No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
Market latest
FTSE 100 | FTSE 250 | Paris CAC 40 | Dow Jones | NASDAQ
10653.00 |
44.08 (0.42%)
23957.83 |
71.89 (0.30%)
52064.10 |
316.56 (0.60%)
26081.72 |
171.62 (0.65%)
8157.67 |
40.91 (0.50%)
NaN |
0.00 (0.00%)
Prices delayed by at least 15 minutes
(Sharecast News) - European shares were higher at the open on Friday despite a US bond sell-off overnight and Brent crude hitting $109 a barrel as traders eye US inflation data later in the day.
The pan-regional Stoxx 600 was up 0.29% to 637 at 0713 GMT with all major bourses higher. Brent crude had fallen back to $105 a barrel as the Strait of Hormuz remained effectively closed and Red Sea routes under increasing threat from Iran-backed Houthi rebels who seized the port of Mocha.
US benchmark 10-year Treasury yields hit another three-year high of 4.9708% in Asian trade, sparking a sell-off in global bonds amid inflationary fears caused by an energy supply crisis.
Investors will also be eyeing inflation data from the US as will the Federal Reserve as policy makers decide whether or not to hike rates. Economists are forecasting annual headline inflation of around 3.4% and core inflation near 2.4%.
In equity news, shares in Berkeley fell as the UK house builder said market activity has been further impacted by the ongoing conflict in the Middle East and political uncertainty, with buyers "more cautious to commit". The firm said it was mindful that prospective purchasers may defer transactions until after the Autumn Budget statement at the end of October.
Reporting by Frank Prenesti for Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.