The FTSE
100 was called to open 2 points higher at 6570.
UK Gilt 10
Year Yield 1.835%, Spot Gold $1115.29 +0.32, Brent Crude $42.52. -0.10.
U.S.
stocks closed lower, after fluctuating throughout the day, as anxiety over
China eased while investors focused on economic data and the pace of any
Federal Reserve interest-rate increases. The Standard & Poor’s 500 Index
ran out of steam after yesterday staging its biggest intraday recovery in three
years. Stocks held in the tightest trading range since 1927, after China
earlier this week roiled global markets with a shock currency devaluation.
Labor and sales data today bolstered the case for higher interest rates as soon
as next month. The S&P 500 slipped 0.1 percent to 2,083.46 at 4 p.m. in New
York, after ranging between a 0.3 percent gain and falling as much as 0.4 percent.
The Dow Jones Industrial Average rose 5.74 points to 17,408.25, and the Nasdaq
Composite Index added 0.4 percent. About 6.2 billion shares traded hands on
U.S. exchanges today, 5 percent below the three-month average.
PRESS
COMMENTARY
(Bloomberg)
-- ITV may become focus of attention after Time Warner CFO says will look at
M&A internationally, Liberum says in note; shares up as much as 3% today vs
SXMP’s +1.9%.
Financial
Times: The European institutions overseeing Greece’s bailout have expressed
“serious concerns” over the sustainability of the country’s debt, bringing them
into line with the more pessimistic assessment of the International Monetary
Fund.
The Daily
Telegraph: China's central bank has dismissed claims that it is trying to
engineer a 10% fall in the yuan as "groundless", just days after it
devalued its currency for the first time in over 20 years.
COMPANY
NEWS
Swiss Life
Holding AG, Switzerland’s biggest life insurer, reported an increase in
first-half profit that beat analyst estimates, led by higher premium income.
Net income rose to 490 million Swiss francs ($505 million) from 484 million
francs a year earlier, the Zurich-based company said on Friday.
Shire Plc,
weighing whether to increase its $30 billion bid for Baxalta Inc., wants a
better understanding of the U.S. drugmaker’s growing optimism over its sales
projections, according to a person familiar with the matter.
Schindler
1H Rises Y/y, Sees ’Limited’ Growth in Mkt in 2015. Schindler sees 2015 net
income CHF700m to CHF750m. Cuts 2015 revenue growth in local FX view to 6-8%;
had seen 7% to 9%. Sees global elevator and escalator market to show limited
growth in 2015. China: At most expected to achieve minimal growth this yr.
Other markets in Asia-Pacific and India likely to achieve continued good growth
in 2H.
Stuttgart
prosecutors won’t file charges against Porsche SE Chairman Wolfgang Porsche and
other members of the automaker’s 2008 supervisory board in a long-running probe
over a failed attempt to take over Volkswagen AG, three people with knowledge
of the matter said.
Eni May
Delay Goliat Field Production Start, Upstream Reports. Remaining work plan will
not allow startup until well into autumn, Upstream reports citing unidentified
people.
Lamprell
said Chief Executive James Moffat plans to retire and leave the board on June
30, 2016 after two years with the company.
BHP
Billiton Says Anita Frew Appointed as Nonexecutive Director, Carlos Cordeiro to
Retire From Board, Shriti Vadera Appointed Senior Independent Director.
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