Market Pulse
London close: Stocks rise as US jobs report lowers chance of June rate hike
The FTSE 100 finished slightly higher on Friday as analysts wrote off a June rate hike after a disappointing US non-farm payrolls report.
Market overview: Stocks edge higher, precious metals miners leap forward
1630:Close A moderately weaker than expected reading on US non-farm payrolls for April saw several major brokers push back their calls for the next Fed rate hike to September of 2016. That gave gold futures a leg up and boosted shares of precious metals miners, with the likes of Centamin carving out a new 52-week high. High-yielding shares such as those of Pearson also got a bid on the back of those economic headlines. StanChart and HSBC were conspicuously lower ahead of this weekend’s slate of Chinese data.
Precious metals miners jump as Fed rate hike calls pushed back
Precious metals miners and engineers gained the most in the wake of a US jobs report for April that saw several of the world's largest brokers push back their forecasts for the timing of the US Federal Reserve's next interest rate hike in 2016 to September and the greenback weaken.
Labour's Khan wins London mayoral race
Sadiq Khan has 'won' the London mayoral race with 44% of the ballots cast in his favour, according to provisional results.
Week ahead: China data at the top of the agenda
With the latest set of US jobs figures out of the way (and after several top brokers pushed out their forecast for the next Fed rate hike to September) the spotlight will shift back to Asia next week, markets' other bubgear of late.
Rolls Royce's finance chief buys into restructuring story
Rolls Royce’s finance chief, David Smith, added to his position in the company’s share price on the same day that management told shareholders overall trading in the first few months of the year had been in-line with expectations.
Europe close: Stocks recover as timing of Fed hike pushed back
European stocks managed to trim their losses on Friday as a weaker than expected reading on the state of the US jobs market led several of the world's largest brokers to push back their forecasts for the timing of the next interest rate hike from the US central bank.
Petrofac to book £70m charge on Laggan-Tormore
Oil and gas support services firm Petrofac expects to recognise a final charge of £70m in the first half of the year after reaching final commercial settlement with one of its clients in respect of the Laggan-Tormore gas plant in the Shetland Isles.
US open: Stocks fall after non-farm payrolls disappoint
US stocks fell on Friday as the non-farm payrolls report came in worse than expected.
IAG traffic rises 11% in April
British Airways and Iberia parent International Consolidated Airlines said group traffic, as measured in revenue passenger kilometres, rose 10. 9% in April from last year.
Shanta Gold swings to loss, completes placing
East Africa-focused gold producer Shanta Gold swung to a pre-tax loss of $18. 1m in 2015 compared with a profit of $16. 6m the year before as gold sales and revenue per ounce fell.
Friday newspaper share tips: Inmarsat, Centrica
Inmarsat’s trading will get a boost in coming years following large investments in getting new kit into space but the challenges facing the industry mean that a correction in the shares was overdue, the Financial Times’s Lex column said.
FTSE 100 movers: Gold producers rise while metals slide further
The FTSE 100 was trading choppily on Friday afternoon, as investors digested a lower-than-expected nonfarm payroll reading for April from the US.
FTSE 250 movers: Interserve tumbles on impairment; CapCo up on trading update
London’s FTSE 250 index was down 0. 3% to 16,608. 19 in afternoon trading, as investors digested a weaker-than-expected non-farm payrolls report.
Clarkson warns of challenging outlook
Clarkson was under the cosh on Friday as it warned the short-term outlook remains “very challenging” and risks to the full-year outcome have increased, putting a heavier weighting on the second half.
Japanese prime minister warns against drastic moves in yen exchange rate
Drastic fluctuations in the exchange rate of the yen were not desirable and the country's authorities would like to respond to them as they deemed necessary, Japan's Prime Minister said.
Europe midday: Stocks drop as attention shifts to payrolls report
European stocks pushed lower on Friday as investors took some money off the table ahead of the non-farm payrolls report, which could provide further clues on the timing of the next Federal Reserve rate hike.
London midday: Equities fall ahead of US non-farm payrolls report
UK equities dropped on Friday as oil prices fell and investors awaited the US non-farm payrolls report.
EY: Oil price outlook - reset or recycle?
By Susan Grissom, Senior Strategic Oil & Gas Analyst, EY.