Market Pulse
FX Roundup: Dollar extends gains against major crosses
The dollar surged against a basket of global currencies on Monday, with the likelihood of an interest rate hike by the US Federal Reserve as early as December being priced in by Asian and European traders.
US close: Equities edge lower as commodities remain under pressure
US stocks declined on Monday, as gold remained under pressure while oil prices recovered some of their earlier losses.
Sector movers: Supermarkets, miners drag London market down
Decline in supermarket and natural resource stocks on Monday meant the London market began the week lower, with a stronger dollar sending the entire commodities complex tumbling.
Commodity gauge drops to 1999-lows, euro slips again
The Bloomberg Commodity index plumbed a 16-year low on Monday even as oil futures bounced back on a statement from the Saudi cabinet saying the country stood ready to use all measures to keep the market stable.
London close: Stocks end lower as investors weigh disappointing US data
London stocks ended lower on Monday as traders scrutinised US data that missed forecasts and the rout in commodity markets deepened.
NY Attorney General probes 'spoofing' in FX markets
US authorities have reportedly subpoenaed various interdealer brokers, including Icap and Tullet Prebon as part of a probe into currency-market 'spoofing'.
Commodities: Oil recoups losses, metals hammered in Europe
Oil benchmarks recouped losses late on Monday, while metals took another hammering in European trading.
Market overview: Defence stocks help to prop up index
1630:Close Defence stocks helped to prop up the top-flight index as the Bloomberg Commodity index slipped to 1999-lows on worries of a larger than expected Yuan depreciation next year, according to brokers. Nevertheless, it was the likes of Tesco and Morrison which got thumped, dropping to the bottom of the pile. In other asset classes, euro/dollar fell back towards 1. 06 while volatility was the name of the game out in the oil patch. Front month Brent crude futures slipped to a near two-and-a-half month low early in the day but finished higher after Saudi Arabia´s government cabinet said the country was willing to take all measures to keep the market stable.
Europe close: Single currency slips as Credit Suisse warns of falling liquidity
European stocks saw some profit-taking on Monday as weakness in the commodity space weighed on benchmarks, with hawkish remarks over the weekend from a US Fed official also serving to limit gains.
Bank of America Merrill Lynch releases 2016 tips
Crystal ball-gazing is a hot button issue for many at this time of year, and Bank of America Merrill Lynch is the latest to jump on the medium bandwagon. Here are the bank’s five trade picks for the year ahead:.
Ironveld surges on South Africa update and narrower annual loss
Shares in Ironveld surged over 12% on Monday, after the fluorescent tubes recycler posted a narrower annual loss and said its South African project was progressing well.
RBC´s Gollub sees S&P 500 clocking in with 10% advance in 2016
RBC´s arch-bull Jonathan Gollub saw the US stockmarket powering ahead in 2016 as commodity prices stabilised and the US dollar and interest rates moved higher.
SOCO International chair stumps up £0.3m to back company
After a trading update last week saw shares in SOCO International dive, its chairman has stumped up nearly £300,000 to back his company.
Ten Alps appoints new CFO
David Galan has been appointed as chief financial officer (CFO) of Ten Alps, the multimedia company said on Monday.
US existing home sales decline more than expected in October
Sales of existing US homes fell more than expected in October, data from the National Association of Realtors showed on Monday.
US open: Equities struggle for direction as commodities remain under pressure
US stocks moved in tight ranges early on Monday, with commodity shares under the cosh as oil prices continued to decline.
Nostrum Oil and Gas has target price slashed
Nostrum Oil and Gas shares have dived after RBC Capital Markets downgraded the stock from ‘outperform’ to ‘underperform’ and slashed its target price from 800p to 300p.
FTSE 250 movers: Nostrum drives market down as target price slashed
After a five day streak of rises, the FTSE 250 started this week in the red, down 77. 07 points (0. 45%) to 17,112. 04 by mid-afternoon Monday.
General Electric to sell UK home loans portfolio
General Electric is selling its $5. 9bn (£3. 9bn) portfolio of UK home loans to a consortium of investment firms led by Blackstone, the company announced on Monday.
US manufacturing sector cools down in November
The US manufacturing sector expanded at its slowest pace in two years in November, data released on Monday showed.