Market Pulse
Tuesday preview: Vodafone finals, UK inflation
Vodafone is expected to report on Tuesday a decrease in full year earnings on the back of lower revenues amid fierce competition.
US close: Oil price rally lifts stocks higher
US stocks closed in positive territory on Monday, boosted by a rally in oil prices.
Market overview: Commodity stocks lead gains
1630:Close UK stocks finished the session with slight gains, buoyed by gains in crude oil and bulk commodity prices. That came about despite a raft of weaker than expected economic data out of China on Saturday and losses for longer-term sovereign bonds. Capping it all of, CBI downgraded its GDP forecasts for Britain in this year and next, due to the challenges facing some economies and China and uncertainty around the Brexit vote - even under the assumption that the 'remain' camp prevails.
UK jobless rate seen holding steady at 5.1% in March
The UK’s headline unemployment rate will hold steady at 5. 1% in March, with wage growth picking up to 3. 75% by year end, says Pantheon Macroeconomics.
Commodities: Libya to restart oil exports from Hariga
Reports from Goldman Sachs and Morgan Stanley on Monday telling clients that oil disruptions had seen the oft-cited excess of oil production in global markets vanish led to a pick-up in buying in crude futures.
South Africa Finance Minister faces potential arrest
South Africa Finance Minister Pravin Gordhan faces potential arrest and prosecution for alleged “espionage” after the country's Directorate for Priority Crime Investigation (DPCI) handed a case docket to the National Prosecuting Authority for a decision, a local newspaper has reported.
Berkshire picks up $1bn-worth in Apple shares
The conglomerate founded by investing legend Warren Buffet picked up a significant slice of shares in technology giant Apple during the first quarter of 2016, just as many investors were doing exactly the opposite following several years of strong gains for the tech sector, company filings revealed.
US open: Wall Street gains on oil and Apple
US equities were bouncing back after a three-week losing streak led by tech and oil shares despite a recommendation from strategists at Goldman Sachs for investors to follow the old stockmarket adage "to sell in May and go away".
Europe close: Oil and commodities buoy stocks
European markets came off their lows of the session, with gains in the price of oil and other commodities helping to offset caution on global growth prospects following a spate of weaker than expected data out of China over the weekend.
Another 840 jobs to go at HSBC
HSBC announced the loss of 840 UK jobs on Monday, as it prepared to shed hundreds of IT jobs locally and ship them offshore.
London close: Equities boosted by mining shares, oil price rally
UK stocks finished higher on Monday, led by mining stocks as commodity prices gained.
Director dealings: Dunelm chairman goes on shopping trip
Dunelm Group chairman Andy Harrison picked up almost £0. 5m worth of shares in the company, which are trading only around 10% short of their all-time high.
Mitsubishi Motors's debt rating cut by S&P Global
Mitsubishi Motors Corp’s long-term corporate credit rating has been cut by two notches to ‘BB-‘ to by S&P Global Ratings, which cited the Japanese automakers’ falsification of fuel-consumption data.
Anglo American advances on BofA Merrill Lynch's double upgrade
Bank of America Merrill Lynch double-upgraded Anglo American to 'buy' from 'underperform' on improved confidence in management's downsizing plan.
FTSE 250 movers: Steelmakers surge while Drax Power fizzles
The FTSE 250 was eking out an afternoon in the green on Monday, reversing losses seen earlier in the session after disappointing data from China weighed on concern about the world's second-largest economy.
FTSE 100 movers: Anglo leads and British Land plays catch up
The FTSE 100 had crawled to positive territory with around an hour left of Monday's session, helped by a positive start across the Atlantic.
NY Fed manufacturing index drops sharply in May
A widely-followed measure of manufacturing conditions Stateside registered an unexpected slide in May.
TT Electronics improves debt terms with new bank facility
TT Electronics has replaced its bank debt with a larger revolving facility on more relaxed terms.
Carclo to shutter diagnostics solutions division
Technical plastics firm Carclo announced its intention to shutter the Carclo Diagnostics Solutions division on Monday, after a brief review of the business’s future prospects.
There are good arguments in support of a June rate hike, Fed's Lacker says
There were “good arguments” for the US central bank to raise interest rates at its next policy meeting in June, a top official said.