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Severn Trent topped the leaderboard after it confirmed press speculation that it has received a bid approach from a consortium of investors, which is rumoured to value the UK utility company around 5.3bn pounds. In a statement released this morning, Severn Trent said it had received an approach with a view to making a proposal from Canadian infrastructure investor Borealis, the Kuwait Investment Office and Universities Superannuation Scheme.8 days ago
City sources predict the FTSE 100 will open up 17 points from yesterday's close of 6,632, boosted by better-than-expected US retail sales and the first positive reading on the UK RICS house price balance since June three years ago.8 days ago
FTSE 100-listed natural gas provider BG Group has reported that its immediate priority going forwards is the delivery of its 2013 milestones and growth projects in Australia and Brazil.8 days ago
FTSE 250-listed upstream oil and gas resource operator Ophir Energy and FTSE 100-listed BG Group have extended the Deepsea Metro I drillship contract for a further 18 months to facilitate continuous drilling in Tanzania and Kenya.13 days ago
City sources predict the FTSE 100 will open unchanged from Friday's close of 6,521 following the Bank Holiday weekend.2 weeks ago
Earlier this week we heard from the Reserve Bank (of Australia) and post those (RBA) minutes, which tended to confirm what most had suspected (that the strength of AUD was a pivotal factor in what was an otherwise close decision to cut interest rates).
The all-important policy guidance at the end of the minutes reveals that the RBA opted to use “some” (the “some” comment is a repeat from a couple of weeks ago) of the scope afforded by the low 1Q CPI print and the benign inflation outlook, to lower the cash rate.
The markets seem to be extending their highs in recent days with no concern about the continuing threat of war in the Middle East.
This morning, news that Israeli and Syrian forces have exchanged fire across the ceasefire line in the occupied Golan Heights was largely ignored by the financial markets.
This morning silver fell to levels not seen since September 2010 as commodity prices slumped overnight in Asia and this extended in early London trading. Although here is plenty of physical buying from China, India and the Middle East – there is heavy computer ETF selling.
A strong dollar and outperforming equity markets have shifted investor’s attention to more risky assets with silver suffering.
Despite general US data thus far this week coming in a little softer, the dollar retains a bid tone, as US risk markets keep on posting new highs despite much speculation on whether USD may have rallied a little too far, too quickly.
Today we await CPI numbers and US data including housing, jobless claims and the Philly Fed.)
The depreciation of the Japanese yen has been an ongoing process for many months now, and recent developments have contributed to its continued decline. However, upcoming data might change the direction upwards.
Japan’s currency is once more weakening compared to the US dollar.
Daily global markets overview with the overnight activity and what can be expected in the markets today. Information straight from the traders’ desks. Insights on commodities, equities, stocks and forex currencies.