Wall Street stocks registered modest losses in the final session of 2023, ending a banner month, quarter, and year for stocks on a somewhat sour note.
European shares finished higher on the last trading day of the year as investors looked ahead to 2024 hoping interest rates would be cut sooner rather than later.
Wall Street stocks were little changed at the beginning of the final session of 2023 as traders prepared to wrap up a banner month, quarter, and year for stocks.
The Chicago purchasing managers' index fell to 46. 9 in December, according to the Institute for Supply Management, well below market expectations for a reading of 51.
Atlantic Lithium revealed on Friday that executive chairman Neil Herbert had acquired 173,913 ordinary shares in the AIM-listed exploration and development company.
The FTSE 100 ended the short week between Christmas and New Year up 17. 56 points, or 0. 23%, closing at 7,733. 24 on Friday.
London markets had a mixed performance in a shortened pre-holiday trading session on Friday.
Wealth and investment manager Kingswood Holdings announced plans on Friday for the conversion of 77,428,443 convertible preference shares, which it issued in 2019.
Harland & Wolff Group has received permission from ministers to proceed with negotiations for a proposed £200m guaranteed loan facility with UK Export Finance (UKEF) under the Export Development Guarantee Scheme, it announced on Friday.
Gold explorer and developer Panthera Resources reported a total first-half loss of $1. 01m, or one cent per share, on Friday, narrowing from the prior year's loss of $1. 48m.
Asia-Pacific markets displayed a mixed performance on the final trading day of 2023, as investors assessed various factors impacting regional economies.
Markets will experience another shortened trading week with all major equity indices closed for New Year's Day on Monday, but traders returning to their desks after the festive holidays will have an influx of economic data to contend with.
European shares held gains at midday on the last trading day of the year amid thin volumes and no real corporate news of note to drive trading.
Wall Street futures were slightly higher ahead of the bell on Friday ahead of the year's final session.
Saietta Group reported group income including grants of £1. 4m in its first half on Friday, up from £1. 3m year-on-year.
Duke Royalty reported a strong set of third-quarter results on Friday, as well as a follow-on investment in its existing royalty partner, Creō-Tech Industrial Group.
UK house prices fell by a higher-than-expected 1. 8% year on year in December, mortgage lender Nationwide said on Friday, as higher borrowing costs and deposit requirements deterred buyers.
Spanish inflation remained unchanged in December, according to flash estimates released on Friday by the National Statistics Institute.
UK stocks edged higher to a seven-month high on Friday morning, though gains were likely to be limited in a shortened trading session ahead of the New Year's break.
European shares opened higher on the last trading day of the year amid thin volumes and no real corporate news of note to drive trading.
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