Market Report
London pre-open: Stocks seen down ahead of Spring Statement, US inflation
London stocks were set for a lower open on Tuesday following an uninspiring session in the US, as investors eyed Chancellor Philip Hammond's Spring Statement and the latest inflation reading from across the pond.
Tuesday newspaper round-up: Hiring, cryptocurrencies, Qualcomm, Melrose backed
Hiring confidence among British companies has reached its highest level in more than a year and recruitment is set to pick up as businesses shrug off downbeat economic projections, according to a closely watched study. Low unemployment and strong demand for more workers means companies are increasingly forced to pay joining bonuses of 15pc or 20pc of salaries to entice new recruits. The poll of 2,102 employers across nine different industry sectors by the recruitment firm ManpowerGroup is used by the Bank of England as an early indicator for changes in the jobs market.
US close: Wall Street ends mixed after quiet Monday session
Wall Street finished on a mixed note on Monday, as the Dow Industrials came under selling pressure even as many investors continued to cheer encouraging jobs data at the end of the previous week.