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US close: Dow, S&P 500 jump after data hints at economic slowdown
US stocks rallied into the close on Friday with the Dow and S&P 500 rising strongly after economic data showed a moderation in consumer spending growth and the slowest monthly gain in prices so far this year – two factors that could increase the pressure on the Federal Reserve to start cutting interest rates.
Week ahead: US non-farm payrolls, ECB in the spotlight
Investors' attention over the coming week will be squarely on the US May non-farm payrolls report due out on Friday.
Europe close: Stocks rise as investors digest mixed inflation data
European stocks finished with moderate gains on Friday as investors digested a batch of mixed economic data from both sides of the Atlantic.
London close: Stocks end up as investors mull US inflation reading
London stocks ended up on Friday as investors mulled the latest US inflation reading, with broker notes helping to lift the top-flight index.
Directors deals: Hochschild Mining boss adds to holdings
The boss of Hochschild Mining picked up some shares in the precious metals miner as they hit three-year highs.
FTSE 250 movers: Harbour Energy on the rise; Aston Martin hits the brakes
FTSE 250 (MCX) 20,705. 05 0. 17%.
US personal income and spending ease in April, core PCE prices slow
Americans reined in their spending a tad during the previous month, even as price pressures ebbed a smidgen.
FTSE 100 movers: National Grid boosted by broker note; JD Sports out of fashion
London’s FTSE 100 was up 0. 4% at 8,263. 76 in afternoon trade on Friday .
Declining orders drag Chicago PMI lower for sixth consecutive month in May
Factory sector a activity in the Chicago area slowed for a sixth month running in May, the results of a survey showed.
US open: Stocks edge higher as spending and core inflation cools
US stocks moved into positive territory on Friday, with the Dow snapping a three-day losing streak, after economic data showed that core inflation had personal spending slowed more than expected in April.
JD Sports shares slump as Q1 sales fall amid 'volatile' market
Shares in JD Sports Fashion fell sharply on Friday despite the company holding annual guidance amid a "volatile" market as it said group current-year first-quarter like-for-like sales were down 0. 7% and 6. 4% in the UK.
Headache for ECB as eurozone May inflation rises more than expected
Eurozone inflation rose in May, according to official data published on Friday, as prices stubbornly refused to shift and indicating a tougher path ahead for the European Central Bank's monetary policy.
Europe midday: Shares rally despite rise in May EZ inflation
European shares rallied on Friday as investors digested higher-than-expected flash eurozone inflation data and awaited a key CPI measure from the US.
London midday: Stocks rise as broker notes lend a hand; US PCE eyed
London stocks had edged further into the black by midday on Friday, with broker notes helping to lift the top-flight index, as investors eyed the release of US CPE figures.
STMicroelectronics unveils plans for €5bn chip plant in Italy
Europe semiconductor giant and Apple supplier STMicroelectronics on Friday announced plans to build the world first fully integrated silicon carbide (SiC) facility in Italy, requiring a total investment of €5bn.
Short-lived sunny spell helps boost UK supermarkets
UK supermarket sales pushed higher in May, industry data showed on Friday, boosted by a brief spell of warmer weather.
JPMorgan reiterates ‘overweight’ on Whitbread
JPMorgan Cazenove reiterated its ‘overweight’ rating on Whitbread on Friday as it said it continues to be one of its key convictions, and sees the recent pullback - the shares are down 20% year-to-date - as "an opportunity to revisit the story".
Jefferies reiterates 'buy' on National Grid, trims price target
Jefferies trimmed its price target on National Grid on Friday as it reiterated its ‘buy’ rating on the energy infrastructure firm.
UK consumer credit halves while mortgage approvals dip
The amount of credit given to UK consumers halved in April, according to data out on Friday from the Bank of England, while mortgage approvals fell as buyers held out for a potential cut to interest rates later this summer.
RBC Capital lifts Centrica to ‘outperform’, shares rally
RBC Capital Markets upgraded Centrica on Friday to ‘outperform’ from ‘sector perform’ and lifted the price target to 170p from 145p.