Market Pulse
US non-farm payrolls rise by just 38,000 in May
Hiring Stateside slowed sharply during the month of April, leading some top-ranked economists to warn of the risk of an economic recession in the US in the not-too-distant future.
An odd couple, miners and utilities, pace advance
Miners and utilities leapt higher at the end of the week, after a weak US Jobs report sent the greenback and government bond yields on both sides of the Atlantic diving.
Waiting for all the Q2 data on the economy might be better, Fed´s Brainard says
One of the Federal Reserve´s top policymakers said waiting to have complete information on the US economy´s performance in the second quarter before hiking interest rates might be advantageous.
Week ahead: Yellen, China, Japan in focus
In the wake of the latest much weaker-than-expected US jobs report, the focus in the coming week would likely be on US Federal Reserve chair Janet Yellen´s speech on 6 June.
London close: FTSE ends higher as mining stocks rally
The FTSE 100 finished higher on Friday as traders weighed a batch of data including the US non-farm payrolls report.
Goldman Sachs sours on outlook for Chinese yuan
Analysts at Goldman Sachs soured on their outlook for the Chinese currency, telling clients that successively weaker fixings for the yuan´s value against the dollar "could easily reignite capital flight" from Asia´s largest economy.
Japanese officials raid Suzuki offices
Japanese carmaker Suzuki had its offices raided by the country’s transport ministry on Friday, after the company became the latest manufacturer to admit to improper fuel testing of its vehicles.
Softbank Group sells total $10bn of Alibaba shares
Japanese telecommunications titan Softbank Group Corp is selling another $1. 1bn of its shares in Chinese e-commerce giant Alibaba Group Holding, taking the total it has disposed of to $10bn.
US open: Stocks slide after non-farm payrolls miss forecasts
US stocks dropped on Friday after the non-farm payrolls report fell far short of analysts’ expectations.
IAG group traffic and premium traffic rise in May
British Airways and Iberia parent International Consolidated Airlines said group traffic, as measured in revenue passenger kilometres, rose 14. 1% in May from last year.
US ISM non-manufacturing falls short of estimates
Service sector activity in the US grew more slowly than expected in May, according to figures released on Friday.
US April trade deficit points to slowing demand, economists say
The US recorded a considerably smaller than expected trade deficit in April, but the details of the report triggered worries about economic growth among some economists.
Paramount London Resort to be delayed another year
Plans for a theme park-megaresort in Kent hit a new stumbling block on Friday, with bosses of the company behind it confirming the planning application will be delayed by another year.
US services sector slows in May
Data released by Markit on Friday pointed to a slowdown in the US services sector in May.
Mike Ashley cancels hearing with MPs
Controversial Sports Direct boss Mike Ashley has pulled out of a planned hearing in front of MPs, blaming his lawyer’s schedule for the decision.
James Bond-carmaker Aston Martin's liquidity rating falls to less than adequate
James Bond-carmaker Aston Martin's liquidity rating has been revised down to less than adequate by S&P Global Ratings, which also affirms its 'B-' corporate-credit rating and stable outlook.
Jefferies upgrades Greek equities to 'modestly bullish'
Jefferies upgraded its view on Greek equities to ‘modestly bullish’ on Friday.
FTSE 100 movers: Miners shine but supermarkets slump
London’s FTSE 100 index was up 0. 4% to 6,210. 60 in afternoon trading as investors digested the release of much weaker-than-expected non-farm payrolls which have reduced the chances of a June rate hike by the Federal Reserve.
Chicago Fed chief Evans says there might be value in holding off on rate hikes
The economic backdrop has improved sufficiently such that two further interest interest rate hikes will be appropriate in 2016, but there might be arguments to be made in favour of holding off until core inflation has reached 2%, a top US central bank official said.