Market Pulse
Caution in raising interest rates is especially warranted, Fed´s Yellen says
Caution in raising interest rates is especially warranted, Federal Reserve chair Janet Yellen told an audience on Tuesday.
FX round-up: Carry currencies gain in otherwise calm market ahead of Yellen
Foreign exchange markets were very calm ahead of a speech from Fed Chair Janet Yellen scheduled for just a little afterwards in the afternoon.
Europe close: Stocks edge higher ahead of Yellen speech
European stocks ended Tuesday in the black, though they were still off earlier highs as the markets focused on the US and a speech from Federal Reserve chair Janet Yellen.
London close: Stocks fall ahead of Yellen speech
UK stocks fell on Wednesday as investors awaited a speech from Federal Reserve Chair Janet Yellen for clues on the timing of the next change in interest rates.
Tuesday newspaper share tips: Rightmove, Next
Rightmove shares have jumped nearly twelve-fold since their stockmarket debut in 2006 but are likely to continue trading near record multiples, the Financial Times´s Lex column said.
WPP buys US healthcare media agency
WPP has bought US healthcare media agency Communications Media (CMI) for an undisclosed sum.
US open: Stocks waver ahead of Yellen speech
US stocks wavered on Tuesday as investors awaited a speech from Federal Reserve Chair Janet Yellen for hints on the timing of the next change to interest rates.
US consumers more upbeat in March, except on their incomes
US consumer confidence improved slightly in March, amid an improved outlook for business conditions and the jobs market.
CMA clears Chemring's Wallop acquisition
The Competition and Markets Authority has cleared defence company Chemring’s acquisition of a business and certain assets of Wallop Defence Systems.
FTSE 100 movers: Retailers bounce back, but miners slump
London’s FTSE 100 was down 0. 3% to 6,087. 90 at 1515 GMT as investors awaited a speech by Federal Reserve Chair Janet Yellen for further clues as to the US central bank’s next policy move.
Barclays sees risk of commodity price declines due to poor fundamentals
The lack of improvement in the fundamental drivers of the commodity market meant it was exposed to the risk of a rush to the exits by investors in the second quarter of 2016, a top-rated broker said.
US house prices accelerate slightly in January, pressured by lack of new build
The rate of US home price gains edged slightly higher at the start of the year, according to one of the most widely-followed barometres of the sector, as a lack of new build continued to boost prices - although there were signs that might be changing.
Icap bondholders approve sale of voice broking arm
Icap’s bondholders have approved the interdealer broker’s planned sale of its hybrid voice broking and information business to Tullett Prebon.
Broker tips: Next, Lamprell, Hansteen
Deutsche Bank upgraded Next to ‘buy’ from ‘hold’ but cut the price target to 6,850p from 7,200p following the company’s full year results last week.
Risk assets facing nasty combination from falling growth and rising inflation, Citi says
Falling forecasts for real economic growth globally, together with rising 'core' inflation, made for a nasty mix for risk assets, analysts at Citi said on Tuesday.
Shire wins US patent trial for ulcerative colitis drug Lialda
The United States District Court for Southern Florida has upheld Shire’s patent for ulcerative colitis drug Lialda in the US until 2020.
US growth outlook intact despite financial market volatility, Fed´s Williams says
A top US central bank official sounded an upbeat note on prospects for that country´s economy, dismissing warnings that a slowdown in the world economy would derail the expansion.
Hikma subsidiary receives FDA approval for Temozolomide capsules
Hikma Pharmaceuticals’ fully-owned subsidiary West-Ward Pharmaceuticals has received approval from the US Food and Drug Administration for its abbreviated new drug application for Temozolomide capsules.
Europe midday: Stocks waver ahead of Yellen speech
European stocks wavered on Tuesday, coming off earlier highs as the focus shifted to a speech from Federal Reserve Chair Janet Yellen later in the day and the key US jobs report at the end of the week.