Market Pulse
US close: Boston Fed president hints at December rate hike
US equities dropped on Monday as investors continued to digest the ramifications of Friday's stronger-than-expected jobs report.
London close: Fed hike expectations drag FTSE lower
Financials did best on Monday although by the end of trading the wider market was tracking the large losses on Wall Street - which some analysts linked to profit-taking - as government bond yields edged higher after Friday's US jobs report.
Tuesday preview: Vodafone and Prudential interims expected to be solid
Although a relatively quiet day for macroeconomic data, Tuesday sees a handful of the FTSE 100's heavyweights reporting on their financial progress.
Sector movers: Utilities downgraded, banks hit by FSB capital rules
The utilities sector was the worst performer on Monday, with banks starting well but losing ground and fund managers well bought.
Market overview: Footsie lower as bond yields edge higher
1630:Close Stocks tracked Wall Street lower as markets reacted to slightly higher government bond yields. One analyst speaking on Bloomberg TV interpreted the move as profit-taking, as Treasury markets caught up with gains in the equity space. However, at 2. 37% the yield on the benchmark 10-year US Treasury note was rising on Monday oast the 2. 35% level which some strategists had singled out on Friday as technical resistance. Financials did best at the sector level on the top flight index, but nevertheless ended well off their best levels of the day.
FTSE 250 movers: Tullow surges on Moller-Maersk deal; investors hang up on TalkTalk
London’s FTSE 250 index was up 0. 2% to 17,191. 02 at 1510 GMT as investors continued to mull over last Friday’s stronger-than-expected US non-farm payrolls report and its implications on the timing of the next Fed rate hike.
Europe close: Widespread stock decline as OECD forecast drags markets lower
European stocks began the week on a downbeat after a report warned of a drastic slowdown in global trade growth this year.
Tesco's liquidity improved with South Korean unit sale, says CEO
Tesco's liquidity profile has improved following the £4bn sale of the supermarket leader's South Korean unit, according to chief executive Dave Lewis.
WADA wants Russian athletes banned as huge doping scandal erupts
Russian athletes should be banned from athletics competition due to widespread doping at the top level of the country's sport, the World Anti-Doping Agency (WADA) commission has recommended, with Interpol confirming it will coordinate a global investigation into the allegations.
Strat Aero joins US drone consortium
AIM-listed aerospace company Strat Aero has become an affiliate member of the consortium of companies in the Autonomous and Unmanned Systems Cluster (AUSC) of south-eastern New Mexico.
TekCapital files patent for Moje wearable charging device
Tekcapital has filed a patent in the US for a wearable device called Moje that harvests energy from everyday human activity and stores it for the charging of personal electronic devices.
Broker tips: StanChart, National Grid, United Utilities
StanChart´s stock looks oversold in the near-term so there is upside to be had in the shares and with the announcement of a rights issue behind us investors will soon be past the point where they are fearful of the risks of dilution a top broker said on Monday.
Commodities: Oil sees lacklustre trading as Saudis maintain output
Oil futures saw lacklustre trading on Monday, as Saudi Arabia indicated it would not lower its crude production levels while Fitch Ratings cut its oil price assumptions.
HSBC analyst sees pound dropping towards 1.40 versus US dollar
HSBC saw the potential for a large move lower in the value of the pound against the US dollar.
Fitch downgrades Volkswagen´s long-term debt rating
The inability of Volkswagen´s top management to either notice or correct the events leading up to the fraud on emissions tests involving 11m vehicles meant the manufacturer did not warrant an A debt rating, Fitch said.
StanChart still faces hurdles, Nomura says
Standard Chartered's stock looks oversold in the near-term so there is upside to be had in the shares and with the announcement of a rights issue behind us investors will soon be past the point where they are fearful of the risks of dilution, Nomura said.
Barclays appoints Standard Life's Gerry Grimstone as deputy chairman
Barclays said Standard Life chairman Sir Gerry Grimstone will succeed Sir Michael Rake as senior independent director and deputy chairman with effect from January next year.
Cambian Group chief tries to reignite confidence in company
Cambian Group’s chief executive officer is doing his bit to give investors confidence in the company.
Tullow Oil surges on Moller-Maersk's African expansion
Shares in oil exploration and production company Tullow Oil surged on Monday after Copenhagen-based A. P. Moeller-Maersk A/S agreed to buy half of Africa Oil Corp. ’s shares in licenses in Kenya and Ethiopia, where Tullow operates some blocks.
FTSE 100 movers: Financial companies' rises offset IHG and utility falls
The FTSE 100 started the day on a high but slowly started to sink into the red, with the market down 4. 22 (0. 07%) by mid-afternoon to 6,349. 61 despite a strong performance from financials.