Economic News
Credit Suisse forecasts 6% rise in global equities in 2018, amid second-half risks
Credit Suisse forecast the top flight index would reach the 7,800 point mark by the middle of 2018 and stay at that level through the end of that year against a favourable backdrop for corporate earnings worldwide.
Tuesday preview: Results from AB Foods, Imperial Brands, G4S, Direct Line, Hiscox
Tuesday offers up a fairly busy day of corporate results and trading updates, led by Primark owner Associated British Foods, tobacco giant Imperial Brands, plus insurers Direct Line and Hiscox, and the still-recuperating G4S.
New York Fed chief to stand down in 'mid-2018'
The Federal Reserve Bank of New York announced on Monday that William Dudley, the bank's president since January of 2009, would be stepping down from his position in mid-2018.
May commits to Brexit transition period, Corbyn to 'common ground'
Theresa May indicated to British businesses that the government is intent on arranging a post-Brexit transition period in order to avoid a “cliff edge” split from the European Union in 2019, while opposition leader Jeremy Corbyn stressed Labour had more "common ground" with business than was thought.
Trump hits out at Japan over trade deficit
US President Donald Trump has criticised Japan over the trade relationship between the two countries, which he described as "not fair" and added that a process had already begun to change it.
Time to lock-in some profits in cyclicals, JP Morgan says
Markets will continue to head higher overall but the time has come to 'lock-in' some profits in 'cyclicals', strategists at JP Morgan said.
UK car sales fall for seventh consecutive month
The UK car recession skidded on last month amid continued soft business and consumer confidence.
Euro area demand sees German factory orders increase in September
German factory orders shot higher last month on the back of a surge in demand for capital goods from other euro area nations.
Liberum prefers FTSE 100 over 250, cites vulnerable valuations
With the domestically-focused FTSE 250 having rallied to a near multi-decade price-to-earnings high, Liberum said on Monday that it now prefers the internationally-exposed top-flight index.
More EU companies seeking new suppliers as Brexit talks stumble
Almost two thirds of continental European companies plan to use fewer components from the UK due to Brexit, new research revealed on Monday that showed a significant escalation in fears after exit negotiations hit a deadlock.