The FTSE 100 is called to open 15 points lower at 6768.UK Gilt 10 Year Yield 1.4131 Spot Gold $1175.55 +2.18 Brent Crude $52.33 +4.83
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$ per £ 1.2541
€ per £ 1.1805
$ per € 1.0622
U.S. stocks were mostly lower despite a strong performance by energy shares after OPEC members reached an agreement to cut petroleum production. The S&P 500 Index soared at the market’s open and surpassed it’s record high, but then retreated and was down 0.27 percent to 2,198.81. The Dow Jones Industrial Average also touched a record high before fading and was essentially flat at 19,123.58. The Nasdaq Composite Index fell more than 1 percent to 5,323.68. Earlier Tuesday, the Organization of Petroleum Exporting Countries reached an agreement to curtail oil supply by 1.2 million barrels, the first cut in eight years.
PRESS COMMENTARY
The UK’s latest insider trading trial was brought to an abrupt halt on Wednesday after a former business analyst at Logica and his next-door neighbour pleaded guilty, FT.
Barclays has been accused of providing “seriously incomplete” disclosure over its involvement in the Libor scandal, Times.
Oil prices surged as much as 10% to hit $52-a-barrel yesterday after the Opec cartel agreed to cut its production for the first time since 2008 in an attempt to address the global supply glut and lift prices; Opec said it would reduce output by 1.2 million barrels per day (bpd) to 32.5 million bpd from January for at least six months, Telegraph.
COMPANY NEWS
Glencore Plc, will reinstate its dividend next year and plans to pay out a minimum of $1 billion annually following a rebound in commodity prices and a reduction in its debt.
Grainger FY NAV/Share, Net Rental Income Grow; Raises Div.
Serco Group PLC said that trading in the second half of fiscal 2016 has been in line with its August guidance and that its expectations for fiscal 2017 remain unchanged.
Daily Mail & General Trust PLC recorded a 14.4% rise in fiscal 2016 pretax profit and said organic and M&A investments made over the past few years have started to bear fruit.
Anglo American PLC said it has sold 35 million shares in Exxaro Resources Ltd. (EXX.JO) at 87 South African rand each, raising ZAR3.0 billion ($215 million), as part of its continuing efforts to reduce debt. Source Quilter Cheviot
www.finance-spain.com
€ per £ 1.1805
$ per € 1.0622
U.S. stocks were mostly lower despite a strong performance by energy shares after OPEC members reached an agreement to cut petroleum production. The S&P 500 Index soared at the market’s open and surpassed it’s record high, but then retreated and was down 0.27 percent to 2,198.81. The Dow Jones Industrial Average also touched a record high before fading and was essentially flat at 19,123.58. The Nasdaq Composite Index fell more than 1 percent to 5,323.68. Earlier Tuesday, the Organization of Petroleum Exporting Countries reached an agreement to curtail oil supply by 1.2 million barrels, the first cut in eight years.
PRESS COMMENTARY
The UK’s latest insider trading trial was brought to an abrupt halt on Wednesday after a former business analyst at Logica and his next-door neighbour pleaded guilty, FT.
Barclays has been accused of providing “seriously incomplete” disclosure over its involvement in the Libor scandal, Times.
Oil prices surged as much as 10% to hit $52-a-barrel yesterday after the Opec cartel agreed to cut its production for the first time since 2008 in an attempt to address the global supply glut and lift prices; Opec said it would reduce output by 1.2 million barrels per day (bpd) to 32.5 million bpd from January for at least six months, Telegraph.
COMPANY NEWS
Glencore Plc, will reinstate its dividend next year and plans to pay out a minimum of $1 billion annually following a rebound in commodity prices and a reduction in its debt.
Grainger FY NAV/Share, Net Rental Income Grow; Raises Div.
Serco Group PLC said that trading in the second half of fiscal 2016 has been in line with its August guidance and that its expectations for fiscal 2017 remain unchanged.
Daily Mail & General Trust PLC recorded a 14.4% rise in fiscal 2016 pretax profit and said organic and M&A investments made over the past few years have started to bear fruit.
Anglo American PLC said it has sold 35 million shares in Exxaro Resources Ltd. (EXX.JO) at 87 South African rand each, raising ZAR3.0 billion ($215 million), as part of its continuing efforts to reduce debt. Source Quilter Cheviot
www.finance-spain.com
