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Market Pulse
19 Oct
new york stock exchange, nyse, markets, wall street. photo: herval
US close: Stocks edge higher after choppy session, oil prices plunge

US equities closed a choppy session slightly higher on Monday, as disappointing Chinese data and a series of unimpressive earnings report did little to lift morale among investors, while oil prices tumbled.

19 Oct
nuclear
Iran expects nuclear deal to be implemented this year

Iran is expected to reach a nuclear deal with six other nations by the end of the year, according to an official on Monday.

19 Oct
Syrian forces step up offensive with move on Aleppo

Syrian government forces last week stepped up an ambitious offensive to take back large parts of the country, analysts said.

19 Oct
Copper
London close: Footsie underperforms on weakness in commodities

The top flight index underperformed as commodity markets weakened on the back of soft Chinese fixed asset investment and industrial production figures.

19 Oct
union-europea-banderas
Europe close: Stocks little changed as traders weigh Chinese data

European equities were little changed on Monday as traders weighed a batch of Chinese data.

19 Oct
London, city, DL
Sector movers: China drives commodity related equities down

Commodities drove a number of key sectors down on Monday, as analysts started to crunch the numbers from China.

19 Oct
Associated British Foods, ABF, Primark, retail, autumn 2014 range. Photo: PRShots.com
Broker tips: AB Foods, Vodafone, Oxford Instruments

Berenberg downgraded Associated British Foods to ‘hold’ from buy’, keeping the target price at 3,450p.

19 Oct
Commodities: Oil and metals prices slide on China slowdown

Oil and metals prices were under the cosh on Monday following further evidence of a slowdown in China.

19 Oct
oilfield
FTSE 250 movers: Oil companies and oilfield services on the slide

The FTSE 250 crawled back into positive territory on Monday afternoon after the UK mid-cap lost momentum from its early spike.

19 Oct
meeting, takeover, talks, bid, merger, acquisition
REA Holdings directors join in fundraising as palm oil prices bounce back

Two directors of palm oil plantation group REA Holdings have topped up their stakes in the company as part of a £4. 4m fundraising.

19 Oct
S&P hails India's improved monetary credibility

India’s external position and institutional strengths were seen underpinning the country’s credit worthiness in the short-term, but its historical weaknesses would act as an impediment to any improvement, analysts at Standard&Poor’s said.

19 Oct
Weir Group, oil & gas services
88 Energy jumps after unveiling plans to apply for Alaska drilling permit

Shares in 88 Energy jumped on Monday, after the oil and gas explorer unveiled plans to apply for a drilling permit for the Icewine-1 well in Alaska this week.

19 Oct
finance,data,financial
International PPL to raise up to GBP450m to pay down debt, make investments

International PPL plans to raise up to £150m through a placing open offer and offer for subscription and up to £300m by way of a placing programme.

19 Oct
barclays, bank
Barclays reaches $325m settlement over mortgage-backed securities

Barclays has reached a settlement with the US National Credit Union Administration to resolve two outstanding civil lawsuits for $325m.

19 Oct
Rio Tinto, mining, diamond mine in Zimbabwe
FTSE 100 movers: Miners decline on the back of Chinese data

The FTSE 100 started the day on a high but by mid-afternoon had dropped to 6,359. 06, down 18. 98 points (0. 30%) as analysts started to crunch data from China.

19 Oct
Housing, construction, building
US house builder confidence hits highest level since 2005

House builder confidence rose to its highest level in a decade in October, data released on Monday showed.

19 Oct
internet computers
JQW operations remain suspended

Business-to-business e-commerce operator JQW said its operations remain suspended as it carries out further training for new staff that it has recruited to strengthen its website monitoring activity.

19 Oct
nuclear, babcock
Babcock's Kate Swann to retire as non-exec

Babcock announced that independent non-executive director Kate Swann has decided to retire from the board with effect from 31 December.

19 Oct
Dairy cows, milk, butter, food
CMA approves Dairy Crest disposal to Muller

Dairy Crest's disposal of its dairy business to Germany's Müller has been given the green light by the UK competition regulator.

19 Oct
asos, plus size
Tuesday preview: Asos to report 'positive momentum' in full-year

Online fashion retailer Asos is expected to report “a continuation of positive momentum” in full-year sales on Tuesday, according to HSBC analysts.