Market Pulse
Market overview: Fed rate hike prospects for 2015 go out the window
1630:Close Stocks recovered from the shock of a much weaker than expected US employment report for September to end the day in the green. Shares of precious metals miners and those financials most exposed to emerging markets fared best as traders pared back their bets of a December Fed rate hike and the chances of a rise were all but eliminated. As of the close of US trading Fed funds futures would be left pricing in just a 34% probability of an increase in rates come December, down from 46% before the jobs data hit the ticker.
Week ahead: Central bank minutes, Peru G7/G20 meetings in focus
There will be plenty of macroeconomic data and events out over the coming week to keep investors busy.
S&P upgrades Spain´s long-term debt to BBB+
Spain's gross domestic product will grow fast enough over the coming years to begin stabilising the stock of government debt, so long as the recovery in the labour market continues and deflation risks are kept at bay, Standard&Poor's said.
Sector movers: Precious metals drive markets to close on a high
The markets closed higher on Friday driven by natural resource companies after the price of precious metals rose.
London close: Stocks gain as disappointing non-farm payrolls push back rate hike forecasts
UK stocks ended higher on Friday after a disappointing US non-farm payrolls report pushed back expectations for an interest rate hike.
Broker tips: FirstGroup, Vodafone, Standard Chartered
Investec has retained its ‘buy’ rating and target price of 125p on FirstGroup after the transport operator said overall trading is in line with management’s expectations.
Europe close: Disappointing US non-farm payrolls trim gains but equities edge higher
European stocks relinquished most of their earlier gains but managed to close on an upbeat note on Friday, after a largely disappointing US non-farm payrolls report all but guaranteed the Federal Reserve will not hike interest rates this month.
Commodities: Gold spikes on US jobs data, oil and base metals shed gains
Oil benchmarks and base metals slumped on Friday, while gold futures recovered after a disappointing US jobs report sent the dollar tumbling.
FX Roundup: Dollar slides on US jobs data, EM currencies falter
The dollar retreated against a basket of global currencies on Friday following lacklustre US jobs data.
Investec retains 'buy' on FirstGroup after first half trading update
Investec has retained its ‘buy’ rating and target price of 125p on FirstGroup after the transport operator said overall trading is in line with management’s expectations.
Glencore director puts money back on the table
Glencore director William Macaulay has reinvested in the company as it continues its slow rebound.
KimEng upgrades StanChart´s Hong Kong-listed shares to buy
New sanctions penalties and potentially higher-than-expected losses from commodity finance will lead StanChart to go cap in hand to investors for fresh funds, but the shares are still too underappreciated, broker KimEng said.
US factory orders miss expectations in July
US factory orders fell missed expectations in August, official data showed on Friday.
Vernalis acquires rights to Pragma's MOXATAG treatment
Pharmaceutical group Vernalis has completed the acquisition of the US rights to the amoxicillin extended-release tablet brand MOXATAG from Pragma Pharmaceuticals.
UBS keeps Vodafone at buy
Organic service revenue growth at Vodafone grew by a “solid” 0. 7% over the three months to June and will accelerate to a 1. 3% pace in the third quarter, UBS said.
US open: Dow plunges over 200 points as non-farm payrolls rules out October rate hike
US equities slumped early on Friday, after a disappointing non-farm payroll report all but dashed expectations of an October interest rates hike by the Federal reserve.
England rugby loss could wipe billions from market
Billions could be wiped off England’s stock markets if the national team get knocked out of the Rugby World Cup this weekend, The Guardian has reported.
DJI Holdings receives go-ahead for mobile app trial
Chinese sports lottery products distributor DJI Holdings said its joint venture has received the authorisation to begin trial sales via mobile phones.
Conygar Investment buys development site in South Wales
The Conygar Investment Company has acquired a 9. 96 acre freehold serviced development site at Cross Hands in south Wales from Sainsbury’s Supermarkets for an undisclosed sum.