Thursday,25 April 2024 10:01:30

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Thursday,25 April 2024 at 08:59

UK & European markets were lower as investors digested a fresh set of earnings.

Asia-Pacific markets took a breather after two straight days of rallies, mirroring moves on Wall Street ahead of first-quarter gross domestic product figures from the U.S. due Thursday.

Oil prices eased in early trade as concerns about a potential slowdown in the U.S. economy amid prospects for delayed interest rate cuts outweighed worries over the risk of expanding conflict in the Middle East.

Gold prices crept higher.

In corporate news, WH Smith said on Thursday that it was on track to deliver on expectations for the year after a "good" first half.

In the six months to 29 February, headline group profit before tax and non-underlying items ticked up to £46m from £45m in the same period a year earlier, with total group revenue up 8% to £926m.

Revenue from the travel business was up 13%, with Travel UK revenue 15% higher year-on-year. North America saw a 13% increase, while rest of the world revenues rose 24%.

Markets

At 09:30

FTSE 100 8,097 +0.70%

FTSE 250 19,726 +0.04%

DAX 18,004 (-0.47%)

At the close

Dow Jones 38,460 (-0.11%)

S&P 500 5,071 +0.02%

NASDAQ 15,712 +0.10%

Fixed Income

UK 10-YR YIELD 4.315

Exchange Rates

GBP/USD 1.252

GBP/EUR 1.167

Commodities

Gold $2,327 +0.49%

Brent $88.15 +0.11%

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.