MARKET PULSE
03 Jan
le-debat-sur-l-austerite-n-est-plus-de-mise-dit-benoit-coeure
Bonds: Gilts underperform as investors take positions at start of 2018

These were the movements in some of the most widely-followed 10-year sovereign bond yields: US: 2. 46% (+5bp)UK: 1. 29% (+10bp)Germany: 0. 47% (+4bp)France: 0. 82% (+4bp)Spain: 1. 61% (+5bp)Italy: 2. 10% (+8bp)Portugal: 2. 01% (+7bp)Greece: 4. 11% (-1bp)Japan: 0. 05% (Bank holiday) .

02 Jan
cbwall street1
US close: S&P 500 sets new record as oil and tech stocks gain

Wall Street got off on the front foot as trading floors opened for 2018 with stock indices led higher by oil and tech as the dollar and Treasuries suffered a new year hangover.

02 Jan
Air pollution level 5 London 30 April 2014, by David Holt
Day of the Mifid: warning for financial firms as new regulation begins

Mifid II, a new regulatory regime governing the European financial sector, will come into effect on Wednesday 3 January 2018 with new rules that are expected be "somewhat negative" for brokers, most investment banks and asset managers, analysts have warned.

02 Jan
greene king
FTSE 250 movers: Greene King rises in the face of JP Morgan downgrade

Shares of Evraz topped the leaderboard on the second-tier index following data showing a re-acceleration in Chinese factory sector activity.

02 Jan
stock spirits, bar, pub, alcohol, dating, drink
BBA, Biffa and Stock Spirits among JPM Cazenove's top mid-cap picks

UK businesses that are resilient to a domestic slowdown and have significant exposure to growing overseas markets are the foundation for JP Morgan Cazenove's top small and mid-cap share picks for 2018, including BBA Aviation, Clarkson and Hollywood Bowl.

02 Jan
morgan advanced, mgam
Director dealings: Morgan Advanced Materials boss gives shares to spouse

Morgan Advanced Materials's boss gave his spouse the shares, net of taxes, resulting from the vesting of the second and final tranche of stock in the company following his appointment as chief executive officer of the engineer.

02 Jan
Money cash dollars
US open: Stocks start New Year on strong note

Wall Street looks headed to start the year firmly on the front foot, amid sizeable gains on all the main indices and against the backdrop of a weaker US dollar and heavy losses in Treasuries.

02 Jan
2004-9-16-shanghai-stock1-300x211
Asia close: Stocks storm out of the gates

Asian stocks stormed out of the gates at the start of the New Year, despite the release of mixed readings on factory sector activity in China and on the heels of a possible overture to deescalate tensions on the Korean peninsula from the North's leader, Kim Jong Un.

02 Jan
GVC foxybingo
Barclays begins coverage of GVC Holdings with positive rating

GVC Holdings' takeover of Ladbrokes Coral should bring greater scale and geographic diversity as well as boosting earnings and cash growth, said analysts at Barclays as they initiated coverage on the online gaming group on Tuesday.

02 Jan
cbchina81
China factory PMIs for December paint mixed picture

Purchasing managers' surveys for China's factory sector painted a mixed picture for activity in the Asian giant's factory sector last month.

02 Jan
Next, retail, fashion
Wednesday preview: Next's festive trading update to set the retail tone

Wednesday will see a post-Christmas update from Next as the first trickle of news from the retail sector before the floodgate opens in coming weeks.

02 Jan
cbchinacoreatrade short
Seoul proposes talks with North Korea on 9 January

South Korea responded positively to the North's decision to open the door to talks, with an invitation to hold face-to-face meetings on 9 January and for North Korean athletes to participate in next month's Winter Olympics.

02 Jan
factory, factories, manufacturing, manufacturer
US manufacturing PMI hits highest level since March 2015 - IHS Markit

Growth in the US manufacturing sector accelerated in December, according to figures released on Tuesday.

02 Jan
asos
Deutsche Bank upgrades ASOS to 'buy'

Deutsche Bank upgraded online fashion retailer ASOS to ‘buy’ from ‘hold’ and hiked the price target to 7,400p from 5,800p.

02 Jan
ep avion wizz air
JP Morgan hikes target price for WizzAir on improved growth prospects

Analysts at JP Morgan hiked their target price for WizzAir sharply higher, from 3,625p to 4,100p, driven by the airline's recent investments in expanding capacity, including through the acquisition of 146 Airbus jets and after clinching Monarch's slots at Luton.

02 Jan
british airways peru
FTSE 100 movers: IAG flies higher but Reckitt Benckiser takes a hit

London’s FTSE 100 was down 0. 6% to 7,645. 13 in afternoon trade on Tuesday, kicking off the new year on a downbeat note after ending 2017 at a record high, with broker notes providing much of the action.

02 Jan
handshake
Surface Transforms appoints Michael Cunningham as new FD

AIM-listed Surface Transforms has appointed Michael Cunningham as its new non-board finance director, with immediate effect.

02 Jan
New York Stock Exchange, NYSE, markets, Wall Street. Photo: Herval
US pre-open: Stocks to start the year higher as dollar stumbles

Stocks on Wall Street looked set to kick off the new year in the black, with futures pointing to a higher open as the dollar fell back.

02 Jan
cbrouhani
Tehran regime cracks down on protests, oil prices little moved

Clashes between protestors and police across Iran have moved into a sixth day on Tuesday, with more than 450 arrests in Tehran over the past three days, with financial markets eyeing the impact on global oil prices.

02 Jan
hochschild
London midday: Stocks drop as pound gains versus dollar, miners retreat

London stocks were in the red at midday on Tuesday following a steady start, as weakness in the mining sector, a worse-than-expected reading on UK manufacturing and a stronger pound weighed on the top-flight index.