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Investment market update

Early Trading

UK stocks are expected to open higher this morning tracking overnight gains on Wall Street.

World Markets

Asian stocks swung between gains and losses before ending mostly lower, as investors eyed increased uncertainty heading into the Federal Reserve’s crucial meeting on interest rates next week.

US stocks rose as Apple Inc. led a rally in technology shares, up 2.2%. Pfizer Inc. and Merck & Co. climbed at least 1.5% as health-care stocks gained amid deal announcements.

UK stocks fell for the first time in four days amid renewed concern the Federal Reserve will raise rates this month. Losses in miners and grocers dragged the FTSE 100 Index lower, with Glencore Plc falling 5.3% and Wm Morrison Supermarkets Plc down 2.8% after its earnings fell more than estimated.

Headlines

The euro area might have built up enough momentum to shrug off China’s woes for now. Domestic demand, a major driver of German growth in recent months, is showing signs of improvement in other European countries too, and trade within the 19-nation bloc is picking up.

The UK’s National Balancing Point stayed the biggest natural gas hub in Europe in August as trading across Europe declined, according to Trayport Ltd. “NBP remains the largest gas market by volume with TTF volumes stable around 89-90% of the NBP market for the last three months”.

Nomura Holdings Inc. and Mitsubishi UFJ Morgan Stanley Securities Co. will lead Japan Post Group’s 1.4 trillion-yen initial public offering, with duty to sell almost half the stock. They will be responsible for the greatest share of the domestic offering, each selling about 25% of that tranche while the other banks will handle less than 10% apiece.

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