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London open: Stocks rebound ahead of Autumn Statement UK stocks rebounded on Wednesday ahead of Chancellor George Osborne’s joint Spending Review and Autumn Statement. Osborne is widely expected to announce deep cuts to public sector spending when he kicks off the Autumn Statement at 1130 GMT. He is also tipped to announce possible changes to […]

London open: Stocks decline ahead of Carney’s testimony, US GDP UK stocks declined on Tuesday morning ahead of Bank of England governor Mark Carney’s testimony to the Treasury Select Committee. Carney and BoE chief economist Andy Haldane will be questioned by the Committee at 1000 GMT on the central bank’s monetary policy stance. Questions are “likely […]

London open: Mining stocks drag FTSE lower UK stocks opened in the red on Monday, dragged down by mining shares, as investors weighed European manufacturing data and awaited the release of economic reports in the US. Eurozone manufacturing activity rose to a 19-month high in November. Markit’s purchasing managers’ index increased to 52.8 from 52.3 […]

London open: Stocks flat in light day for economic data London stocks were trading flat on Friday morning following fairly uninspiring sessions in the US and Asia and with remarks from central bankers filling some of the vacuum. As of 08:58 GMT the Footsie was higher by just 0.20 points or 0.0% at 6,330.13. Speaking […]

London open: Stocks jump on the back of Fed minutes, grim times ahead for copper London investors reacted with glee to the gains seen overnight on Wall Street after the release of the last set of Fed minutes which appeared to point to a shallower path for interest rate increases over the coming year, although […]

London open: Stocks jump on ‘dovish’ ECB remarks London’s top-flight index jumped early on Tuesday on the back of dovish comments from the European Central Bank’s chief economist and following strong gains in Wall Street the previous session which saw the S&P 500 bounce back from the prior week’s losses. Nevertheless, the weekend’s tragic events […]

London open: Stocks move higher despite Paris attacks ‘Meme pas peur’, ‘not a bit afraid’, has been the initial reaction of investors to this weekend’s terrorist attacks in Paris. Contrary to pre-market indications, the FTSE 100 quickly moved into the black on Monday morning and as of 0914 GMT, was 0.56% higher at 6,151.07. Meanwhile, […]

London open: US data, more Fedspeak ahead Investors are trying to sort the wheat from the chaff on Friday morning after a barrage of somewhat hawkish Fedspeak on the previous day weighed on markets. That comes as the S&P 500 is down by 2.7% from the intra-day high hit right after the release of the […]

London open: Chinese credit data weigh on stocks News that Chinese banks remained unwilling to lend in October weighed on stock markets across Europe on Thursday, London included. So-called aggregate financing in Asia’s largest economy, the widest measure of new credit, came in at 476.7bn yuan for October, the least in 15 months. At 0905 […]

London open: Employment data, BoE, ECB in focus Ahead of today’s employment figures in the UK and a speech from ECB president Mario Draghi, in London, data pointing to signs of a possible stabilisation in the Chinese economy helped to shore up market sentiment in early trading. As of 08:38 the Footsie was rising by […]