354 +0.48%

Brent $89.66 +0.09%

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.