Latest News

Always keeping you informed

Investment market update

Early Trading

UK stocks are expected to open slightly lower this morning as most of the attention remains fixed on Thursday’s interest rate decision in the United States.

World Markets

Asian stocks declined as Shanghai shares fell, while Australia’s dollar snapped a six day advance after the country’s central bank said volatility emanating from China has increased risks to global growth. The yen weakened amid speculation policy makers will signal more stimulus.

US stocks declined, following equities’ best week since July, before the Federal Reserve decides on Thursday whether the economy and turbulent financial markets can handle higher interest rates. Yahoo! Inc. and Alibaba Group Holding Ltd. fell 3.1%. Apple Inc. climbed 1%, trimming an earlier 2.4% gain, after the company touted strong pre-orders for its new iPhones.

UK stocks fell, erasing earlier gains, as commodity producers lost ground. Glencore Plc declined 4.4% and Antofagasta fell 2.5%. Shares of grocers also declined, with Wm Morrison Supermarkets Plc and J Sainsbury Plc slipping 1.6%.

Headlines

Alexis Tsipras told Greek voters that forming a grand coalition with his arch rivals would be “unnatural” and that a refusal to do so won’t stoke further political turmoil in Europe’s most indebted state.

European car sales rose 12% in August, the second fastest gain this year, as rising economic confidence encouraged purchases of new sport utility vehicles from French manufacturers Renault and Citroen and luxury producers BMW and Mercedes-Benz.

Oil held below $45 a barrel before US government data forecast to show crude stockpiles expanded for a third week in the world’s biggest oil consumer.

America’s shale gas boom hasn’t exactly been booming lately. Natural gas production from the seven largest US shale deposits will drop for a fourth straight month in October to average 44.784 billion cubic feet a day, the lowest since March, based on an Energy Information Administration forecast released Monday. That’s the longest streak of monthly declines in government data going back to 2007.

back to news