Market Report
SPD delegates vote to start formal talks on 'grand coalition'
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.
Bonds: Gilts outperform, Fitch surprises with Spanish debt upgrade
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) .
US close: Banks, bond yields continue pushing higher
Wall Street's main market gauges finished higher, with investors apparently brushing off concerns about a possible government shutdown ahead of a key Senate vote.
Commodities: IEA forecasts "explosive" growth in non-OPEC oil supplies
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.
Sunday share tips: Diageo, Boohoo, Unilever
Shares in Diageo are not cheap but were a 'buy' for the Sunday Times' Inside the City column, which advised stocking them away in your cellar like prize bottle of whisky. The spirits and Guinness maker has been shaken and stirred during since chief Ivan Menezes took the helm in the summer of 2013. He joined amid a lull in American demand for traditional Scotch and vodka, two of the company's key products. Instead, the trend was moving towards 'craft' bourbons and micro distilleries.
Sunday newspaper round-up: Customs union, PFI fallout, GKN, Dixons, banks
Britain's lobbying group for business leaders is on a collision course with the government as its chief prepares to call for the UK to remain in “a customs union” with the European Union after Brexit. In a major speech on Monday, Carolyn Fairbairn, the Confederation of British Industry’s director general, is expected to claim that “remaining in a customs union for as long as it serves us to do so” is “consistent” with the Leave vote in the EU referendum and “would be good for EU firms”.