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London open: All eyes trained on October US jobs report Investors stuck to the sidelines ahead of what some analysts believed would be a make-or-break jobs report for market expectations of a rate hike by the US central bank in December. Ahead of those numbers, as of 08:39 the Footsie was advancing by 7.28 points […]

London open: Investors anxious ahead of MPC’s ‘Super Thursday’ Investors in UK shares were anxious ahead of Thursday’s meeting of the Monetary Policy Committee after remarks by US Federal Reserve chairwoman Janet Yellen on the previous day led traders to push up the odds of a December rate hike across the Pond. As of 0945 […]

London open: Stocks gain as China service activity improves in October UK stocks gained on Wednesday after a report showed a pick-up in service sector growth in China. Caixin’s purchasing managers’ index on China services rose to 52 in October from 50.2 in September, above the 50 level that signals an expansion. “With China’s Caixin […]

London open: FTSE flat ahead of UK construction data The FTSE opened flat on Tuesday ahead of a report that is expected to show a slowdown in UK construction activity growth. The Markit/CIPS UK construction purchasing mangers’ index is estimated to fall to 58.8 in October from 59.9 a month earlier. A reading above 50 signals […]

London open: Stocks slide on further contraction in China manufacturing UK stocks dropped after a worse-than-anticipated report on Chinese manufacturing added to concerns about the slowdown in the world’s second largest economy. The official government’s purchasing mangers’ index on manufacturing showed a reading of 49.8 for October, unchanged from the previous month but...

London open: Stocks fall ahead of Eurozone CPI London stocks were in the red on Friday as investors continued to digest a worse-than-forecast slowdown in US economic growth in the third quarter and looked ahead to Eurozone inflation figures. US gross domestic product rose an annualised 1.5% in the third quarter, down from the previous […]

London open: Stocks decline after FOMC hints at December rate hike UK stocks declined on Thursday after the Federal Reserve hinted at the possibility of a December interest rate hike. The Fed decided to keep interest rates unchanged on Wednesday at 0.25%, as expected by analysts, but left the door open to an increase in […]

London open: Shares rebound ahead of Fed’s interest rate decision After an initial stumble, the FTSE 100 on Wednesday reversed the previous day’s slump ahead of the Federal Reserve’s decision on interest rates. London’s top index had fallen into the red on Tuesday following a worse-than-expected slowdown in third quarter UK gross domestic product to […]

London open: Stocks decline ahead of UK GDP London stocks declined on Tuesday ahead of the release of UK gross domestic product data that is expected to show economic growth slowed in the third quarter. GDP, to be released at 0930 GMT, is forecast to ease to 0.6% in the third quarter from 0.7% in […]

London open: Stocks slide ahead of Fed’s interest rate decision London stocks opened the week in the red, reversing gains on Friday after the European Central Bank hinted a further stimulus in December and China cut rates. The People’s Bank of China cut its one-year deposit rate and one-year lending rate by 25 basis points […]