The FTSE
100 is called to open 7 points higher at 6557.
UK Gilt 10
Year Yield 1.873%, Spot Gold $1119.40 +1.80, Brent Crude $48.57. -0.25.
U.S.
stocks rose, following last week’s gain in the Standard & Poor’s 500 Index,
with homebuilders pacing the advance amid light volume before further clues
from the Federal Reserve on the path for interest rates. The S&P 500 gained
0.5 percent to 2,102.44 at 4 p.m. in New York, climbing above its average price
for the past 100 days. The Dow Jones Industrial Average climbed 67.78 points,
or 0.4 percent, to 17,545.18. The Nasdaq Composite Index jumped 0.9 percent.
About 5.5 billion shares changed hands on U.S. exchanges, 15 percent below the
three-month average.
PRESS
COMMENTARY
Financial
Times: Global banks are facing billions of pounds-worth of civil claims in
London and Asia over the rigging of currency markets, following a landmark
legal settlement in New York.
COMPANY
NEWS
Cairn
Energy reported a widened pretax loss for the first half, and said that it has
entered into an agreement with the Senegal government for an extensive
evaluation and survey of its oil discoveries in the country. The Scottish oil
and gas exploration company said pretax loss for the six months ended June 30
totaled $234.7 million, compared with a pretax loss of $119.7 million in the
year ago period. The company attributed the widened loss to a $177.1 million
impairment charge.
U.K.
housebuilder Persimmon reported a 31% increase in pretax profit in the first
half, with sales volumes and prices both rising, and said demand has held up
well in the quieter summer period. Pretax profit in the six months to June 30
rose to GBP272.8 million ($425.1 million) from GBP208.9 million. Sales gained
11% to GBP1.33 billion after Persimmon sold 6,855 homes, a 7% increase from
last year, at a 4% higher average price of GBP194,378.
Energy
services company John Wood Group reported a fall in interim profit as the low
oil price hit demand but said its full-year outlook remains unchanged. Net
profit for the six months ended June 30 fell to $116.8 million from $140.5
million over the same period last year, on revenue from continuing operations
down to $2.66 billion from $3.22 billion.
Amec Foster
Wheeler PLC (AMFW.LN) on Tuesday said it has been awarded an extension to its
existing project management consultancy contract for the UZ750 project in the
Upper Zakum field, located 84 kilometers north-west of Abu Dhabi. The value of
the contract has not been announced.
BMW has
diverted shipment to Shanghai ~2,000 vehicles a week that otherwise would have
gone via Tianjin, Reuters reports, citing an unidentified co. spokesman. BMW
unable to estimate how many of its cars Tianjin were damaged; the damage is
covered by insurance. BMW said its plant in Shenyang is operating normally
Source
Quilter Cheviot
No comments:
Post a Comment