Market Pulse
London midday: Stocks in the red but miners gain ground
Stocks in London fell on Friday, with investors likely booking profits on the strong gains from the previous session's Federal Reserve-inspired rally.
BoE will wait until 2017 to hike interest rates
The Bank of England will not hike interest rates anywhere near as quickly as the US Federal Reserve, Citi´s chief UK economist said on Friday.
Don´t bet on an economic rebound in emerging markets in 2016, Citi says
Going against the prevailing view in financial markets can be a very smart move for investors at the big turning points in the economic cycle, Citi´s global equity strategy team said on Friday.
Friday newspaper share tips: Cash could be returned to LSEG shareholders
The possibility of cash being returned to shareholders prompted The Times’ Tempus to rate London Stock Exchange Group at ‘buy long term’ on Friday.
US pre-open: Fed honeymoon period over
US stock futures were down on Friday, with the Fed hike honeymoon period coming to an end and new easing measures announced in Japan.
UKIP's Farage, Carswell at war over leadership style
Civil war broke out on Friday between UKIP's sole MP Douglas Carswell and party leader Nigel Farage over the party's leadership style.
Europe midday: Stocks give back some gains after Thursday's rally
European stocks were in the red on Friday, giving back some of the gains made in the previous session.
Asia: Surprise Japan decision sends markets into decline
Surprise measures from the Bank of Japan to boost its economy had Asian markets stunned on Friday.
Broker tips: Bodycote, Restaurant Group, Northgate
Bodycote got a boost on Friday after N+1 Singer upgraded the stock to ‘buy’ from ‘hold’ saying sentiment was likely to warm next year.
Market overview: Moody's puts BHP credit rating under review
1135: Moody’s Investors Service has placed BHP Billiton’s credit rating under review for a possible downgrade. "The review for downgrade reflects Moody's expectation that weak commodity prices will persist for the next several years, significantly reducing BHP Billiton's earnings and cash flow generation" said Matthew Moore, a Moody's vice president and senior credit officer.
Moody's puts BHP Billiton rating on review for possible downgrade
Moody’s Investors Service has placed BHP Billiton’s credit rating under review for a possible downgrade.
UBS initiates coverage of Restaurant Group at buy
UBS initiated coverage of Restaurant Group at ‘buy’ with a price target of 860p.
Carney hints may serve full term at Bank of England
Mark Carney has suggested he may serve a full eight-year term as Bank of England governor, three years longer than his initial commitment.
Bodycote shares rally on N+1 Singer upgrade
Bodycote got a boost on Friday after N+1 Singer upgraded the stock to ‘buy’ from ‘hold’ saying sentiment was likely to warm next year.
Zurich buys Wells Fargo crop insurance business
Zurich Insurance’s subsidiary, Zurich American Insurance, has agreed to buy crop insurance business Rural Community Insurance Agency and its subsidiary from Wells Fargo for up to $1. 05bn (£700m).
Berenberg upgrades Northgate as risks priced in
Berenberg has upgraded Northgate from ‘sell’ to ‘hold’, citing the downside risk being priced into the stock.
Gold futures test six-year lows in wake of Fed rate hike
Gold futures plummeted overnight to a six-year low, following the US Federal Reserve’s decision to hike interest rates by 25 basis points at its latest monetary policy meeting.
DBS refutes CLSA report over StanChart takeover
DBS said on Friday that there was "no basis" to a report from CLSA suggesting that the Singapore-based lender may be interested in acquiring Standard Chartered.
BoJ's Kuroda says policy shift is not additional stimulus
The Bank of Japan kept its base money target under the stimulus programme but set up a new one to buy exchange-traded funds, extend the maturity of bonds it owns and up its purchase of key risky assets.
London open: Stocks edge lower on weak US and Asian cues
Stocks in London slipped in early trade, tracking losses in the US and Asia.