Friday,09 February 2024 16:29:25

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Friday,09 February 2024 at 16:35

UK and European markets moved lower Friday as investors digest the latest slew of corporate earnings and economic data.

U.S. stocks rose after the U.S. government said December’s inflation reading was even lower than first reported.

Oil prices were mixed on Friday, on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas.

Gold slipped on Friday and was heading for a weekly fall, pressured by elevated Treasury yields, while investors awaited next week’s U.S. inflation data for more clues on the timing of the Federal Reserve’s interest rate cuts.

In corporate news, Barclays agreed to buy the majority of Tesco’s banking business in a deal worth £600 million ($756 million).

Barclays will take over Tesco Bank’s credit cards, loans and savings accounts as the U.K. supermarket chain retreats from its move into financial services.

Markets

the close

FTSE 100 7,573 (-0.31%)

FTSE 250 19,057 (-0.24%)

DAX 16,921 (-0.25%)

16:35

Dow Jones 38,653 (-0.19%)

S&P 500 5,015 +0.35%

NASDAQ 15,942 +0.94%

Fixed Income

UK 10-YR YIELD 4.066

Exchange Rates

GBP/USD 1.263

GBP/EUR 1.171

Commodities

Gold $2,023 (-0.54%)

Brent $81.54 (-0.22%)

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.