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Europe midday: Italian stocks slump amid warning from Paris

Worries about the political situation in Italy are eroding earlier gains for stocks on the Continent, despite apparent progress in trade talks between China and the US at the weekend.

sergio mattarella
Europe open: Stocks start higher on China news, Italy under the spotlight

Stocks have started the session higher on news of a truce between China and the US in their running trade dispute.

20 May
US and China agree framework to reduce trade tensions

The US administration set aside its threat of tariffs on Chinese goods for the moment, following two days of negotiations with Beijing, after China proposed a "significant increase" in its purchases of US-made goods.

20 May
cosecha trigo
Commodities: Dollar strength weighs on WTI and copper, but wheat jumps back

Losses in the energy space and among base metals was offset by strong gains in agricultural commodities at the end of the week.

18 May
US close: Stocks end on a mixed note as Treasuries pare losses, banks slip

Wall Street finished on a mixed note, weighed down by losses for energy and financials, as traders scanned the headlines swirling about the second round of trade talks between China and the US.

18 May
Week ahead: Retail sales, M&S in focus

The coming week will bring with it readings on UK retail sales from both the Office for National Statistics and in the form of the latest distributive trades survey from CBI, referencing April and May, respectively.

18 May
iron ore hierro metals commodities ferrexpo pellets
Sector movers: Stocks dance to US dollar's tune

Bond proxies such as Personal Goods (Unilever) or interest rate sensitive stocks (Construction, CRH) fared best at the end of the week, amid weakness in the pound and a sharp drop in longer-term Gilt yields.

18 May
italia estatua roma blanco e
Europe close: Italian and Spanish stocks heavily sold

Italian stocks and government bonds slumped with shares of the country's banks bearing the brunt of selling after Italy's main anti-establishment parties, the Five Star and League, threw down the gauntlet to Brussels on austerity and against the bloc's fiscal rules.

18 May
Results round-up

Embattled retailer Carpetright announced plans for a £60m placing and open offer on Friday as part of its efforts to turnaround the business.

18 May
glencore, mining, commodities, metals, mine, smelter
London close: Footsie undermined by reports of SFO investigation into Glencore

London stocks edged a little lower on Friday as investors paused for breath following a record closing high a day earlier and with reports of a possible fraud investigation into Glencore dampening investor sentiment heading into the weekend.

18 May
US pre-open: Analysts debate scope for further gains, trade talks in focus

Wall Street is set for a higher open, with traders scanning the headlines swirling about the second round of trade talks between China and the US.

18 May
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Europe midday: Government coalition deal weighs on Italian stocks (only)

Italian stocks are slumping after Italy's main anti-establishment parties threw down the gauntlet to Brussels on austerity and against the bloc's fiscal rules.

17 May
FX round-up: Pound finds slight bid even as US dollar grinds higher

The pound edged higher on Thursday on the back of reports that the UK was preparing its own backstop deal to guard against the risk of delays in the Brexit negotiations that might see the country simply crash out.

17 May
mark carney boe
Bonds: Gilts underperform amid reports around Brexit backstop deal

These were the movements among some of the most widely-followed 10-year sovereign bonds:.

17 May
Results round-up

Beleaguered mother and child retailer Mothercare has confirmed the closure of 50 stores, announced a refinancing package and said it was re-hiring chief executive Mark Newton-Jones, who stepped down last month, as it swung to a full-year pre-tax loss.

17 May
Commodities: Brent tops $80 per barrel for the first time since 2014

Moves in the commodities space were muted on Thursday, despite the news headlines around oil after Brent crude futures topped the $80 per barrel mark for the first time since 2014.

17 May
Europe close: Italian coalition talks, global trade tensions in focus

The main share indices on the Continent finished with across-the-board gains as markets waited on the details of the government coalition deal between Italy's two main anti-establishment parties, the Five Star and the League.

17 May
Sector movers: Goldman boosts Cairn Energy, Tullow

News that Ocado had inked a partnership agreement with US chain Kroger light a fire under the market and the wider sector on Thursday, pushing Food & Drug Retailers to the top of the leaderboard.

17 May
actas fed reserva federal portada
US Philly Fed index rockets in May, hiring strengthens

Perhaps the most closely-followed lead indicator for factory sector activity in the States jumped past forecasts in May as new orders rocketed.

17 May
US weekly unemployment claims increase by more than expected

US jobless claims for last week increased by moderately more than markets were expecting.