The FTSE 100 is called to open 6 points higher at 6736.
UK Gilt 10 Year Yield 0.7976 Spot Gold $1317.62 -4.96 Brent Crude $45.94 -0.98
$ per £ 1.3128
$ per € 1.0971
€ per £ 1.1966
$ per € 1.0971
€ per £ 1.1966
U.S. stocks rose, sending the S&P 500 Index to a fresh record, as investors showed confidence corporate earnings will not derail a rally that’s headed toward a fifth week. Equities rebounded as some of the week’s best performers were among the biggest contributors to Friday’s climb. Microsoft Corp. and Biogen Inc. added to their strongest weekly increases since at least March. Verizon Communications Inc. rose 1.3 percent as it’s said to be near a deal to buy Yahoo! Inc. Gains were tempered by disappointment that followed earnings from General Electric Co., Honeywell International Inc. and Apple Inc. supplier Skyworks Solutions Inc. The S&P 500 rose 0.5 percent to 2,175.03, a seventh all-time high in the last 10 sessions after going more than 13 months without one. The benchmark gained 0.6 percent this week, the smallest such advance in its four-week run. The Dow Jones Industrial Average added 53.62 points, or 0.3 percent, to 18,570.85, and the Nasdaq Composite Index increased 0.5 percent. About 5.6 billion shares traded hands on U.S. exchanges, 21 percent below the three-month average.
PRESS COMMENTARY
Apple is on the verge of selling its billionth iPhone, a rare achievement for any consumer electronics company and one that highlights the maturation of the smartphone market, FT.
European banks from Barclays to BBVA are launching another round of cost-cutting as they brace for conditions to deteriorate this year, due to low interest rates, the UK vote to exit the EU and the latest stress test results, FT.
COMPANY NEWS
Aberdeen Asset Management PLC reported a 2.9% rise in assets under management during the third quarter, citing the diversified asset and client base of the business.
William Hill confirms received a highly preliminary approach from 888 and Rank regarding a potential combination of the three companies.
Ryanair Holdings Plc warned it may lower its fiscal 2017 profit forecast amid weakening travel demand stemming from Britain’s decision to exit the European Union.
L’Oreal SA agreed to acquire IT Cosmetics for $1.2 billion in its largest acquisition in eight years, adding more than 300 skin-care and makeup products to its lineup.
Hammerson PLC said that it will pursue a secondary listing on the Johannesburg Stock Exchange to access a wider pool of international capital, as it reported a sharp drop in first half pretax profit because of the falling value of its properties.
Hiscox Ltd reported its bottom line has benefited from sterling weakness after the Brexit vote as it posted a rise in interim pretax profit, and said it may set up an EU-based insurance company following the U.K.'s exit from the European Union.
Nintendo Co. shares plunged 17% after the company said late Friday that the financial impact from the worldwide hit Pokemon Go will be limited.
Royal Philips NV, reported second-quarter profit that rose more than expected on cost savings and said earnings will improve in the second half of the year.
Speedy Hire PLC said that a shareholder has requested a general meeting of the company to propose a resolution for the removal of Executive Chairman Jan Astrand.
CVS Group PLC said it expects its fiscal 2016 earnings to be modestly ahead of market expectations. Source Quilter Cheviot.
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