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Week ahead: BoE, BoJ, Fed and US jobs data in focus
The coming week will see rate-setters in the UK, Japan, and US meet to decide on interest rates.
Europe close: Stocks end week on positive note
European stocks wrapped the week up on a positive note as investors reacted to just released key US inflation data.
Weekly review
The FTSE 100 ended the week up 129. 99 points, or 1. 59%, closing at 8,285. 71 on Friday.
London close: Stocks finish higher as US inflation slows
London stocks ended the week on a positive note on Friday, with NatWest a standout performer, as investors digested a dip in inflation from across the pond.
Broker tips: Lloyds Banking Group, Unilever
RBC Capital Markets downgraded Lloyds Banking Group on Friday to 'sector perform' from 'outperform' after the shares hit its 60. 0p price target.
Jupiter Fund Management reports dip in 1H AuM
Jupiter Fund Management reported a dip in assets under management for the first half of the year.
Director dealings: Assetco director raises stake via Harwood interest
Assetco revealed on Friday that director Christopher Mills had purchased 2. 65m ordinary shares in the AIM-listed wealth management firm.
Man Group posts jump in 1H AuM, says business in 'great shape'
Man Group reported a jump in assets under management over the first half of the year and said the business was in "great shape" heading into the back half of 2024.
US consumer confidence little changed in July amid high prices
US consumer confidence was little changed in July, for a third month in a row, the results of a closely followed survey showed.
Apollo to buy IGT Gaming and Everi in $6.3bn deal
Apollo Global Management has agreed to buy International Game Technology’s gaming and digital business - IGT Gaming - and gambling machines firm Everi Holdings in a $6. 3bn cash deal.
FTSE 250 movers: Drax powers ahead after results; Computacenter falls
London’s FTSE 250 was 2% higher at 21,320. 40 in afternoon trade on Friday.
US open: Stocks higher as traders digest PCE reading
Wall Street stocks were in the green early on Friday as traders digested the latest personal consumption expenditure reading - the Federal Reserve's preferred inflation gauge.
FTSE 100 movers: NatWest surges after results; Rightmove edges down
London’s FTSE 100 was up 0. 9% at 8,262. 14 in afternoon trade on Friday.
Europe midday: Stocks move into the black
European stocks were heading higher for the most part in early afternoon trading as investors reacted to just released key US inflation data.
US personal incomes undershoot forecasts in June, inflation dips
Americans continued to spend at a steady pace in June while inflation slowed alongside.
US pre-open: Futures trade higher ahead of PCE reading
Wall Street futures were in the green ahead of the bell on Friday ahead of the latest personal consumption expenditure reading - the Federal Reserve's preferred inflation gauge.
Mercedes-Benz Q2 earnings fall as car sales slip
German automotive giant Mercedes Benz posted a sharp fall in adjusted earnings in its car division during Q2 as it continues to struggle with model changeovers and weakened Asian trading.
3M comfortably beats expectations for Q2 revenue, earnings
American industrial conglomerate 3M announced a strong set of second-quarter results on Friday, comfortably beating market expectations as it narrowed its guidance for the full-year towards the top end of its previous expectations.
London midday: Stocks stay up as investors eye US inflation reading
London stocks were still in the black by midday on Friday, with NatWest pacing the gains after well-received results, as investors eyed a key US inflation reading.
Berenberg hikes target price on Unilever
Analysts at Berenberg hiked their target price on consumer goods giant Unilever from £49. 60 to £55. 70 on Friday, stating that the group's recent H1 results highlighted a return to "high-quality earnings growth".