Market Pulse
Tuesday newspaper round-up: Brexit, oil prices, Tata offers, Channel 4
Support among business for Britain staying in the EU has declined since David Cameron announced an in/out referendum three months ago, but still remains significant. Despite warnings about the economic costs of Brexit from the Treasury, the International Monetary Fund and the Organisation for Economic Cooperation and Development, the lead for the remain side has narrowed from 30 points to 17. - The Guardian.
US close: Stocks finish mixed as oil losses continue
US markets ended a high volume day mixed on Monday, with oil prices continuing their slide from European trading, sending energy stocks tumbling while health care equities gained.
London close: FTSE ends lower as mining stocks slump
London stocks lost their steam on Monday as mining stocks dragged the FTSE 100 to finish lower.
Basic resource shares pumelled, Canadian wildfire blaze slows advance
Mining and oil stocks led declines at the start of the week on the back of weaker than expected data out of Asia’s largest economy and after Chinese regulators warned they might clamp down on speculation further.
Market overview: Miners, oil drop
1630:Close AstraZeneca led gains on the top flight index on the back of reports that it is set to issue long-term debt in a bid to benefit from the ECB's programme of corporate-QE. EasyJet, TUI and Whitbread on the other hand were higher on the back of positive broker commentary. The former is also set to release its latest half-year numbers tomorrow. Miners were broadly lower following steep falls in Chinese iron ore futures overnight and a 1. 5% slide in copper futures on the LME.
Europe close: Stocks finish on mixed note as oil futures retreat
European stocks finished on a mixed note on Monday, amid disappointing Chinese trade data and a fall in oil prices.
Commodities: Oil drops as Alberta wildfires move away from key installations
Commodities were caught in a downdraft on the back of weaker than expected data out of Asia’s largest economy and after Chinese regulators warned they might clamp down on speculation further.
Tata Steel says seven bidders taken to next stage of sale process
Tata Steel Europe is another step closer to selling its British operations after seven expressions of interest were taken forward to the next stage.
FX round-up: Commodity currencies, yen weaker
Cable slipped slightly versus the US dollar ahead of Thursday's Monetary Policy Committee meeting as the Prime Minister and former London Mayor Boris Johnson traded blows over the risks to Britain's security arising from a possible exit from the European Union.
US job growth set to re-accelerate in coming months, Barclays says
The US labour market had softened year-to-date in April, one of the Federal Reserve’s preferred gauges revealed but analysts were sanguine that the rate of growth in payrolls would return to its trend of between 200,000 to 225,000 over coming months.
Unis and TfL most exposed public sector entities to Brexit, says Moody's
Universities and Transport for London would be the most at risk of the UK public sector entities if Britain votes to leave the European Union in the upcoming referendum, according to Moody’s.
US open: Stocks rise as traders shrug off oil price decline
US stocks gained on Monday as investors shrugged off a decline in oil prices and worse-than-expected Chinese trade data.
AstraZeneca, Shell plotting debt sales ahead of ECB corporate QE-programme
AstraZeneca was marketing €2. 2bn of debt in a three-part of deal, according to people familiar with the deal cited by Bloomberg.
Mexican central bank to stay on sidelines with inflation low
Low inflation in Mexico will keep the country's central bank on the sidelines, some analysts said.
TUI rallies as Deutsche says it expects strong summer
Tour operator TUI was top of the leader board on Monday as Deutsche Bank expressed confidence that the company would enjoy a strong summer.
FTSE 100 movers: Forecasts lift TUI while iron send miners plunging
The FTSE 100 was just above the waterline in afternoon trading on Monday, having retraced earlier gains as oil prices slipped back.
FTSE 250 movers: G4S gains on update; Centamin drops on dowgrade
London’s FTSE 250 index was up 0. 5% to 16,725. 87 in afternoon trading.
Director dealings: Xaar CEO makes small show of support
Xaar chief executive Doug Edwards has increased his stake in the printer inkhead technology group fresh from setting out his long-term strategy and receiving some ringing endorsements from analysts.
Forbidden Tech raises funds to boost sales team, cuts costs
Forbidden Technologies has agreed to raise a net £1. 2m from a discounted institutional placing to invest in its sales growth.