Market Pulse - Commodities
Commodities: Energy and copper futures slide
Crude oil and copper futures slid sharply on the final day of the month, with concerns around the current state of US-China trade talks triggering a wave of selling, albeit amid holiday depleted tradung volumes.
Week ahead: Global manufacturing and US jobs market in focus
The market spotlight over the coming week will shift to global manufacturing and the US jobs market.
Daimler to cut 10,000 jobs by 2022
Mercedes Benz owner Daimler will cut at least 10,000 jobs worldwide by 2022 as it looks to fund a drive towards further electric vehicle production.
UK should invest £20bn into UN climate fund by 2030 to pay its 'fair share'
The latest report from the Institution for Public Policy Research (IPPR) says the UK should put £20. 0bn into the UN climate fund by 2030 to pay its “fair share”.
Planned Npower closures threaten 4,500 jobs
Energy giant npower is set to close most of its eight UK sites as part of a cost-cutting drive, putting 4,500 jobs on the line.
Commodities: Oil and copper futures dip as US signs HK bill into law
Commodity prices weakened on Thursday after the US President signed into law a new bill that some observers worried might trip up trade negotiations with Beijing.
Friday preview: UK data and US-China trade in focus
The focus at the end of the week will shift towards the UK consumer, with readings on consumer confidence and lending for November both due for release.
China accuses US of 'sinister intentions' after Trump signs Hong Kong pro-rights bill
China’s Ministry of Foreign Affairs said Thursday it was opposed to the US government's signing of a bill supporting Hong Kong protesters' rights into law and accused the Trump administration of having "sinister intentions".
Panasonic to sell chip unit to Nuvoton for $250m
Panasonic said it would sell its semiconductor unit to Taiwan’s Nuvoton Technology for $250. 0m as it struggles to boost its profitability amid a lack of fresh growth drivers.
Canaccord axes target price on iGas
Analysts at Canaccord Genuity cut their target price on exploration and production company IGas Energy in half on Thursday in order to incorporate Westminster's changed stance on fracking.
Post-Brexit tarriffs would cost UK car industry £42.7bn by 2024
The latest report from the Society of Motor Manufacturers and Traders urged Westminster to deliver an ambitious Brexit deal, warning that tariffs could decimate UK car production.
Ikea invests 200m euros in drive to become carbon neutral
Ikea’s parent company is set to invest an additional €200. 0m in green energy and planting forests in a bid to become the world’s largest carbon-neutral furniture retailer by 2030.
Chinese industrial profits slump as trade war hits home
China’s industrial profits fell at the steepest rate in eight months in October, data released overnight showed, undermined by Beijing’s increasingly bitter trade war with Washington.
Credit Suisse forecasts 'modest' single-digit gains for stocks in 2020
Strategists at Credit Suisse forecast "modest" single-digit returns for equity investors in 2020, despite a wide assortment of risks which were expected to buffet financial markets, even if the US-China trade war eased and Brexit related uncertainty decreased.
US and China reach 'consensus' over trade deal - report
Washington and Beijing have reportedly reached a ‘consensus’ on trade talks, spurring hopes that a deal could be imminent.
Signing of Hong Kong bill could sour US-China trade relations
US-China relations will sour if President Donald Trump signs a pro-Hong Kong rights bill into law and could possibly negatively impact the ongoing bilateral trade talks aimed to reaching a so-called “phase one” deal.
Severn Trent profit stumbles as costs mount
Severn Trent on Thursday reported a drop in interim profit as infrastructure costs offset an increase in revenue, though the company still raised its dividend.
Energean signs $1.0bn gas sales and purchase agreement
Offshore exploration firm Energean Oil & Gas has inked a gas sales and purchase agreement for the sale of approximately 0. 5bn cubic metres of natural gas per year.
US-China trade deal may not be completed in 2019
The US and China may not ink a preliminary trade deal before year-end as Beijing holds out for an agreement on rolling back some of the levies which have been imposed on its exports and Washington ups its own demands in response.
Tata Steel set to cut 3,000 jobs, unions seek urgent talks
Tata Steel are set to cut 3,000 jobs across Europe and unions are seeking urgent talks with the Port Talbot owners.