Market Pulse
Churchill China confident it will meet expectations as H1 revenue rises
Pottery manufacturer Churchill China’s revenues increased in the first half of the year as it remains confident that it will meet expectations for the full financial year.
Theresa May rules out second referendum and 'staying in EU by the back door'
In the first meeting of the cabinet since the summer recess on Wednesday, the prime minister said there will be “no attempts to stay in the EU by the back door”, ruled a out a second referendum and said the government must focus on opportunities outside the trading block.
US close: Stocks retreat as oil weighs, payroll data inconclusive
US stock indices fell on Wednesday to complete the month of August just below flat, with equities tracking oil prices lower as private payrolls data was stronger than expected but did not give a strong indication of the more important non-farm payrolls report at the end of the week.
Deutsche Bank held exploratory talks with Commerzbank
Deutsche Bank and Commerzbank studied a potential tie-up this month, but the deal fell through, according to reports from German publication Manager Magazin.
Commodities: Crude prices slip ahead of EIA inventories data
Crude futures are slipping this afternoon as the dollar weighs on prices, with traders having spent most of Wednesday looking ahead to the US Energy Information Administration's (EIA) inventories report this afternoon.
FX round-up: Sterling firms as May appears to stay Brexit course
Sterling performed well on most major currency crosses on Wednesday as UK prime minister Theresa May claimed there would be no attempts for the country to remain within the EU by the so-called back door.
Sector movers: Banks and insurers play catch-up with US peers
Shares in banks and insurers played catch-up with their US-listed counterparts, pushing higher on hopes that interest rates might indeed be heading higher even in the very short-term.
Bonds: Yields move higher despite weak data
These were the movements among some of the most widely-followed 10 year sovereign bond yields:.
Colombian stocks set to top global return leagues in August
Colombia´s COLCAP stockmarket index was on track for the biggest gain´s from among all its peers worldwide in August, after a 9. 6% advance in US dollar terms, Bloomberg reported.
Volkswagen close to US settlement over "Dieselgate"
Audi have said that a settlement deal with US authorities for Volkswagen's part in the emissions scandal is close, and could be concluded by October of this year.
Brazil president Dilma Rousseff impeached
President of Brazil Dilma Rousseff has been impeached by lawmakers for concealing the economic realities in the South American country in order to win reelection in 2014.
Nigeria sinks into recession in Q2 on lower oil prices, Norway stalls
Oil exporters have been hit hard by the falling price of the commodity, with the Nigerian economy slipping into recession in the second quarter of 2016 as a result and Norway's growth brought to a standstill.
Cathay International swings to H1 profit after devalution of renminbi
Chinese healthcare investor Cathay International Holdings swung to a half year profit as operational recovery gathered pace, particularly in its pharmaceutical subsidiary, from the devaluation of the renminbi.
London close: Miners lead stocks lower as oil prices plunge
London stocks fell on Wednesday, led by mining shares, as oil prices tanked and as traders sifted through mixed economic data.
Small caps news round-up
Russia focused gold explorer Eurasia Mining reported a maiden reserve calculation at its Semonvsky tailing project, which is in partnership with Metal Tiger. The AIM-listed company reported a calculation for the mine under the Russian system of reserves assessment standards.
H&R Block drops to bottom of leaderboard after quarterly results
Tax-service firm H&R Block´s quarterly results were wide of expectations, sending its shares to the bottom of the pile on the S&P 500.
Crude oil futures slide after weekly US inventory data
Crude oil and product inventories Stateside were all higher during the latest reference week, according to the US government.
Eurasia Mining reports maiden reserve tailings calculations for Russian project
Russia focused gold explorer Eurasia Mining reported a maiden reserve calculation at its Semonvsky tailing project, which is in partnerhsip with Metal Tiger.
Petroneft comes up dry at Sibkrayevskoye, reports production decline
Petroneft saw production at one of its two licenses decline and reported that a major step out well had come up dry and would be plugged.
US open: Stocks fall as investors shrug off upbeat private payrolls data
US stocks fell on Wednesday as investors shrugged off better-than-expected private payrolls data and looked ahead to the more important non-farm payrolls report.