UK Gilt 10
Year Yield 1.4343%, Spot Gold $1228.35 +2.95 Brent Crude $39.64 -0.45
$ per £
1.4342
$ per € 1.1315
€ per £
1.2675
U.S.
stocks rose, extending to the highest levels this year, as central bankers
continued to spur optimism amid assurances that they will act to stave off a
global downturn. The Standard & Poor’s 500 Index climbed for a third day
after yesterday posting the strongest increase in two weeks as Federal Reserve
Chair Janet Yellen signaled officials will be cautious in raising interest
rates due to heightened economic risks overseas. The dollar headed for its
steepest monthly drop since 2010. Apple Inc. rallied to a three-month high,
boosting technology shares, while banks rose for the first time in six days.
The S&P 500 added 0.4 percent to 2,063.95, pushing its 2016 gain to 1
percent. The Dow Jones Industrial Average climbed 83.55 points, or 0.5 percent,
to 17,716.66. The Nasdaq Composite Index increased 0.5 percent to close above
its average price during the past 200 days for the first time this year. About
6.6 billion shares traded hands on U.S. exchanges, 22 percent below the 2016
daily average.
PRESS
COMMENTARY
More US
initial public offerings collapsed than succeeded in the first quarter of 2016
as the ferocity of this year’s stock market tumble hit many companies’ hopes of
coming to market, FT.
COMPANY
NEWS
Orange SA
and Bouygues SA are heading into a make-or-break weekend as they try to salvage
their wireless- phone merger plan, after acknowledging that talks had not
advanced sufficiently to clinch a deal.
TUI said
that both bookings and revenue for Summer 2016 are ahead of last year so far,
and backed its full-year guidance for underlying Ebita growth of at least 10%.
Valeant
Pharmaceuticals International Inc. said it was seeking more room from lenders
to stave off a potential default. But stock investors were unnerved, as Valeant
inched back from earlier assurances about its ability to hit financial targets
required by its lenders.
Panmure
Gordon & Co. PLC (PMR.LN) said 2015 was a disappointing year for its
primary markets activities as it swung to a full year pretax loss.
Wincanton
Says Trading Continues to Be in Line With Views
Booker
Group PLC (BOK.LN) said like-for-like sales fell 2.5% for the 12 weeks ended
March 25, compared with a 6.1% drop a year earlier, impacted by deflation in
food prices and weak consumer demand, but said profit for the full year remains
in line with expectations.
Boeing Co.
said that it planned to cut more than 4,500 jobs by June, as the company
accelerates cost-cutting efforts in an effort to keep pace with customers
demanding less expensive jetliners.
Wendel
Says Has Already Met 2013-2017 Targets
Speedy
Hire PLC (SDY.LN) said it expects adjusted pretax profit for fiscal 2016 ending
March 31 to be in line with market expectations and net debt broadly in line
with the previous year-end.
Maersk’s
APM Terminals unit will invest EU758m in a second terminal in Tangier, which
will have annual capacity of 5 mln TEUs. Source Quilter Cheviot
More Financial Information here
More Financial Information here
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