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Week ahead: US non-farm payrolls, Fed minutes in the spotlight
The market spotlight over the coming week will be firmly on the US non-farm payrolls report that will be published Friday.
Depth of economic recession and geopolitical risks are key for 2H outlook, BofA says
Bank of America strategists' contrarian stock market timing models continued to flash 'buy' across the latest week, but risks were not absent.
China's manufacturing sector expands in June - Caixin
Activity in China’s manufacturing sector expanded in June as Covid restrictions eased, according to a survey released on Friday.
Euroe close: Stocks recover from early sharp selling, bond yields and euro drop
Having started the session sharply lower, most European stock markets finished the first session of 2022 on the front foot, despite ongoing concerns around the outlook for economic activity as central banks tighten policy - but some analysts were cautious.
London close: Stocks flat as recession fears continue to weigh
London stocks ended a choppy session flat on Friday, as recessionary fears continued to weigh on sentiment.
FTSE 100 movers: Abrdn hit by downgrade; Rolls-Royce rallies
London’s FTSE 100 was down 0. 2% at 7,153. 2 in afternoon trade on Friday.
US manufacturing growth slows in June as new orders dip
Manufacturing activity growth in the US slowed last month as new orders from clients shrank, the results of a key survey revealed.
Broker tips: CapCo, Shaftesbury, Abrdn, Jupiter Fund Management
Analysts at Berenberg lowered their target prices on both Capital & Counties and Shaftesbury on Friday as it took a fresh look at the UK real estate sector.
GM says delivery delays amid chip shortage won't impact earnings guidance
GM continued to grow its market shares over the three months to June thanks to pent-up demand for GM vehicles amid low inventories.
US open: Stocks start off Q3 in the red
Wall Street stocks were in the red early on Friday as major indices fail to put a horrific first half behind them.
Slug & Lettuce owner Stonegate exploring sale of 75 sites - report
Slug & Lettuce and Be at One owner Stonegate Group is reportedly exploring the sale of a 75-strong portfolio that could fetch up to £100m.
Director dealings: AB Foods director raises stake
Associated British Foods revealed on Friday that non-executive director Emma Adamo had acquired 45,000 ordinary shares in the FTSE 100-listed food processing and retailing company.
FTSE 250 movers: Jupiter hit by Citi downgrade; easyJet, Wizz take off
The FTSE 250 was down 0. 33% at 18,604. 32 at 1420 BST.
Berenberg lowers target price on CapCo and Shaftesbury
Analysts at Berenberg lowered their target prices on both Capital & Counties and Shaftesbury on Friday as it took a fresh look at the UK real estate sector.
Covid-19 cases surge during latest week due to BA.4 and BA.5 Covid-19 sub-variants
The number of new coronavirus cases in Britain jumped again during the preceding week, likely due to the more infectious BA. 4 and BA. 5 variants of the Omicron variant of Covid-19.
Citigroup in talks with local buyers over sale of Russian ops - report
Citigroup is reportedly in talks with several local buyers over a potential sale of its operations in Russia.
Das (RBI): "Cryptocurrencies are a clear danger, their value is based on fantasy"
Reserve Bank of India´s (RBI) Governor Shaktikanta Das stated that cryptocurrencies are a "clear danger" and that anything that gains value based on fantasy, without anything underlying, is nothing more than speculation under a fancy name. He added that as the financial system becomes increasingly digitized, cyber risks are increasing and require special attention.
Citi downgrades Abrdn, Jupiter to 'sell'
Citi downgraded Abrdn and Jupiter Fund Management to ‘sell’ from ‘neutral’ on Friday as it took a look at European asset managers.
US pre-open: Futures point to early losses on first day of Q3 trading
Wall Street futures were in the red ahead of the bell on Friday as the second half of 2022 looked set to start off much the same as the first one ended.
London midday: Stocks tick higher but gains muted amid recession fears
London stocks had pared earlier losses to trade just a touch higher by midday on Friday, helped along by a weaker pound, as recessionary fears and weak manufacturing data kept a lid on gains.