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Transport firm FirstGroup led the fallers after cancelling its final dividend as it restructured its balance sheet and refinanced after a year in which operating profits halved. In results announced two days earlier than scheduled, the company announced a three-for-two rights issue as well as the resignation of its Chairman Martin Gilbert.2 days ago
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating.2 days ago
The FTSE 100 rallied in afternoon trade after some better-than-expected economic data from the States, pushing the index to new five-and-a-half-year highs.5 days ago
Ocado Group shares leapt almost a third on Friday after Morrison Supermarkets confirmed the two are teaming up to launch its first shopping website in January next year. The partnership had been expected as the two have been in talks since Morrison announced it was moving online in its annual results in March. Online grocer Ocado will provide its technology, logistics and distribution operations to Morrison.5 days ago
After a subdued start, the FTSE 100 pushed into positive territory ahead of the opening bell in New York with financials leading the rise after a broker upgrade.5 days 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.