Market Report
US and China studying trade deal, Journal says
The US and China are studying the possibility of deferring the increase in Washington's tariffs on exports from the Asian giant scheduled for the start of 2019 through the spring, while fresh talks take place to look at "big changes" in Beijing's economic policy.
Europe close: Stocks gain on more conditional US central bank
Stocks moved higher across the Continent as investors digested a somewhat more 'dovish' or conditional policy bias from central bankers in the States.
Friday preview: G-20 set to dominate
The flow of economic data is set to taper off at the end of the week, with investors expected to switch into 'geopolitical mode' and spend the session (and the weekend) scanning the headlines coming out of G-20 summit in Buenos Aires, Argentina.
Trump cancels Putin meeting as Merkel condemns Kremlin
President Trump has cancelled his G20 meeting with Russian President Vladimir Putin, citing the recent confrontation between Russian and Ukrainian vessels in the Sea of Azov. in Argentina with President Vladimir Putin. I look forward to a meaningful Summit again as soon as this situation is resolved! — Donald J. Trump (@realDonaldTrump) November 29, 2018.
London to lose €800bn to Frankfurt over Brexit
London could lose up to €800bn in assets to Frankfurt after Brexit as banks start to transfer their headquarters to the German financial hub ahead of the March 2019 withdrawal.
US life expectancy fall extends worst trend in 100 years
The fall in the average life expectancy for Americans continues the longest sustained decline in 100 years as preventable causes of early death such as opioid abuse, suicides and diseases including diabetes or heart issues continue to grow.
US open: Stocks open slightly lower following strong gains in the previous session
US stocks opened lower on Thursday following strong gains during the previous session on the back of a seemingly dovish speech from Federal Reserve Chairman Jerome Powell.
Director dealings: Amerisur CEO ups stake for second time this week
Amerisur Resources chief executive John Wardle purchased 687,000 ordinary shares in the full-cycle oil and gas company.
London close: FTSE climbs to seven-day high on Powell remarks, oil
London shares climbed to their highest finish in a week on Thursday, helped along by an oil price rally and global stock market boost on the back of a dovish speech by Federal Reserve chief Jerome Powell.
Cobham approaching 'turning point', says Berenberg
Analysts at Berenberg upgraded technology and services innovator Cobham to 'buy' on Thursday, noting that a "turning point" in the aerospace and defence outfit's complex history was fast approaching.
Broker tips: Dignity, Cobham, British American Tobacco, Greene King
Peel Hunt cut its stance on funeral services provider Dignity on Thursday as the Competition and Markets Authority said it was launching a full investigation into the funeral market after identifying "serious concerns" over large price hikes.
FTSE 250 movers: RHI Magnesita jumps on broker approval, Intu plummets
London's FTSE 250 was steady at 18,643. 85 in afternoon trade on Thursday, as RHI Magnesita made strong progress following broker action.
RBC slashes target for British American Tobacco on outlook for menthol/NGPs
Analysts at RBC slashed their target price for shares of British American Tobacco from 3,400p to 2,700p, saying that the uncertainty around the outlook for its menthol cigarettes unit was casting a pall over the investment case for the company's shares.
FTSE 100 movers: Miners rally but REITs drop as Intu deal collapses
London's FTSE 100 was up 0. 6% to 7,046. 11 in afternoon trade on Thursday, underpinned by a weak pound and strength in the mining sector.
UK consumer sentiment at its weakest level since December 2017 - survey
The UK’s under-pressure high street was dealt a fresh blow on Thursday, after research showed consumer confidence had fallen to its lowest level for nearly a year.
US pending home sales unexpectedly drop
US pending home sales unexpectedly dropped in October, according to data from the National Association of Realtors.
Abercrombie and Fitch soars after upping fourth-quarter guidance
Shares of clothing retailer Abercrombie and Fitch soared in early trade on Thursday after the group projected same-store sales to come in ahead of analysts’ estimates in the all-important holiday quarter.
Genedrive to participate in three-country HCV therapy study
Near-patient molecular diagnostics company Genedrive announced on Thursday that it will participate in an international multicentre trial, designed to assess the impact of outreach HCV diagnostics and therapy in a pharmacy setting when compared conventional treatment pathways.
Directa Plus signs collaboration deal with Ambienthesis
Graphene-based products producer Directa Plus has signed a collaboration agreement with Ambienthesis, it announced on Thursday.
Asia report: Most markets higher ahead of Trump-Xi meeting
Most markets in Asia were in the green on Thursday, as investors placed their bets ahead of a crunch meeting between Xi Jinping and Donald Trump on the sidelines of the G20 summit in Buenos Aires.