The FTSE 100 is called to open 23 points lower at 7074.
UK Gilt 10 Year Yield 1.0223 Spot Gold $1261.25 +1.85 Brent Crude $53.24 +2.05
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€ per £ 1.1073
$ per € 1.1126
U.S. stocks rose Monday as crude oil jumped to its highest price in more than a year and energy companies climbed with it. Investors also reacted to the latest twists in the presidential race. Oil rose after Russia's government said it supports efforts by OPEC to cut oil production. Apple reached its highest price of the year and led tech stocks higher after new reports of fires affecting Samsung's Galaxy Note 7 phone, which competes with Apple's iPhone. The Dow Jones industrial average picked up 88.55 points, or 0.4 percent, to 18,329.04. The index rose as much as 159 points earlier. The Standard & Poor's 500 index rose 9.92 points, or 0.5 percent, to 2,163.66. The Nasdaq composite added 36.27
points, or 0.7 percent, to 5,328.67.
PRESS COMMENTARY
• Financial Times: Oil rose to its highest level in a year after Russian president Vladimir Putin said that he backed efforts for a production cap in the clearest sign yet that the country would join any global supply pact.
COMPANY NEWS
N Brown Says Comfortable With FY Market Estimates. N Brown 1H rev. up 1% to GBP429.4m. 1H product rev. up 0.6%, financial services rev. up 1.9%. 1H adjusted pretax GBP31.6m vs GBP39.4m y/y, says ahead of consensus expectations.
McCarthy & Stone Trading Ahead, CFO Maddock to Leave for SIG. Says since Sept. 2 update, trading and other lead indicators are now ahead of the previous year.
LVMH, the world’s biggest luxury-goods maker, reported revenue that beat estimates as shoppers in Asia and the U.S. snapped up its Celine handbags and new Louis Vuitton perfumes. Third-quarter sales rose to 9.14 billion euros ($10.2 billion), the company said in a statement, led by a stronger- than-expected 5 percent gain from its biggest division, fashion and leather goods. Analysts had predicted 8.92 billion euros.
Keller Group Wins GBP60m Contract in Egypt.
Great Portland Estates announces 92,800 sq. feet of lettings since July 1, generating a combined annual rent of GBP7.9m. Source Quilter Cheviot
Pat Macdonald at Blacktower Financial Management (International) Limited
www.finance-spain.com
patrick.macdonald@blacktowerfm.com
€ per £ 1.1073
$ per € 1.1126
U.S. stocks rose Monday as crude oil jumped to its highest price in more than a year and energy companies climbed with it. Investors also reacted to the latest twists in the presidential race. Oil rose after Russia's government said it supports efforts by OPEC to cut oil production. Apple reached its highest price of the year and led tech stocks higher after new reports of fires affecting Samsung's Galaxy Note 7 phone, which competes with Apple's iPhone. The Dow Jones industrial average picked up 88.55 points, or 0.4 percent, to 18,329.04. The index rose as much as 159 points earlier. The Standard & Poor's 500 index rose 9.92 points, or 0.5 percent, to 2,163.66. The Nasdaq composite added 36.27
points, or 0.7 percent, to 5,328.67.
PRESS COMMENTARY
• Financial Times: Oil rose to its highest level in a year after Russian president Vladimir Putin said that he backed efforts for a production cap in the clearest sign yet that the country would join any global supply pact.
COMPANY NEWS
N Brown Says Comfortable With FY Market Estimates. N Brown 1H rev. up 1% to GBP429.4m. 1H product rev. up 0.6%, financial services rev. up 1.9%. 1H adjusted pretax GBP31.6m vs GBP39.4m y/y, says ahead of consensus expectations.
McCarthy & Stone Trading Ahead, CFO Maddock to Leave for SIG. Says since Sept. 2 update, trading and other lead indicators are now ahead of the previous year.
LVMH, the world’s biggest luxury-goods maker, reported revenue that beat estimates as shoppers in Asia and the U.S. snapped up its Celine handbags and new Louis Vuitton perfumes. Third-quarter sales rose to 9.14 billion euros ($10.2 billion), the company said in a statement, led by a stronger- than-expected 5 percent gain from its biggest division, fashion and leather goods. Analysts had predicted 8.92 billion euros.
Keller Group Wins GBP60m Contract in Egypt.
Great Portland Estates announces 92,800 sq. feet of lettings since July 1, generating a combined annual rent of GBP7.9m. Source Quilter Cheviot
Pat Macdonald at Blacktower Financial Management (International) Limited
www.finance-spain.com
patrick.macdonald@blacktowerfm.com
