Market Pulse
Commodities: Metals rally but oil futures see correction on profit taking
Oil futures headed lower as profit taking took hold on Friday, while metals recovered from previous lows in the absence of any major intraday data influencing the commodities market direction.
Week ahead: Inflation figures in UK, China and US flood market
Inflation data in the UK, China and the US will be in the spotlight this coming week.
Europe close: Markets extend gains as energy stocks rally
European stocks rose, led higher by strength in the mining sector as investors welcomed dovish signals from the Federal Reserve.
London close: Mining and metal stocks help end week on a high
Glencore led mining shares higher as investors welcomed its decision to cut 500,000 tonnes or around a third of its annual zinc production as it looks to combat declining prices.
FX Roundup: Dollar sees mixed fortunes as weekend approaches
The dollar saw mixed fortunes against a basket of global currencies on Friday, as the US wholesale inventories data for August beat market expectations.
US wholesale inventories beat expectations in August
US total wholesale inventories beat expectations in August, figures released on Friday showed.
Tesco's self-imposed director dealings ban lifted
Tesco director Deanna Oppenheimer has purchased 17,000 American Depository Receipts (ADR) after a self-imposed ban on director dealings was lifted.
Sector movers: Metal prices drive markets up
Industrial metals and mining stocks helped the London markets continue their rise on Friday, also boosted by Thursday’s release of the Federal Reserve minutes.
Fed Lockhart says 2015 rate hike is still 'likely appropriate'
The US central bank could still hike interest rates this year, the president of the Atlanta Federal Reserve said on Friday.
Sir Gerry Grimstone said to be in talks over top Barclays role
Sir Gerry Grimstone, a former privatisation adviser to Margaret Thatcher, is reportedly in talks to join the board of Barclays as it prepares for a shake-up under new chairman John McFarlane.
Al Noor Hospitals confirms approach from NMC Health
Al Noor Hospitals confirmed that it has received an approach from NMC Health regarding a possible offer.
FTSE 250 movers: Vedanta gains on production report
London’s FTSE 250 index edged higher on Friday and by 1500 BST was up 0. 6% to 17,111. 22, rising in line with the broader markets as investors welcomed dovish minutes from the Federal Reserve.
US open: Equities edge higher as Fed hints at keeping interest rates on hold
US stocks edged higher on Friday, after the minutes from the latest Federal Reserve meeting showed the US central bank might delay an interest rates hike until next year.
US import prices decline sharply in September
The prices the US paid for imported goods declined more than expected in September, data released on Friday showed.
FTSE 100 movers: Glencore rises as zinc output cut; Investors happy with StanChart report
The FTSE 100 was up 63. 88 points (1. 00%) to 6,438. 70 mid-afternoon Friday, rallying on the back of Thursday’s release of the Federal Reserve minutes.
PeerTV confirms talks with Digitek loan note holders
PeerTV noted the big jump in its shares on Friday and confirmed it has commenced preliminary discussions regarding a debt to equity conversion with key loan note holders of Digitiek SMT Assemblies Limited.
Lagarde says China expected to gain momentum next year
China’s economy is not all “doom and gloom” despite its slowdown, according to the International Monetary Fund’s chief.
SABMiller raises cost savings targets
SABMiller, which rejected a third offer from Anheuser-Busch InBev this week, said on Friday that it has increased its annual run rate cost savings target.
Abzena highlights Roche's acquisition of Adheron Therapeutics
Life sciences company Abzena announced that Roche has acquired Adheron Therapeutics, which is a privately-held biotechnology company developing the SPD051 product that disrupts cell adhesion using Abzena's Composite Human Antibody technology.