Market Pulse
US close: Stocks jump after July jobs figure, strategists sound optimistic note
A better-than-expected US jobs report for July pushed the Nasdaq Composite to its first record close in a year at the end of the week, alongside fresh highs for the S&P - with financials and transport stocks spearheading the rise.
Commodities: Gold loses lustre after US jobs data, corn, wheat futures find a bid
The strong July jobs data Stateside pushed the dollar index higher, weighing on the commodities patch but not unduly so.
Sunday share tips: Johnston Press, IG Design
Sell shares in Johnston Press, was the advice of the Sunday Times' Inside the City column. The publisher, recently added to its stable of local newspaper that ranges from the Burnley Express and the Isle of Man Examiner down to the Crawley Observer and Portsmouth's The News, with the acquisition of the daily national paper the i from the owners of the Evening Standard for a whopping £24m, of which £22m was cash, putting further pressure on a creaking balance sheet.
Sunday newspaper round-up: Interest rates, EU single market, IHG, Poundland
Savers face five more years of record-low returns, with investors betting that the Bank of England will not undo last week’s interest rate cut before the end of the decade. City traders expect Bank governor Mark Carney to slash borrowing costs again before the end of the year, the Sunday Times wrote, with interest rate markets not predicting a return to the previous 0. 5% level until 2021.