Market Pulse
US close: Stocks finish higher as investors digest services data
US shares finished in positive territory on Monday as disappointing services data fuelled hopes the Federal Reserve will keep interest rates unchanged for longer.
Sector movers: Natural resources stocks lead London market higher
Natural resource related stocks pushed the London market higher on Monday, following an uptick in oil and base metal prices.
Commodities: Oil, base metals rise but gold falters
Gold was trading marginally lower in Europe on Monday afternoon, while oil benchmarks and selected base metal contracts began the week on a more positive footing.
London close: Stocks end higher despite negative services data
UK stocks gained as the market proved resilient against a batch of negative services data on hopes the Federal Reserve will keep interest rates unchanged for longer.
Europe close: Equity markets rally as oil and gas stocks lead the way
European stocks rallied on Monday, as a surge in oil and gas and basic resources stocks offset disappointing economic data from the US.
Copper prices should rise as supply decreases- Glencore boss
The head of Glencore believes copper prices should rise as more companies cut back mine production, according to Bloomberg.
BP settlement finalised over 2010 Gulf oil spill
A $20. 8bn settlement has been finalised by the US Department of Justice and five states over the 2010 Deepwater Horizon oil spill, Associated Press reported on Monday.
Market overview: Commodities and EM-related stocks lead rebound
1630:Close Commodities-related and emerging market facing shares led gains on Monday as news broke the US, Japan and 10 other Pacific rim countries had inked a controversial and sweeping trade agreement covering about 40% of the world economy. That came amid weaker than expected readings on the services sector in both the euro area and the UK. A weekend report suggested that Glencore might be ready to contemplate a sale of the entire company.
Broker tips: Barclays, Lloyds, Rio Tinto, Glencore, BHP Billiton
The FCA´s move on Friday to draw a line under the Payment Protection Insurance scandal is positive overall for the industry, with Lloyds likely to be the most favourably impacted, followed by Barclays, according to JP Morgan.
Capital & Regional director reshuffles investments
Capital & Regional’s Hugh Scott-Barnett has been reshuffling his assets.
FX Roundup: Currency crosses mixed as US ISM services index drops
The forex market failed to record dominant movements in favour of any major currency on Monday, as most global crosses began the week’s trading with mixed fortunes.
Tuesday preview: Ted Baker to report healthy first half results, analysts expect
Fashion retailer Ted Baker is expected to report robust first half earnings on Tuesday, as demand for the luxury brand grew.
US Markit PMI shows slowdown in services sector in September
Momentum in the US services sector petered out in September, to reach its lowest level since June, data released on Monday showed.
IAG traffic and load factor rise in September
British Airways and Iberia parent International Consolidated Airlines Group said group passenger traffic, measured in revenue passenger kilometres, was up 13. 9% from last year in September to 21. 4m.
JP Morgan stays at overweight on Lloyds and Barclays
The FCA´s move on Friday to draw a line under the Payment Protection Insurance scandal is positive overall for the industry, with Lloyds likely to be the most favourably impacted, followed by Barclays, according to JP Morgan.
Hargreaves Services plunges as conditions in thermal coal markets remain weak
Shares in Hargreaves Services plunged on Monday, after the group said conditions in the thermal coal markets remained difficult.
FTSE 250 movers: Kaz Minerals shoots higher as copper gains; Playtech slumps
London’s mid-cap index was up 1. 7% to 17,084. 45 at 1450 BST, tracking broader gains in the market as last week’s disappointing nonfarm payrolls report prompted investors to push back expectations of a Federal Reserve rate hike.
FTSE 100 movers: Glencore leads the way again
The FTSE 100 was unaffected by England’s Rugby World Cup loss despite analyst predictions last week, with it sitting at 6,282. 02 mid-afternoon on Monday, rising 152. 04 points (2. 48%).
Investec reiterates buy and 86p target on Lloyds
The UK government confirmed it would continue to forge ahead with the re-privatisation of Lloyds via a retail sale of at least 2bn pounds in spring 2016, news which should please investors, Investec said.
US ISM services index declines to lowest level since June
The US services sector grew at their slowest pace since June, figures released on Monday showed.