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US close: Markets end lower as investors look to Fed
US markets closed lower on Monday, with investors starting to play wait-and-see with the Federal Reserve, for cues as to when the next interest rate hike may come.
Commodities: Crude oil, iron ore futures drop
A drop in energy quotes weighed on the commodities space at the start of the week.
Real estate stocks pace gains, oil drags
Real estate-related stocks boosted London´s top flight index on Monday after the results of another poll released over the weekend appeared to shorten the odds that the UK would vote to remain in the UK.
Week ahead: Brexit polls, Fedspeak in focus
The continuing flow of EU-referendum poll results and the latest Fedspeak was likely to be foremost on traders´minds over the coming week in the run-up the 23 June plebiscite and the mid-June US central bank policy meeting.
Bonds: Brexit could see BoE cut Bank Rate by 50 basis points, JP Morgan says
These were the movements in the most widely-followed 10-year sovereign bond yields:.
Hopes of a sterling bounce after a Bremain vote likely to be dashed, Pantheon says
Hopes that sterling will bounce back to its previous levels against the US dollar around $1. 57 after a potential UK vote to remain in the EU will likely be dashed, said Pantheon Macroeconomics.
FX round-up: Hawkish Fed-speak helps dollar higher, but yen continues its run
More hawkish US Federal Reserve-speak saw the dollar edge higher against most major crosses barring the yen, which resumed its run-up against the greenback following warnings from US officials at the G7 meeting held over the weekend against potential currency market interventions from the Bank of Japan.
Europe close: Drop in chemicals stocks, oil prices weighs on shares
European stocks ended lower in choppy trading, with a drop in shares of German chemicals-maker Bayer and falling crude oil futures prices acting as a drag.
LendingClub's shares rise as Shanda Group acquires stake
Singapore-based investment company Shanda Group has acquired an 11. 7% stake in under-pressure LendingClub, pushing the beleaguered shares up more than 8% today.
Director dealings: Jardine Matheson's Keswick sells shares
Simon Keswick, a descendent of the founders of Jardine Matheson, has sold US$425,608-worth of shares in the legendary Asian conglomerate.
Greece requires substantial debt relief, IMF says
Greece required substantial debt relief to secure the long-run sustainability of its government´s finances, the International Monetary Fund said.
Tuesday preview: Severn Trent expected to cut full year dividend
Utility group Severn Trent is expected to report a decline in full year earnings on Tuesday following the regulator’s decision to cut household bills.
London close: Stocks fall after disappointing manufacturing data
UK equities declined on Monday as traders weighed a batch of disappointing manufacturing reports and hawkish remarks from Federal Reserve officials.
JP Morgan recommends tactical-long in banks, with short China-related cyclicals as a hedge
Strategists at JP Morgan recommended that clients go 'long' banks on a tactical basis while shorting China-related cyclicals and commodities as a head against policy tightening by the Federal Reserve, but warned them not to overstay their welcome in the former.
Mind the potential downside if you´re invested in gold, Citi says
Mind the downside if your invested in gold or one of its proxies, analysts at Citi said.
Small caps news round-up
Minerals production and development company Strategic Minerals announced its final numbers on Monday, with a cash position of $1. 05m on 31 December 2015. The AIM-traded firm said that during the year, it secured an early agreement to extend the Cobre mining rights to March 2017, and maintained a tight control on overheads with those falling 26% despite the increased activity.
Revenues slide but losses narrow at Strategic Minerals
Minerals production and development company Strategic Minerals announced its final numbers on Monday, with a cash position of $1. 05m on 31 December 2015.
Joules valued at £140m ahead of AIM listing
Fashion retailer Joules said on Monday that it will have a market capitalisation of £140m when it lists on AIM later this week.
Production down slightly at Highland Gold
Highland Gold Mining issued its maiden quarterly operations report on Monday, with a slight decrease in total production.