Market Pulse
US close: Stocks led lower by energy sector as investors digest Fed comments
US stocks ended in the red on Thursday, with weaker oil and metals prices taking their toll on the energy and resources sectors as investors digested comments from a series of Federal Reserve speakers.
Thursday newspaper share tips: Great Portland Estates, Inbev/SAB Miller
The great divide in property values is still growing between London and the rest of the UK – and that’s all the more reason to hold on to shares in Great Portland Estates, said The Telegraph on Thursday.
Oil glut biggest since financial crisis, OPEC says
Sustained low oil prices have seen the Organization of Petroleum Exporting Countries maintain their forecasts for global demand in 2016 as consumer nations increase their purchases.
Bonds: BoE's Haldane strikes extraordinarily dovish note at TUC
These were the movements in the most widely followed 10-year sovereign bond yields:.
Sector movers: Energy, mining stocks hammer London market
Mining, oil and gas stocks continued to drag the London market lower on Thursday, as the commodities sphere registered sharp declines across the board.
Commodities: Oil pummelled by US inventory data, increasing Iraqi exports
Oil futures took a hammering on Thursday on rising US stockpiles and evidence of increasing Iraqi oil exports.
CCH executive sells stock
A finance executive at Coca-Cola Hellenic is in for a serious windfall, having exercised a number of stock options.
London close: Fed hawks and Chinese data send Footsie lower
More hawkish remarks than usual from two US rate-setters, alongside hard-to-read Chinese credit statistics took markets lower on Thursday.
Market overview: Stocks down, oil down, copper down
1630:Close Profit warnings or fears thereof (Pearson) were the name of the game on Thursday. Stocks ended the session with sharp losses, with Rolls Royce at the bottom of the pile after its most recent warning. Analysts at Investec followed up the news reiterating their recommendation to sell, while the talk on Bloomberg TV was of one analyst who said the shares could be in for the classic near-death aerospace stock price correction. That would see them drop about 80% from their most recent highs, versus approximately 50% at present.
FX Roundup: Aussie dollar bounces on positive jobs data
The Australian dollar rose nearly 1% during the Asian session on Thursday, after data indicated that unemployment in the country had declined from 6. 2% in September to 5. 9% last month.
Europe close: Stocks tumble after Draghi hints at more QE
European equities tumbled on Thursday as earnings downgrades undermined sentiment, while the euro lost ground after European Central Bank chief Mario Draghi hinted that further policy easing may be on the cards.
Oil futures drop after US weekly inventory data
Weekly US oil inventories jumped last week according to the latest US government data.
Aviva studying possible sale of Irish health insurance unit, report says
Aviva has hired bankers to explore the possible sale of its Irish health insurance operations, Sky News reported.
Greencoat UK Wind unveils plans to raise GBP50m to fund acquisition
Wind farm infrastructure investor Greencoat UK Wind unveiled plans to raise up to £50m through a share placing to fund an unspecified investment.
US job openings jump to second highest ever level
US job openings surged past expectations in September to reach their second highest level since records began, data released on Thursday showed.
FTSE 250 movers: Earnings downgrades weigh on London's midcaps
London’s FTSE 250 was down 1. 4% to 16,858. 34 as a series of earnings downgrades soured the mood.
FTSE 100 movers: Rolls-Royce tumbles on profit warning, but BAE systems jumps
London’s FTSE 100 index was down 1. 5% to 6,204. 27 at 1435 GMT as huge losses for Rolls-Royce weighed on the index.
US open: Dow tumbles 140 points as jobless claims miss estimates
US stocks slid early on Thursday, as investors analysed a report on jobless claims ahead of appearances by a number of Federal Reserve speakers.
Rolls-Royce shares tank after profit warning
Shares in Rolls-Royce tanked after the aerospace and engineering firm said earnings for the year will be at the low end of guidance as it downgraded its expectations for next year and warned of a possible cut to the dividend.
Friday preview: Eurozone Q3 GDP flash estimate, Rotork update eyed
Investors will have a slew of data releases to sink their teeth into on Friday, although the corporate calendar is looking pretty light.