Market Pulse
US close: Markets end lower as investors look to Fed
US markets closed lower on Monday, with investors starting to play wait-and-see with the Federal Reserve, for cues as to when the next interest rate hike may come.
Commodities: Crude oil, iron ore futures drop
A drop in energy quotes weighed on the commodities space at the start of the week.
Bonds: Brexit could see BoE cut Bank Rate by 50 basis points, JP Morgan says
These were the movements in the most widely-followed 10-year sovereign bond yields:.
Europe close: Drop in chemicals stocks, oil prices weighs on shares
European stocks ended lower in choppy trading, with a drop in shares of German chemicals-maker Bayer and falling crude oil futures prices acting as a drag.
Director dealings: Jardine Matheson's Keswick sells shares
Simon Keswick, a descendent of the founders of Jardine Matheson, has sold US$425,608-worth of shares in the legendary Asian conglomerate.
Greece requires substantial debt relief, IMF says
Greece required substantial debt relief to secure the long-run sustainability of its government´s finances, the International Monetary Fund said.
London close: Stocks fall after disappointing manufacturing data
UK equities declined on Monday as traders weighed a batch of disappointing manufacturing reports and hawkish remarks from Federal Reserve officials.
JP Morgan recommends tactical-long in banks, with short China-related cyclicals as a hedge
Strategists at JP Morgan recommended that clients go 'long' banks on a tactical basis while shorting China-related cyclicals and commodities as a head against policy tightening by the Federal Reserve, but warned them not to overstay their welcome in the former.
Mind the potential downside if you´re invested in gold, Citi says
Mind the downside if your invested in gold or one of its proxies, analysts at Citi said.
Joules valued at £140m ahead of AIM listing
Fashion retailer Joules said on Monday that it will have a market capitalisation of £140m when it lists on AIM later this week.
Total says panic fuel buying hits a quarter of its stations
French oil and gas company Total said more than a quarter of its petrol stations across France have either partially or completely run out of fuel after striking French oil workers sparked a wave of panic buying in some regions.
US open: Stocks rise despite hawkish Fed speakers
US stocks gained on Monday as investors seemed unfazed by hawkish statements from Federal Reserve officials and a worse-than-expected manufacturing report.
Risks of inflation expectations becoming de-anchored have increased, ECB´s Praet says
Policymakers at the European Central Bank still have room to ease monetary policy further if deemed necessary, its chief economist said.
Eurozone consumer sentiment improves in May, beats views
Consumer sentiment in the Eurozone rose to its highest level since January in May, according to a flash estimate released by the European Commission.
FTSE 100 movers: Royal Mail boosted by upgrade; Inmarsat slumps
London’s FTSE 100 index was down 0. 2% to 6,145. 76 in afternoon trading.
US manufacturing PMI unexpectedly slips in May
Markit’s flash US manufacturing purchasing managers’ index fell to 50. 5 in May from 50. 8 in April.
FTSE 250 movers: Easing Brexit fears lift Redrow and Countrywide
The FTSE 250 was not far off its three-month high on Monday afternoon, up 0. 71% at 17,042. 61 as a buoyant handful of challenger banks and property-related stocks outweighed those hit by the oil price retreat.
UK would enter year-long recession after Brexit, says Treasury
Britain would enter a year-long recession with a 3. 6% growth slump and 500,000 jobs lost if it left the European Union, according to a Treasury analysis.
US central bank to hike rates three or four times in 2017, Fed´s Williams says
The US central bank would likely raise interest two or three times over what was left of 2016, a regional Federal Reserve boss said on Monday.
4D Pharma irritable bowel treatment proves safe in clinical trial
Early clinical trials of 4D Pharma's treatment for irritable bowel syndrome (IBS) have successfully shown Blautix to be safe and well tolerated.