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US open: Stocks jump as bond bears throw in the towel
Wall Street was moving higher in a lacklustre day in terms of the corporate and economic news-flow, amid data showing the largest inflows into bonds for 122 weeks.
Europe close: Stocks end week on strong note
European markets ended the week on a strong note amid reports that Britain's Conservatives will seek to form a coalition government, thus allowing the UK to see off the threat of new elections while allowing Brexit negotiations to commence on time, and big gains on Wall Street.
WTI futures steady despite 22nd consecutive oil rig count increase
The number of oil rigs in operation in the US rose for a 21st week running, rising by eight to 741 over, their highest level since 10 April 2015, according to Baker Hughes data for the seven days ended on 9 June.
FTSE 250 movers: Homebuilders knocked lower after Election amid stretched valuations
Commodity stocks did best on the second-tier index as traders pushed base metals higher on the back of the latest Chinese foreign trade and commodity import volume data released the day before, which had beat forecasts.
FTSE 100 movers: Oil & Gas, Aerospace & Defence lead gains
Oil and Aerospace & Defence stocks boosted the top flight index as sterling swooned on the heels of the 2017 General Election upset for the Tories.
FX round-up: Sterling a ballot-box victim for second time in 12 months
The polls suggested a hung parliament was a real possibility and PM Theresa May's snap election made it a reality. The ballot box victim -- for a second time in a little less than 12 months -- was sterling, as widely expected.
London close: Blue chips higher after sterling flops on hung parliament
Blue-chip stocks campaigned to a higher close on Friday after PM Theresa May's Tories ended up with a humiliating hung parliament in their snap general election, causing sterling to flop on the dollar and euro.
Petrofac fears overdone with SFO fine limited to GBP1bn, recommends Kepler
Investors have overreacted to the Serious Fraud Office investigation into Petrofac, reckoned analysts at Kepler Cheuvreux, initiating coverage with a 'buy' rating even though it predicted a maximum cash fine of £1. 05bn.
US wholesale inventories drop more than expected in April
US wholesale inventories shrank more than expected in April, revised figures showed.
Record number of female, BME and LGBTQ MPs elected to Commons
Thursday's UK general election saw a record number of black and minority ethnic candidates elected as members of parliament, with 10 new BME politicians being elected to the House of Commons.
Bookies odds-on for another general election in 2017
UK betting shops are already offering strong odds the country will hold another election before the end of the year, just hours after PM Theresa May's snap ballot produced a chaotic hung parliament.
May's 'own goal' makes Brexit talks a messy prospect, say EU leaders
Wobbling UK Prime Minister Theresa May faced a storm of withering criticism from EU officials and politicians, accusing her of an "own goal" after she lost her parliamentary majority less than two weeks before the start of Brexit talks.
Weekly review
The FTSE 100 finished the week down 20. 3 points, or 0. 27%, at 7,527. 33 on Friday.
Broker tips: Petrofac, Kaz Minerals, Gem Diamonds
Investors have overreacted to the Serious Fraud Office investigation into Petrofac, reckoned analysts at Kepler Cheuvreux, initiating coverage with a 'buy' rating even though it predicted a maximum cash fine of £1. 05bn.
Commodities: Copper storms ahead on China demand, supply disruptions
Copper stormed into the limelight on UK election Friday with both the spot and three-month prices for the industrial favourite bursting higher amid rising demand out of China and wider supply disruptions.
IronRidge confirms arrangements with Enchi Proci go unconditional
IronRidge Resources announced on Friday that the joint venture earn-in arrangements with Enchi Proci for the Adzope license application was now unconditional.
Ukrproduct defers loan repayment while it negotiates new terms
One of Ukraine’s largest producers of branded dairy foods and beverages, Ukrproduct Group, announced on Friday that it had reached agreement with OTP Bank for the deferral of the principal loan repayment of UAH 32. 3m (£0. 95m), initially due on 9 June, until 23 June.
Helios expands with another Lloyd's member acquisition
Helios Underwriting announced on Friday that, in line with its strategy of increasing underwriting capacity through acquisition, it agreed to acquire limited liability member of Lloyd’s - Nottus No 51 - for a consideration of £984,500 in cash on 8 June, following approval of change of control by Lloyd’s of London.
South Africa competition watchdog happy with Coal of Africa acquisition
Coal of Africa confirmed on Friday that the South African Competition Commission had unconditionally approved its acquisition of 100% of the shares in and claims against Pan African Resources Coal Holdings Proprietary, which was announced by CoAL on 5 April.
L'Oreal in talks to sell The Body Shop to Natura
French cosmetics giant L’Oreal announced on Friday that, following an “extensive” review of strategic options for its The Body Shop division to “ensure its best future development”, the group had received a firm offer from Natura Cosméticos to acquire The Body Shop, and as a result had entered into exclusive discussions with Natura.