MARKET PULSE - EUROPE
The IMF maintains its growth prediction for the UK in 2018 at 1. 5% but cuts its forecast for 2019 by one tenth of a percentage point, to 1. 5% as well.
Periphery stocks outperformed on Monday, following sovereign debt upgrades for Greece and Spain, amid news that delegates from Germany's SPD party voted to start formal talks with the CDU/CSU on creating a grand coalition in the country.
Innovative and export oriented firms and SMEs operating in high-tech and service-related industries will be the most negatively affected by Brexit, according to research.
London's top flight index sagged a little as France's Prime Minister, Emmanuel Macron held out the possibility of a bespoke trading arrangement for the UK after Brexit, boosting the value of the pound, and with bookmakers under the cosh amid speculation the government is planning a £2 maximum stake on betting machines.
US grain merchant Archer Daniels Midland (ADM) has proposed a takeover of New York-based agribusiness Bunge, a move that could potentially set off a bidding war with rival Glencore.
The UK was likely to fair better than many forecasts had suggested, with the benefits of global growth in the next few years said to "easily dwarf" any blows as result of it leaving the EU, according to former Goldman Sachs economist Jim O'Neill.
Hagai Tal, chief executive officer of AIM-listed marketing solutions firm Taptica International, sold 1. 65m ordinary shares in the company on Monday, pocketing almost £7. 5m in the process.
Analysts at Numis reiterated their 'buy' recommendation and 600p target price on shares of Ocado on Monday, telling clients that the grocery retailer's just announced deal with Sobeys was a "further convincing endorsement" of its platform and that it expected multiple further deals over the medium-term.
Periphery stocks are pacing gains following sovereign debt upgrades for Greece and Spain, amid news that delegates from Germany's SPD party voted to start formal talks with the CDU/CSU on creating a grand coalition in the country.
Stocks are little changed at the start of trading as traders digest news of the US federal government shutdown over the weekend, as well as the decision taken by delegates from Germany's SPD party to start formal talks with the CDU/CSU on creating a grand coalition.
In an interview on BBC One's The Andrew Marr Show, French president Emmanuel Macron said that, if given a similar "yes or no" opportunity, France would likely vote to leave the European Union.
Rapid adoption of electric vehicles will see global demand for oil peak by 2030, analysts at Bank of America-Merrill Lynch forecast.
Delegates from Germany's Socialist SPD party voted on Sunday to pursue formal coalition talks with the centre-right CDU/CSU parties led by Chancellor Angela Merkel.
These were the biggest movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 66% (+3bp)UK: 1. 34% (+1bp)Germany: 0. 57% (-1bp)France: 0. 84% (-1bp)Spain: 1. 44% (-5bp) Italy: 1. 96% (-3bp)Portugal: 1. 98% (-4bp)Greece: 3. 75% (+5bp)Japan: 0. 09% (+0bp) .
Energy futures came under pressure from slight profit-taking on Friday after the International Energy Agency forecast a big supply-side response to crude oil futures hovering near $70 a barrel.
Canaccord Genuity upped its stance on Halfords to 'buy' from 'hold' on Friday, lifting the price target to 436p from 370p following the company's third-quarter update a day earlier.
Martin Schulz, the head of Germany's Social Democratic Party, urged members of his party to endorse coalition talks with Chancellor Angela Merkel and her Christian Democratic Union in order to avoid another national election that could cause the party further damage.
Two separate parliamentary committees have referred Ryanair to the employment and tax authorities after the low-cost carrier's "refusal to cooperate" with inquiries into staff pay and working conditions.
Some of the most defensive areas of the market came under pressure on Thursday, weighed down by a mix of negative company-specific news-flow and broker commentary, against a backdrop of rising Gilt yields.
Shares in Evraz jumped after the steelmaker reported that consolidated crude steel output was at 3. 5m tonnes during the final three months of 2017, unchanged from the prior quarter.