Market Pulse
US pre-open: Stocks seen flat ahead of Yellen speech
US futures pointed to a broadly flat open on Wall Street as investors looked to a speech by Federal Reserve chair Janet Yellen for further clues on the timing of the next rate hike.
RBC downgrades Cairn until 2017 drilling plans are confirmed
RBC Capital Markets downgraded Cairn Energy to ‘sector perform’ from ‘outperform’ and cut the price target to 250p from 260p until 2017 drilling plans are confirmed.
Asia close: Shares slide after poor US jobs data; dollar falls
Asian shares closed lower as the markets digested last Friday's poor US jobs data which dampened market expectations of another rate rise by the Federal Reserve.
WPP's Always buys Malaysian brand activation agency
Always Marketing Services, which is majority-owned by WPP operating company J. Walter Thompson, has acquired Malaysian brand activation agency ePromode Sdn Bhd for an undisclosed sum.
Euro area investor confidence hits six-month high in June, Sentix says
Investors grew more confident about the prospects for the Eurozone and the global economy in June, according to the results of a widely-followed survey.
Hardide interim loss widens amid oil and gas downturn
Hardide reported a wider interim loss as the downturn in the oil and gas exploration market takes its toll on the company.
UK new car registrations up 2.5% in May
New car registrations in the UK rose 2. 5% in May to 203,585, according to the Society of Motor Manufacturers and Traders, marking the highest total since 2002.
JP Morgan sees little upside to global equities
Forecasts for economic growth Stateside to pick-up in the backhalf of 2016 might be too optimistic and low levels of volatility pointed to investor complacency, strategists at JP Morgan argued, going on to tell clients that the up-side for equity markets was therefore limited.
Pound dives on results of three latest Brexit polls
New poll results showing that the 'Leave' campaign was gathering momentum ahead of the 23 June referendum on membership of the European Union sent sterling sharply lower at the start of the week.
Europe open: Stocks little changed as investors eye Yellen
European stocks were little changed in early trade as investors awaited a speech by Federal Reserve chair Janet Yellen as they look for further clues on US monetary policy after Friday’s dire payrolls report.
London open: Equities rise on rally in mining and oil stocks
UK equities rose on Monday, lifted by a rally in mining and oil stocks as crude and copper prices jumped.
JPMorgan downgrades Wolseley on valuation
JPMorgan Cazenove downgraded Wolseley to ‘neutral’ from ‘overweight’ and cut the price target to 4,100p from 4,300p on valuation grounds.
PZ Cussons appoints Caroline Silver as new chair
Imperial Leather maker PZ Cussons has appointed Caroline Silver as non-executive chair effective from 1 January 2017 following the retirement of Richard Harvey.
German manufacturing orders drop more than expected in April
Manufacturing orders in Germany fell much more than expected in April, according to figures released by Destatis.
London pre-open: Stocks seen higher as focus turns to Yellen
London stocks were seen opening higher on Monday as expectations of a US rate hike this month are scaled back following Friday’s dismal nonfarm payrolls report.
Monday newspaper round-up: Brexit, BHS, WPP, Radley
Nigel Farage, leader of the UK Independence party, has said a British vote to leave the EU would be the first step in what he hoped would be the disintegration of the bloc. In an interview with the Financial Times, the Eurosceptic MEP’s comments onEurope's future are some of his most hostile to date and emphasise the high stakes in the referendum on June 23. – Financial Times.