MARKET PULSE
03 Jan
federal reserve
US close: Stocks hit record highs on strong data; Fed divided over rate hikes

US stocks hit records highs on Wednesday following solid data on manufacturing and construction spending, as the minutes from the Federal Reserve’s latest meeting showed officials were divided over the prospect of three rate hikes this year.

03 Jan
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Asia close: Regional stocks continue upwards push, PBoC sets stronger fix

Asian stocks continued to push higher, tracking record closes on Wall Street overnight and amid a small bounce in the US dollar.

03 Jan
northgate car van ford
US carmakers post mixed December sales figures

Ford saw sales rise 0. 9% across the US in December in comparison to a year ago, a figure principally driven by the 89,385 F-Series pickup trucks sold throughout the month, which was more than twice as the 44,871 total of all other Ford passenger cars sold throughout the month.

03 Jan
bp oil
Commodities: Energy futures jump on US inventory data, winter freeze

Bullish US weekly oil inventory data amid record-low temperatures across the eastern half of the States boosted energy prices almost across the board, helping to buoy the entire commodities complex.

03 Jan
ep recurso legal asociacion espanolanormalizacion
Blenheim Natural Resources secures permits from government of Mali

Investment group Blenheim Natural Resources confirmed on Wednesday that Mali's ministry of mines had granted Nashwan Lithium, a wholly owned subsidiary of Nashwan Holdings in which it held a 30% interest, the Manianbala and Djidje exploration permits in the Bougouni region.

03 Jan
handshake
Director dealings: Paragon Entertainment chief executive picks up nearly 1.5m shares in company

John Dobson, chief executive officer of pre-packaged leisure and attraction products firm Paragon Entertainment, picked up 1,431,490 new ordinary shares in the company on Wednesday.

03 Jan
ep 8 generacionprocesadores intel core
Intel shares dip after report of design flaw

A design flaw in Intel's processor chips could allow malware and hackers to more easily exploit other security bugs, according to a report overnight.

03 Jan
cbtrump
Ant Financial's acquisition of Moneygram blocked by White House

Donald Trump has rejected the $1. 2bn acquisition of Texan money transfer company Moneygram by China's Ant Financial citing national security concerns.

03 Jan
ep caja cobrar cobro cobrando trabajador trabajando camarero worker unemployment
Thursday preview: Focus on UK services and housing, US ADP jobs report

Thursday is not expected to be very busy on the UK or European company news front, but it's set up to be a fairly busy day of macroeconomic news, including UK reports on the services sector and housing market, plus the ADP jobs report in the US will offer a preview of the following day's official non-farm payrolls.

03 Jan
Wall street america US USA signs
US open: Stocks in the black after strong data; Fed minutes eyed

US stocks rose in early trade on Wednesday, underpinned by solid data on manufacturing and construction spending, as investors eyed the latest minutes from the Federal Reserve.

03 Jan
ocado
FTSE 250 movers: Retailers boosted by Next update; recruiters hit by downgrade

London’s FTSE 250 was up 0. 4% to 20,768. 19 in afternoon trade on Wednesday, with retailers leading the charge after Next upped its guidance.

03 Jan
apple-repond-aux-accusations-d-entrave-la-concurrence-de-spotify
Spotify files for IPO amid fresh songwriting lawsuit

Spotify has filed documents with the US financial regulator to begin the process of its initial public offer in New York, while management are still battling a lawsuit accusing the music streaming service of infringing upon the rights of songwriters and publishers.

03 Jan
meeting, takeover, talks, bid, merger, acquisition, board
MySQUAR receives approach that 'may or may not' lead to takeover

Myanmar-language social media, entertainment and payments platform MySQUAR noted press speculation on Wednesday and confirmed that it has received an approach from another organisation which may or may not lead to a takeover offer.

03 Jan
factory, factories, manufacturing, manufacturer
ISM manufacturing PMI rises to 59.7 in December from 58.2

Growth in the US economy’s manufacturing sector unexpectedly improved in December, according to data from the US Institute for Supply Management.

03 Jan
cbasia2d3
FTSE 100 movers: Next rallies as it lifts guidance; Ashtead boosted by upgrade

London’s FTSE 100 was up 0. 3% to 7,668. 66 in afternoon trade on Wednesday thanks to a solid performance from retailers.

03 Jan
Whitbread, Costa Coffee, restaurants, Premier Inn
Barclays ups target price for Whitbread on potential for Costa sale

Following the arrival of an activist investors on Whitbread's share register, analysts at Barclays has estimated that a potential break-up of the Costa and Premier Inns group could deliver a sum-of-the-parts valuation of 18-40% above the current share price.

03 Jan
shire, drug, pharma
Shire dry eye treatment gets Canadian approval

Shire’s Xiidra, a twice-daily eye drop solution for the treatment of dry eye disease in adults, has been approved in Canada.

03 Jan
cbmifid2
Mifid II starts smoothly after late exemptions for futures exchanges

Implementation of new rules governing European financial markets went smoothly after the UK and Germany gave the continent's biggest futures exchanges last-minute leeway.

03 Jan
Serco Environmental Services rubbish truck
Credit Suisse upgrades five, downgrades seven in business services review

Improving economic conditions in Europe and a tougher backdrop in the UK was a large part of why Credit Suisse upgraded five outward focused stocks and downgraded seven others as it reviewed prospects for the business services sector.

03 Jan
Hugo Boss, fashion
Europe midday: Stocks maintain gains as retailers rally; German data a bright spot

European stocks were holding on to gains by midday on Wednesday, boosted by strength in the retail sector and good news regarding German unemployment, as investors looked to the latest Federal Reserve minutes for further insight into the US central bank's thinking.