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Week ahead: Fed, BoE and activity PMIs in focus
Stock markets are recovering from the lows of the session as the week heads to a close, after the sudden bout of volatility yesterday that seemed to point to a renewed selloff.
Europe close: Stocks end week on a down note as lockdowns reimposed
European stocks finished lower on Friday as fresh regional lockdowns in France hit investor sentiment.
Weekly review
The FTSE 100 ended the week 52. 76 points lower, ending Friday’s session at 6,708. 71.
London close: Stocks finish weaker amid concerns on inflation, recovery
London stocks closed the last trading day of the week in negative territory, amid concerns about inflation and fresh lockdowns, after France imposed new Covid-19 restrictions.
Sector movers: Defensives offset drag from Cyclicals, Telecoms down on 'profit taking'
Stocks on the FTSE 3500 were modestly lower at the end of the week, wiping out the week's gains in the process.
Futura's topical erection gel recommended for EU approval
Pharmaceuticals company Futura Medical said on Friday that the relevant EU notified body has completed the review of its technical dossier for ‘MED3000’, with a recommendation to certificate MED3000 as a class 2B approved medical device.
ReNeuron signs new collaboration agreements
Cell-based therapeutics developer ReNeuron Group announced the signing of new collaboration agreements with a major pharmaceutical company and leading academic institutions in the UK and mainland Europe on Friday.
Idox agrees sale of its grants consultancy business
Information management software and services company ldox has agreed the disposal of its Netherlands-based grants consultancy and database business, it announced on Friday, to an affiliate of technology-focussed private equity firm SilverTree Equity Partners.
Broker tips: Berkeley Group, John Wood Group
Analysts at Canaccord Genuity lowered their target price on homebuilder Berkeley Group from 5,400. 0p to 5,200. 0p on Friday, highlighting recent share price underperformance.
Canaccord Genuity lowers target price on Berkeley Group
Analysts at Canaccord Genuity lowered their target price on homebuilder Berkeley Group from 5,400. 0p to 5,200. 0p on Friday, highlighting recent share price underperformance.
Jangada applies for trial mining licence at Pitombeiras project
Jangada Mines has submitted an application to Brazil’s national mining agency, Agência Nacional de Mineração (ANM), to obtain a trial mining licence for its wholly-owned Pitombeiras vanadium project in the country’s Ceará State.
FTSE 250 movers: Hammerson hit by downgrades; Sanne surges
London’s FTSE 250 was down 0. 5% at 21,466. 74 in afternoon trade on Friday.
US open: Dow Jones extends losing streak as Fed halts capital break for banks
Wall Street stocks were mostly in the red early on Friday after the Federal Reserve opted to not extend a Covid-19-era capital break for banks fuelled a rise in bond yields and a financial sell-off.
FTSE 100 movers: Travel & leisure stocks slump; supermarkets gain
London’s FTSE 100 was down 1. 1% at 6,707. 92 in afternoon trade on Friday amid inflation worries.
Fourth Covid-19 'wavelet' in US hinges on continued spread of B117 variant
The Covid-19 pandemic in the US appears to be in its final stages, but a fourth "wavelet" in the near-term was still a possibility, analysts at Pantheon Macroeconomics said.
US pre-open: Futures in the green as yields slip from recent highs
Wall Street futures were in the green ahead of the bell on Friday as yields pulled back from their recent highs.
BofA sees further upside to European stocks with GDP set to leap higher
Strategists at Bank of America reiterated their 'positive' stance for European equities, telling clients the current vaccine 'malaise' would not derail the growth rebound anticipated later in 2021.
London midday: Stocks in the red amid inflation worries
London stocks were still firmly in the red by midday on Friday amid worries about inflation and fresh lockdowns, after France imposed new Covid-19 restrictions.
Xtract upbeat on assays from first hole at Racecourse
Xtract Resources said on Friday that laboratory assays had been received from the first drill hole, BRDD-20-001, completed on the phase one diamond drilling programme at the Racecourse Mineral Resource, on the Bushranger copper-gold project, located in the Lachlan Fold Belt of New South Wales, Australia.
Europe midday: Shares stay negative on French lockdown concerns
European stocks were still lower at lunchtime on Friday as fresh regional lockdowns in France hit investor sentiment.