Market Report
Rise in China CPI to early-2013 high expected to be short-lived
Chinese consumer prices surged last month, but economists expected the acceleration to be short-lived, paving the way for monetary policy to be eased in the Asian giant later in 2018.
SIG sees silver linings in Europe as UK 'increasingly challenging'
SIG, the building products supplier, reported a 10% decline in underlying profits, a statutory loss and cash flow down by a third as the UK market becomes "increasingly challenging".
Inmarsat cuts payout, SIG profits decline
London open The FTSE 100 was being called just 2. 5 points lower by traders in the City on Friday morning, having closed at 7,203. 24 the day before.
London pre-open: Stocks seen muted ahead of payrolls
London stocks were set for a steady open on Friday as traders digest news that US President Trump has accepted an offer to meet North Korea’s Kim Jong Un and ahead of the release of the key non-farm payrolls report.
Friday newspaper round-up: Trump tariffs, Budget, Shell, Aviva accused
Donald Trump pushed forward with plans to impose tariffs on steel and aluminium imports on Thursday, arguing the levies were necessary for national security and to stop the “assault on our country”. Flanked by steel and aluminium workers and key staff, Trump said he had to act to stop the “decimation of entire communities” and insisted there would be a very fair process as the administration used the next 15 days to negotiate exemptions with allies. Canada and Mexico will be exempted.
US close: Markets finish firmer as White House delays metals tariffs
Trading on Wall Street finished firmer on Thursday, amid reports that the White House might yet tinker with its final proposals on tariffs.