FTSE 100 opens steady as Shell upgrades second-quarter trading outlook, Capita addresses pension concerns and Brent crude edges lower.
Market Overview
The FTSE 100 opened broadly unchanged at 10,651.30, while the Euronext 100 edged 0.07 per cent higher and Germany’s DAX slipped 0.21 per cent at the open. Overnight, the Nasdaq closed higher at 26,121.16 and the S&P 500 gained to 7,537.43 as investors balanced improving UK housing data, the start of the NATO summit and expectations for upcoming Federal Reserve policy signals.
Commodity markets were mixed, with copper, gold, Brent crude and natural gas all trading lower at the open, while Bitcoin fell against sterling. Sterling was broadly steady against the major currencies as oil markets continued to weigh renewed Strait of Hormuz security concerns against Saudi price cuts and higher OPEC+ supply expectations.
Market Numbers
FTSE 100: Down (-0.00%), 10,651.30
Euronext 100: Up (+0.07%), 1,935.63
DAX: Down (-0.21%), 25,764.94
NASDAQ: Up, 26,121.16
S&P 500: Up, 7,537.43
In the Headlines
Trading Update – Shell (LSE:SHEL)
Shell said second-quarter trading and refining performance is expected to be stronger than previously guided, signalling resilient earnings despite ongoing volatility across global energy markets. The update may support investor confidence ahead of the company’s full quarterly results.
Pension Administration – Capita (LSE:CPI)
Capita responded to concerns surrounding its administration of the Civil Service Pension Scheme, seeking to reassure stakeholders over service delivery and operational performance. The update is relevant as investors continue to monitor execution and contract quality across the outsourcing business.
Currencies (vs GBP)
USD: Down (-0.00%), $1.3394
CHF: Up (+0.00%), Fr.1.0784
EUR: Up (+0.00%), €1.1707
JPY: Up (+0.00%), ¥217.113
AUD: Down (-0.03%), $1.9259
Bitcoin (BTC/GBP): Down, £47,131.58
Commodities
Copper: Down
Gold: Down
Brent Crude: Down
Natural Gas: Down
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