CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Ryanair has reported record full year profits of 13 and rising revenues

Article By: ,  Financial Analyst

The video cannot be shown at the moment. Please try again later.

- Bullion extended the longest slump in four years as investment holdings contracted and stocks rallied.

- Silver was seen at its lowest since 2010 with immediate delivery pricing as low as $21.43 in the early hours of this morning, whilst Gold is down for an eighth session the worst run since March 2009 trading as low as £1,338.85.

- Ryanair has reported record full year profits of 13% and rising revenues which saw it trading up 6% during the first hour of trading in the UK. On the other hand First Group was seen trading at 183 down 18% after its pre-tax profit had fallen 36.5%, however, it has since announced a £615m right issue in a bid to reduce its debt.

- Major indices were seen slightly down this morning, FTSE down 10 at 6735, Dow Jones down 16 at 15,330 and the Dax down 16 at 8435.

- Potentially a quiet day in terms of volatility with it being a French, German, Swiss and Canadian Bank holiday. The only economic news to look out for is the 6pm speech from Evans a FOMC member from the US.

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

City Index is a trading name of StoneX Financial Ltd. Head and Registered Office: 1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET. StoneX Financial Ltd is a company registered in England and Wales, number: 05616586. Authorised and regulated by the Financial Conduct Authority. FCA Register Number: 446717.

City Index is a trademark of StoneX Financial Ltd.

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

© City Index 2024