Market Pulse
China's Ping An plans to invest in UK despite Brexit result
China’s second biggest insurance company is not put off investing in the UK despite the Brexit result, as it makes plans to increase overseas spending.
Philly Fed index turns higher in August despite weak details
A key gauge of manufacturing conditions in the Mid-Atlantic turned higher in August, even as the two most important gauges in the same report moved sharply lower.
Asda's awful quarter sparks price cut rethink
Asda confirmed some good news for its UK supermarket peers alongside its eighth consecutive quarter of declining sales.
Cisco guides towards flat sales in first quarter 2017, shares dip
Cisco Systems came out and beat analysts’ forecasts for its latest quarter even as it announced lay-offs as it looked to cloud software to cement its future and guided towards flat sales in the next quarter.
EG Solutions partner secures $1m contract
AIM-listed EG Solutions said on Thursday that its partner Aspect Software Inc. has closed a three-year contract with an unnamed social networking corporation to supply EG's back office optimisation software.
US initial jobless claims fall more than expected
US jobless claims fell more than expected last week, the Labor Department revealed on Thursday.
Friday preview: UK public finances, German PPI
With no significant London-listed corporate results on Friday, investors will be focused on the only two notable economic data releases – UK public finances and German producer prices.
UK to avoid a recession, says Moody's as it revises emerging market outlook
Britain will avoid a recession but the economy will slow down in wake of the Brexit decision, according to credit rating agency Moody's, which also raised the outlook for emerging markets.
Nestle profit down but revenue up in H1
Swiss food and beverage company Nestle reported a drop in profit but a rise in revenue for the first half of the year.
Europe midday: Stocks in the black to snap losing streak
European stocks edged higher on Thursday following four downbeat sessions, as investors digested the Federal Reserve meeting minutes that showed policymakers were in no hurry to hike interest rates.
Wal Mart clocks in with better than expected like-for-likes in Q2
Wal Mart´s sales jumped past forecasts in the latest reporting period.
London midday: Stocks rise as UK retail sales data beats forecasts
London stocks rose on Thursday as official data revealed UK retail sales bounced back strongly in July, sending sterling higher.
Gap between graduate and school leaver wages will narrow, says IFS
As A-Level students across the country collect their results on Thursday and decide whether or not to attend university, the Institute for Fiscal Studies (IFS) said the wage gap between graduates and non-graduates will narrow in the future, due to an increasing number of people with higher degrees.
Canaccord sees Telit Comunications bounce-back in US during second half
Analysts at Berenberg bumped up their target price for shares of Telit Communications after the company obtained certification for its LET Cat-1 solution in the US.
Eurozone current account surplus increases to 3.3% of GDP in June
The euro area´s surplus in its commercial and financial exchanges with the rest of the world increased in June.
Supermarket prices rebound in July as UBS see Asda and Sainsbury markups
Good news for big supermarkets but less so for consumers was unearthed by UBS, which has found the price-cutting pressure on the industry had eased because Asda has been less energetic in its price cutting than has been widely expected.
US pre-open: Stocks seen flat ahead of jobless claims, Philly Fed
US futures pointed to a steady open on Wall Street, where investors were likely to continue mulling over the latest minutes from the Federal Reserve as they eyed the release of jobless claims data and the Philadelphia Fed survey.
Eurozone July inflation confirmed at 0.2%
Annual inflation in the eurozone was confirmed at 0. 2% for July, according to data released by Eurostat.
Unemployment Down Under unexpectedly drops in July, sending Aussie higher
Australia´s job market continued to be trundle along, the latest government data revealed, potentially eliminating the case for lower interest rates Down Under in 2016 even, although the details of the same report were far weaker than the headlines would suggest, according to some economists.
Thursday broker round-up
Admiral Group: RBC reiterates underperform with a target price of 1600p.