Market Pulse
Sector movers: Natural resource stocks hammer London market
Declines in metal futures saw commodities linked stocks drag the London market lower on Thursday.
Commodities: Copper futures plummet to fresh six-year lows
Oil markets saw another day of lacklustre trading on Tuesday, while copper futures fell to fresh six-year lows on poor economic data from China.
Europe close: Stocks shrug off slowdown worries to edge higher in data-free session
European equities edged higher on Tuesday, shrugging off fresh bad news from China and some hawkish comments from a top European Central Bank (ECB) official.
Bonds: Periphery debt gains despite fall of Lisbon government
These were the movements in the most widely followed 10-year sovereign bond yields:.
Market overview: Analyst warns of poor market internals
1630:Close Very low inflation readings in China and copper prices at six-year lows (COMEX and NYMEX will remain closed on Wednesday) weighed on markets, as did the continued selling pressure on Wall Street following October’s sharp gains. Anglo American was left reeling from negative analyst comments out of Barclays and JP Morgan. In fact, the first of those two brokers downgraded the entire sector. To take note of perhaps, Dana Lyons, a partner at J. Lyons Fund Management, pointed out the poor internals in the Nasdaq-100s recent advance, which has increasingly been led by fewer and fewer stocks.
London close: Miners down as copper slips again
Investors stayed on the sidelines, deterred by weak inflation data out of China and as the Prime Minister laid out his conditions to Brussels for Britian to remain within the UK.
Cameron outlines his demands to Brussels
The Prime Minister kicked off his renegotiation of the UK’s membership of the European Union on Tuesday, calling for curbs on the club’s rules on migration and less ‘red tape’.
FX Roundup: Yen trailing major currency crosses in European trading
Carry trade volumes and a stronger dollar left the yen trailing other currency crosses on Tuesday.
Wednesday preview: UK unemployment eyed flat, Sainsbury's plunging profits
Wednesday will see a official UK unemployment reading as well as a smattering of UK corporate updates, including a big decline in profits at Sainsbury's.
Centralnic sales of top-level domains surges on xyz
Boosted by the popularity of the . xyz website suffix, CentralNic has become the first internet registry wholesaler to sell more than 2m new top-level domain (TLD) names, according to industry data.
Asda pulls out of Black Friday and others may follow
With the retail sector already being affected by the looming discount phenomenon of Black Friday, Asda has confirmed it will “step away” from taking part, despite having UK introduced the event two years ago.
RBS executives receive fixed share allowance
A number of key staff members at Royal Bank of Scotland all made a tidy bonus on Tuesday.
ECB ready to act against downside risks to inflation, Liikanen says
The European Central Bank stands ready to act to safeguard price stability amid downside risks to euro area growth and prices, a member of the European Central Bank’s governing council said on Tuesday.
Tyman warns full year profit will miss expectations
Doors and windows components supplier Tyman warned that its operating profit for the year is likely to fall short of expectations after a disappointing performance in the summer.
easyJet trials wearable technology in crew uniforms
easyJet will trial new uniforms for its crew that incorporate wearable technology.
Lonmin tumbles as investors run for the exit ahead of rights issue
Shares in beleaguered platinum miner Lonmin tumbled for the second day in a row as investors rushed for the exits ahead of a highly-discounted rights issue.
FTSE 250 movers: Miners slump on Barclays downgrade; DCC shines after interims
London’s FTSE 250 index was down 0. 5% to 17,027. 36 at 1500 GMT as weakness in the mining sector proved a drag.
Goldman Sachs and BofA wax optimistic on Experian
Analysts at Bank of America-Merrill Lynch and Goldman Sachs waxed optimistic on Experian following the information services provider’s first half figures, hailing the company’s “solid” organic revenue growth despite macro and FX headwinds.
FTSE 100 movers: Wolseley downgrade leads market to continue falling
The FTSE 100 continued to slide on Tuesday, with the market down 15. 27 (0. 24%) to 6,279. 89 by mid-afternoon.
US open: Stocks skid after disappointing economic data
US equities edged lower early on Tuesday, as they extended the decline from the previous session after some uninspiring data.