Market Pulse
US close: Stocks end higher after Yellen speech as oil gains
US stocks ended higher on Monday as oil prices advanced and investors digested a fairly upbeat speech by Federal Reserve chair Janet Yellen.
Mining and oil stock pace gains
Commodity and oil stocks led gains in the market as investors waited on a key speech from US central bank chief Janet Yellen, with weakness in the US dollar contributing to further gains in energy and metals prices.
Fed´s Yellen sounds confident note, still expects gradual tightening
Further gradual interest rate increases in the US were likely to be appropriate, the head of America´s central bank said.
June rate hike now less likely, but a move in July is possible, Fed´s Bullard says
The odds of the US central bank tightening policy again when its rate-setters next met had decreased after the release on 3 June of an "underwhelming" jobs report, the president of the Federal Reserve bank of Atlanta said.
London close: FTSE ends higher on rally in mining stocks
The FTSE 100 ended higher on Monday, bolstered by a rally in mining stocks as commodity prices rose.
US open: Stocks gain as oil prices rise ahead of Yellen speech
US stocks advanced on Monday as oil prices jumped and as investors awaited a speech from Federal Reserve chair Janet Yellen.
Brexit vote, jobs data, justify patience, Fed´s Lockhart says
Last Friday´s weak jobs report and the upcoming Brexit referendum justified “patience” when deciding on another interest rate hike, a US central bank oficial said.
Directors dealings: Mariana Resources COO sells ahead of resource estimate
Mariana Resources´s chief operating officer sold just over a third of his stake in the mining outfit just as the company´s shares were hovering near their 52-week high.
Coca-Cola optimistic on medium-term growth
Coca Cola HBC said on Monday that it expects an average annual revenue growth rate in the range of 4% to 5% on a currency-neutral basis in the medium term versus 2. 9% in 2015.
Saxo raises margin requirements on pound trades
Saxo Bank increased its margin requirements for clients wanting to execute trades in pounds, ahead of the 23 June referendum on the UK´s membership of the European Union.
Tuesday preview: RWS Holdings reports first half results
Intellectual property translation group RWS Holdings is expected to report on Tuesday a 24% increase in first half revenue to £56. 5m.
US economy to continue growing, justifying further tightening, Fed´s Rosengren says
The sharp slowdown in hiring Stateside in May did not fit in well with recent retail sales data showing a "snap back" in consumption, a top US central bank official said, adding that he expected to see a continued gradual improvement in the economy.
Burberry CEO Bailey gets 75% pay cut
Burberry’s chief executive officer Christopher Bailey has seen his pay drop 75% pay for fiscal 2016, according to the luxury retailer’s annual report.
Broker tips: Shell, Cairn Energy, Wolseley
Investors need not be overly-concerned about the risks to Royal Dutch Shell's dividend, although the likelihood of a projected $25bn share buyback over four years might be a wholly different question, analysts at SocGen said.
Pension fund advisors ask members to reject WPP pay report
The Local Authority Pension Fund Forum (LAPFF) has advised its 70 member funds to vote against advertising agency WPP’s remuneration report, which is being put to shareholders on Wednesday.
Europe midday: Stocks flat as investors eye Yellen speech
European stocks were little changed on Monday as investors awaited a speech by Federal Reserve chair Janet Yellen for further clues on monetary policy after Friday’s dire payrolls report.
London midday: Stocks boosted by miners as copper and oil prices jump
London stocks were given a boost by miners on Monday as copper and oil prices jumped.
Switzerland rejects basic income plan
Voters in Switzerland have overwhelmingly rejected a proposal to give all residents a basic income.
Shell´s dividend payout is safe, SocGen says
Investors need not be overly-concerned about the risks to Royal Dutch Shell´s dividend, although the likelihood of a projected $25bn share buyback over four years might be a wholly different question, analysts at SocGen said.