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Thursday,09 May 2024 at 07:36

UK & European markets opened slightly lower as positive momentum slipped on a busy week of earnings.

China stocks rose as its imports surged past estimates and exports rose in line with expectations, while the broader Asia-Pacific market was mixed.

Gold prices priced slightly higher.

Oil prices rose in early trade as shrinking U.S. crude inventories signalled tighter supply, and amid rising hopes that the Federal Reserve would cut interest rates by the end of the year.

In corporate news, weapons maker BAE Systems held annual guidance and said global geopolitical tensions should boost orders as countries increased defence spending.

The group still expects sales to rise 10% to 12% above 2023's £25bn and for underlying earnings before interest and tax 11% to 13% better than the £2.7bn posted last year. 

At 08:15
FTSE 100 8,355 +0.01%
FTSE 250 20,483 (-0.04%)
DAX 18,559 +0.33%
At the close
Dow Jones 39,056 +0.44%
S&P 500 5,187 +0.00%
NASDAQ 16,302 (-0.18%)
Fixed Income
UK 10-YR YIELD 4.172
Exchange Rates
GBP/USD 1.247
GBP/EUR 1.162
Gold $2,311 +0.13%
Brent $83.96 +0.33%
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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