Market Pulse
US close: Stocks end little changed amid weak oil prices
US stocks ended little changed on Monday amid declining oil prices, as investors mulled over hawkish remarks from Federal Reserve policymakers ahead of a speech by chair Janet Yellen later this week.
Bonds: Gilts jump as traders ready for Yellen speech
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Sector movers: Real estate, homebuilders limit losses
Real Estate Investment Trusts and Home Construction stocks paced gains at the start of the week, buoyed by a large drop in longer-term Gilt yields and reports that Westminster might be readying a multi-billion pound fund to support property developers in a bid to stimulate the UK’s economy after the Brexit result.
Commodities: Nigerian militants to cease attacks, Iraq to increase oil output
Commodity prices came under pressure amid some hawkish central bank rhetoric and as energy futures gave way after an extended run higher, with the latter weighed down by expectations of increased supplies out of Iraq and perhaps also from Nigeria.
FX round-up: Sterling goes for gold as as Rio Olympics end, metals prices fall
Sterling sprinted for gold on most of its major pairs today, as the Rio Olympics closed and some post-Brexit referendum pessimism was dialled back a jot.
Europe close: Miners, oil drag benchmarks lower
European stocks wavered on Monday as investors eyed the US Federal Reserve’s Jackson Hole meeting later in the week in the hope that it might provide further clues on the timing of an interest rate hike.
Government reportedly readying a multi-billion pound property fund
The government is reportedly preparing a multi-billion pound fund to support property developers in a bid to stimulate the UK’s economy after the Brexit result.
£9bn spent using contactless cards in first six months of 2016
In the first half of the year spending from contactless cards soared to £9bn as the new technology reached new levels of popularity among restaurants, retailers and public transport providers.
Nicolas Sarkozy launches presidential bid
Former French President Nicolas Sarkozy announced on Monday he will run to become leader of the country again, four years after he was defeated by incumbent François Hollande.
London close: Equities lower as mining stocks weigh
A slump in mining stocks weighed on UK equities on Monday as commodity prices declined.
Europa Oil&Gas provides technical update on license option 16/22
Europa Oil&Gas's recently awarded licensing option 16/22 had un-risked indicative resources in the range of between 300 to 600m barrels of oil equivalent, the company said in a technical update.
UK infrastructure spending dives post-Brexit vote
Infrastructure spending in the UK fell sharply since the country voted to leave the European Union in June, putting pressure on the government to go ahead with large-scale construction projects.
End of US dollar bull market could benefit emerging market stocks, JP Morgan says
The long-term outlook for emerging market stocks might be turning up, JP Morgan said, leading its strategists to reiterate their ‘overweight’ stance on that segment of the market.
Respected fund manager Neil Woodford scraps staff bonuses
Respected UK fund manager Neil Woodford has surprised the City by deciding to scrap bonuses for employees at his company.
Stellar Diamonds to acquire Octea Mining's Tonguma project in reverse take-over
Stellar Diamonds announced that it would combine its operations in Sierra Leone to create the second-largest diamond mining operation in West Africa.
FTSE 250 movers: Gold miners weigh against rising builders
The FTSE 250 index was in the red late on Monday as a cabal of resources stocks cancelled out gains from housing related companies.
US open: Stocks mostly lower ahead of Yellen's Jackson Hole speech
US stocks were mostly lower on Monday as investors weighed hawkish remarks from Federal Reserve policymakers ahead of a speech by chair Janet Yellen later this week.
MBL drums up profit to please chorus despite key shareholder discord
Amid an attempted boardroom coup at the behest of major shareholder, interim results from MBL Group revealed a return to profitability after five years.
Investec resumes coverage on Vectura at 'buy'
Investec resumed coverage on Vectura at ‘buy’ with a 200p price target following completion of the SkyePharma deal.
FTSE 100 movers: Miners slump as metals prices drop; housebuilders gain
London’s FTSE 100 index was down 0. 5% to 6,821. 66 in afternoon trade, with miners suffering the heaviest losses.