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Thursday,25 April 2024 at 16:06

UK and European markets closed lower as investors digested a fresh set of earnings and a potential mining takeover bid.

US stocks fell after a sharply lower-than-expected reading on US GDP for the first quarter ratcheted up questions about the health of the US economy in the face of persistently high interest rates. Tech stocks led the way down as Meta's (META) revenue forecast rattled investors eyeing the next high-stakes megacap earnings.

Gold priced higher.

Crude oil futures pulled back after U.S. economic growth disappointed.

In corporate news, Anglo American jumped 12% after confirming that it had received an unsolicited non-binding and highly conditional all-share takeover proposal from Australia’s BHP Group.

Shareholders of the London-listed miner would receive 0.7097 BHP shares for each Anglo share, valuing the company at £31.1bn.

Anglo said it was reviewing the proposal. 

At the close
FTSE 100 8,078 +0.48%
FTSE 250 19,601 (-0.60%)
DAX 17,923 (-0.91%)
At 16:55
Dow Jones 37,917 (-1.60%)
S&P 500 5,008 (-1.26%)
NASDAQ 15,445 (-1.70%)
Fixed Income
UK 10-YR YIELD 4.372
Exchange Rates
GBP/USD 1.249
GBP/EUR 1.165
Gold $2,329 +0.59
Brent $86.64 (-1.60%)
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.

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