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US close: Post-Brexit recovery continues for third session
US stocks closed higher on Thursday - the final day of the quarter - as the post-Brexit recovery completed its third straight day.
FX round-up: Pound´s reserve currency position in the spotlight
The pound was weighed down throughout the day as traders bid their time ahead of a speech from Bank of England Governor Mark Carney which, in the event, ended up sending cable sharply lower.
Bonds: ECB may loosen rules governing QE programme
These were the biggest moves among the most widely traded 10-year sovereign bond yields:.
Commodities: China might be close to filling its strategic oil reserves
Commodities were broadly lower, led by losses in the energy patch, as the Greenback advanced in a late-day spurt of buying after the Governor of the Bank of England signalled that further policy easing was likely over the summer.
Chicago manufacturing PMI jumps in June
Manufacturing activity around the Great Lakes area in the US picked-up significantly in June, according to one of the most widely-followed gauges for factory activity in that area of the country.
Credit Suisse restarts Glencore at outperform, raises target on Anglo American
Credit Suisse gave the mining sector a boost on Thursday as the broker raised its projections for the average price of some key base base and precious metals, while re-jigging its target prices on a large swathe of the mining space in the process.
Europe close: Stocks gain ground despite uncertainty
European stocks reversed opening losses to trade higher in choppy markets, with investors continuing to mull over the impact of Brexit as it emerged who would be running for Prime Minister in the UK and the Bank of England dropped a heavy hint that it might ease policy further over the summer.
Global growth will be dampened by Brexit, says IMF
Near-term economic growth would be dampened due to Brexit negations uncertainty in the UK, Europe and the rest of the world, according to the International Monetary Fund (IMF) on Thursday.
Insurers and miners pace gains
Insurers and miners helped the Footsie outperform on Thursday after Fitch reaffirmed its constructive view on Prudential and an upbeat reserch note out of Credit Suisse helped to boost shares of many miners.
Small caps news round-up
West Africa focused oil and gas exploration and development company Lekoil announced on Thursday the execution of a new debt facility totalling NGN 5bn. The AIM-traded company said the agreement was for the Otakikpo asset and was agreed withSterling Bank, subject to the fulfilment of conditions precedent which are near complete.
Broker tips: Centrica, Travis Perkins, Reckitt Benckiser
Centrica’s ‘outperform’ rating was left unchanged by RBC Capital Markets on Thursday but the British Gas owner’s target price was cut to 250p from 280p.
London close: FTSE gains as Carney says interest rate cut likely after Brexit
The FTSE 100 ended higher on Thursday as Boris Johnson bowed out of the race for Prime Minister and the Bank of England governor said an interest rate cut was likely after Brexit.
Heathrow expansion delayed until new Tory leader elected
The government said on Thursday it has deferred deciding on whether to expand Heathrow airport until a Conservative party leader and prime minister is elected.
Barclays has no plans to move jobs due to Brexit
Barclays has no plans to move jobs out of the UK due to Brexit, chief executive Jes Staley said on Thursday.
Director dealings: New Costain chairman makes first purchase
Costain's newly appointed chairman Paul Golby purchased more than £111,000 worth of shares in the engineer on the day it released strong first-half trading update.
Pound weakens as BoE Governor points towards further easing
The Bank of England might have to ease its policy settings over the summer, Governor Mark Carney said.
London midday: Stocks waver on Brexit woes, political instability
UK stocks wavered on Thursday as contenders for Prime Minister came forward in the wake of Brexit.
Hershey subject to takeover bid from Mondelez - WSJ
Snack food company Mondelez International has made an attempt to take over Hershey, according to a report from the Wall Street Journal.
US open: Stocks rise as sentiment recovers after Brexit
US stocks rose on Thursday as investor sentiment continued to recover following last week’s European Union referendum.
WPP to invest in Woven Digital
Advertising giant WPP announced on Thursday it has agreed to invest in Woven Digital, a US media company aimed at millennials.