Thursday,15 February 2024 09:26:27

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

Thursday,15 February 2024 at 09:26

UK & European markets opened higher as investors assess U.K. growth figures for the fourth quarter and monitor the flow of corporate earnings.

Asia-Pacific markets rebounded after mostly falling on Wednesday, while Japan entered a technical recession as its GDP contracted for a second straight quarter.

Gold prices edged cautiously higher.

Oil prices eased in early trade after data showed that U.S. crude inventories jumped much more than expected, raising concerns about demand in the world’s largest economy.

In corporate news, British Gas owner Centrica posted a fall in annual profits on the back of "sharply lower" commodity prices.

Adjusted operating profit for the year to December 2023 came in at £2.72bn from £3.3bn. The full-year dividend was up 33% to 4p a share.

Markets

At 09:00

FTSE 100 7,581 +0.17%

FTSE 250 19,051 +0.25%

DAX 17,042 +0.57%

At the close

Dow Jones 38,424 +0.40%

S&P 500 5,000 +0.96%

NASDAQ 15,859 +1.30%

Fixed Income

UK 10-YR YIELD 4.020

Exchange Rates

GBP/USD 1.254

GBP/EUR 1.169

Commodities

Gold $1,994 +0.14%

Brent $81.53 +0.49%

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.