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Wednesday,08 May 2024 at 07:56

UK & European markets opened mixed as investors look ahead to more earnings reports in the region.

Japan stocks led declines in Asia-Pacific markets, as investors parsed through earnings from the region and awaited results of Japanese giants Toyota and Mitsubishi due later in the day.

Gold prices dipped as the dollar edged up, while market participants assessed the timeline for potential U.S. interest rate cuts and were on the lookout for fresh cues for further clarity on monetary policy.

Oil prices fell in early Asian trading after market sources said that data from the American Petroleum Institute showed an increase in U.S. crude and fuel stockpiles, an indicator of weak demand.

In corporate news, technical instruments maker Renishaw lowered full-year guidance amid what it described as “mixed” markets as earnings fell over the first nine months of its financial year.

In a trading update, the company said it now expects revenue to be in the range of £680m to £700m and adjusted profit before tax of £122m to £135m.

This compares with £675m - £715m and £122m - £147m forecast at Renishaw’s interim results in February. 

At 08:15
FTSE 100 8,351 +0.46%
FTSE 250 20,434 +0.10%
DAX 18,498 +0.37%
At the close
Dow Jones 38,884 +0.08%
S&P 500 5,187 +0.13%
NASDAQ 16,332 (-0.10%)
Fixed Income
UK 10-YR YIELD 4.150
Exchange Rates
GBP/USD 1.248
GBP/EUR 1.161
Gold $2,310 (-0.10%)
Brent $82.34 (-0.69%)
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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