FTSE 100 opens little changed as Currys posts stronger profits and Wizz Air reports passenger growth while Brent crude prices ease.
Market Overview
UK markets opened little changed, with the FTSE 100 edging 0.01 per cent lower to 10,477.76, while the Euronext 100 also slipped 0.01 per cent. Germany’s DAX outperformed, rising 0.25 per cent to 25,102.51. Overnight, the Nasdaq closed lower at 26,040.03 and the S&P 500 finished at 7,483.23. Investors weighed dovish interest rate signals against cautious European sentiment, while lower oil prices reflected improving US-Iran talks and expectations of ample crude supply.
Against sterling, the US dollar, euro and Australian dollar strengthened slightly, while the Swiss franc and Japanese yen weakened. Bitcoin advanced slightly. In commodities, copper and gold traded lower, Brent crude declined as easing geopolitical concerns weighed on prices, and natural gas also moved lower.
Market Numbers
FTSE 100: Down (-0.01%), 10,477.76
Euronext 100: Down (-0.01%), 1,906.08
DAX: Up (+0.25%), 25,102.51
NASDAQ: Down, 26,040.03
S&P 500: Down, 7,483.23
In the Headlines
Profit Growth – Currys (LSE:CURY)
Currys reported higher annual profits and increased shareholder returns, supported by a strong performance from its Nordic operations. The results underline improving operational momentum and provide a positive signal for investors following a period of restructuring.
Traffic Growth – Wizz Air (LSE:WIZZ)
Wizz Air reported 27 per cent growth in June passenger numbers and confirmed the rollout of Starlink in-flight Wi-Fi across its fleet. The update highlights continued demand strength alongside investment in customer experience.
Currencies (vs GBP)
USD: Up (+0.01%), $1.3278
CHF: Down (-0.03%), Fr.1.0745
EUR: Up (+0.01%), €1.1671
JPY: Down (-0.02%), ¥215.8345
AUD: Up (+0.01%), $1.9270
Bitcoin (BTC/GBP): Up, £45,086.66
Commodities
Copper: Down
Gold: Down
Brent Crude: Down
Natural Gas: Down
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