Thursday,15 February 2024 16:55:43

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Thursday,15 February 2024 at 16:57

UK and European stock markets were higher as investors assess UK growth figures for the fourth quarter and monitor the flow of corporate earnings.

US stocks were mixed, striving to mount a further rebound as investors digested disappointing retail sales that raised questions about a "soft landing" scenario for the US economy.

Gold prices remained below the key $2,000 per ounce level as markets continued to tone down their rate-cut bets.

Crude oil futures fell on a weak global demand growth forecast for 2024.

In corporate news, British Gas owner Centrica rallied even as it 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 the close

FTSE 100 7,597 +0.38%

FTSE 250 19,099 +0.50%

DAX 17,035 +0.53%

At 16:35

Dow Jones 38,569 +0.36%

S&P 500 5,005 +0.10%

NASDAQ 15,818 (-0.25%)

Fixed Income

UK 10-YR YIELD 4.059

Exchange Rates

GBP/USD 1.257

GBP/EUR 1.168

Commodities

Gold $1,998 +0.38%

Brent $83.05 +2.36%

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.