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LONDON MARKET EARLY CALL: Stocks called up on Christmas Eve half-day

24th Dec 2024 06:57

(Alliance News) - Stocks in London are set to open higher on Tuesday, injecting some festive cheer before they close early for the Christmas break.

IG says futures indicate the FTSE 100 to open up 47.9 points, 0.6%, on Tuesday. The index of London large-caps closed up 0.2% at 8,102.72 on Monday.

Sterling was quoted at USD1.2537 early Tuesday, higher than USD1.2525 at the London equities close on Monday.

The euro traded at USD1.0395 early Tuesday, marginally lower than USD1.0399 late Monday. Against the yen, the dollar was quoted lower at JPY157.01 versus JPY157.12.

In the US on Monday, Wall Street ended higher, with the Dow Jones Industrial Average up 0.2%, the S&P 500 up 0.7% and the Nasdaq Composite up 1.0%.

In Asia on Tuesday, the Nikkei 225 index in Tokyo was down 0.3%. In China, the Shanghai Composite was up 1.3%, while the Hang Seng index in Hong Kong was up 1.2%. The S&P/ASX 200 in Sydney closed up 0.2%.

Gold was quoted at USD2,618.59 an ounce early Tuesday, higher than USD2,611.83 on Monday.

"Gold could see further upside if inflationary worries intensify later on, or if the Fed signals further shift in its rate path," commented Pepperstone's Ahmad Assiri.

Brent oil was trading at USD72.95 a barrel early Tuesday, higher than USD72.09 late Monday.

In Tuesday's corporate calendar, there are no major events scheduled.

In the economic calendar on Tuesday, US releases include new home sales and the Redbook index.

By Emma Curzon, Alliance News reporter

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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