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Investment market update

Early Trading

UK shares are expected to open slightly lower on Thursday after a slow trading session in the US overnight. Focus is still centred on the timing on any future interest rate rise, though corporate results are announced today from the likes of Rolls-Royce, Burberry and SABMiller.

World Markets

Asian stocks fluctuated, with the Japanese index near the highest level in more than 11 weeks, as investors weighed profit reports from Japanese companies such as DeNA Co. and Toppan Printing Co. Energy explorers were dragged lower by a drop in oil prices. DeNA, a social-website operator that’s working with Nintendo Co. on smartphone games, lost 2.4% after forecasting third-quarter profit below analyst estimates.

US stocks fell slightly in quiet trading during the Veterans Day holiday, with merger news and a selloff in retail shares sparked by results from Macy’s Inc. capturing the spotlight.

UK stocks rebounded, rising for the first time in five days, amid deals activity. SABMiller Plc climbed 2.5% after Anheuser-Busch InBev NV submitted a formal offer to buy it. ICAP Plc jumped 6.2% after Tullett Prebon Plc agreed to buy its voice broking business. Tullett Prebon decreased 7.4%. TalkTalk Telecom Group Plc surged 12% after saying it’s on target to meet analysts’ estimates for this year.

Headlines

Rolls-Royce Holdings Plc’s profit this year will be at the lower end of the range forecast by the company as it faces “additional headwinds” in the aerospace and marine markets. “Sharply weaker demand” is forecast for 2016, London-based Rolls-Royce said in a statement Thursday.

German discounter Lidl plans to invest more than £1.5 billion in the UK over the next three years as it seeks to lure more customers away from the country’s established supermarkets. The money will be spent on store openings, warehouses and a new head office, the company said Thursday. The German chain is seeking to increase UK store numbers to 1,500 from 620 now and expects to open almost one new outlet a week in 2016.

The world’s six largest publicly traded oil producers have more than a half-trillion dollars in stock and cash to snap up rival explorers. Exxon Mobil Corp. tops the list with a total of $320 billion for potential acquisitions. Chevron is next with $65 billion in cash and its own shares tucked away, followed by BP Plc with $53 billion, according to data from corporate filings compiled by Bloomberg.

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