Stocks called higher; eyes on German CPI

February 09, 2024 at 01:54 am

(Alliance News) - Stocks in London are set to open higher on Friday, ahead of inflation data from the eurozone's largest economy, Germany.

IG says futures indicate the FTSE 100 to open up 11.5 points, 0.2%, at 7,607.3 on Friday. The index of London large-caps closed down 33.27 points, 0.4%, at 7,595.48 on Thursday.

Brent oil was trading at USD81.50 a barrel early Friday, higher than USD81.02 late Thursday.

"Crude oil leapt higher as Israel took hope for a ceasefire agreement off the table, triggering a wave of buying as geopolitical risk went on the boil again. Prime Minister Benjamin Netanyahu said that he sees no other solution than total victory following a counteroffer from Hamas for a ceasefire. This comes amid a military escalation against Iranian-backed 'terrorist' factions by the US and UK concerns," said SPI Asset Management's Stephen Innes.

Sterling was quoted at USD1.2619 early Friday, higher than USD1.2609 at the London equities close on Thursday.

The euro traded at USD1.0774 early Friday, lower than USD1.0763 late Thursday. Against the yen, the dollar was quoted at JPY149.38, flat versus JPY149.39.

In the US on Thursday, Wall Street ended higher, with the Dow Jones Industrial Average and the S&P 500 were both up 0.1%, and the Nasdaq Composite up 0.2%.

On Friday, financial markets in Shanghai are closed for the Chinese New Year. Markets in Hong Kong will have an abbreviated session.

The Nikkei 225 index in Tokyo was up 0.1%. In China, the Hang Seng index in Hong Kong closed down 0.8%. The S&P/ASX 200 in Sydney closed up 0.1%.

Gold was quoted at USD2,033.01 an ounce early Friday, higher than USD2,029.31 on Thursday.

In Friday's economic calendar, there is a German inflation reading at 0700 GMT, and Irish industrial production at 1100 GMT.

The local corporate calendar has a trading statement from housebuilder Bellway.

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
NIKKEI 225	41,275 PTS	+0.20%	-0.73%	-
DOW JONES INDUSTRIAL	40,886 PTS	+1.68%	+4.07%	-
NASDAQ COMPOSITE	18,479 PTS	+0.04%	+0.31%	-
HONG KONG HANG SENG	17,728 PTS	-1.60%	+1.16%	-
FTSE 100	8,165 PTS	-0.22%	+0.31%	-
S&P/ASX 200	7,999 PTS	-0.23%	+2.17%	-
S&P 500	5,659 PTS	+0.50%	+1.50%	-
S&P UNITED KINGDOM (PDS)	1,653 PTS	-0.25%	+0.25%	-
MSCI UNITED KINGDOM (STRD)	1,260 USD	-0.39%	+1.41%	-
S&P GSCI CRUDE OIL INDEX	436.2 PTS	-1.47%	-1.85%	-
BRITISH POUND / JAPANESE YEN	205.4 JPY	+0.13%	-0.47%	-
EURO / JAPANESE YEN	172.6 JPY	+0.13%	-1.07%	-
US DOLLAR / JAPANESE YEN	158.4 JPY	+0.15%	-1.80%	-
CANADIAN DOLLAR / JAPANESE YEN	115.8 JPY	+0.18%	-2.12%	-
AUSTRALIAN DOLLAR / JAPANESE YEN	106.7 JPY	-0.27%	-1.94%	-
NEW ZEALAND DOLLAR / JAPANESE YEN	95.8 JPY	-0.31%	-3.08%	-
BRENT CRUDE OIL SPOT	83.6 USD	-1.45%	-2.37%	-
WTI	79.76 USD	-1.47%	-2.44%	-
INDIAN RUPEE / JAPANESE YEN	1.898 JPY	+0.27%	-1.84%	-
BRITISH POUND / US DOLLAR	1.297 USD	-0.01%	+1.37%	-
BRITISH POUND / EURO	1.19 EUR	-0.01%	+0.61%	-
EURO / US DOLLAR	1.09 USD	-0.00%	+0.75%	-
US DOLLAR / EURO	0.9178 EUR	+0.02%	-0.74%	-
CANADIAN DOLLAR / US DOLLAR	0.7308 USD	-0.03%	-0.38%	-
CANADIAN DOLLAR / EURO	0.6712 EUR	+0.04%	-1.05%	-
AUSTRALIAN DOLLAR / EURO	0.6179 EUR	-0.40%	-0.87%	-
NEW ZEALAND DOLLAR / US DOLLAR	0.6048 USD	-0.46%	-1.31%	-
JAPANESE YEN / SWISS FRANC	0.5645 CHF	-0.30%	+1.47%	-
INDIAN RUPEE / US DOLLAR	0.012 USD	+0.05%	0.00%	-
INDIAN RUPEE / EURO	0.011 EUR	+0.08%	-0.90%	-

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Stocks called higher; eyes on German CPI

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08:43pm	Dow, small caps surge on rate cut hopes, solid data	RE
08:07pm	Metros Development Files Preliminary Prospectus for Nearly $15 Million US IPO	MT