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Investment market update

This bulletin provides you with an overview of the latest market news from around the world – world markets, key headlines, stocks and market data.

Early Trading

UK equities are expected to open relatively higher after yesterday’s news around a potential agreement between Greece and its creditors.

World Markets

Asian stocks extended a global rally amid optimism Greece’s debt standoff will be resolved.

US stocks advanced as Cigna Corp. and Williams Cos. jumped on merger news amid optimism over Greece debt talks.

UK stocks climbed on the back of Greece debt talks.

Headlines

European leaders gave Greek Prime Minister Alexis Tsipras’s government 48 hours to make the final push needed to satisfy creditors and end a five-month standoff over aid that risks splitting the euro. Leaders from Greece’s 18 fellow euro-zone countries agreed that Tsipras’s government was finally getting serious about striking a deal after it submitted a set of reform measures that began to converge with the terms demanded by creditors. They agreed to step up the pace of negotiations to secure a breakthrough on Wednesday that leaders can sign off at the end of the week.

More than 600,000 new businesses are set to launch this year, as the Government’s StartUp Britain campaign takes to the road. There were 581,000 new companies created last year and 2015 is expected to be another record-breaking year, with more than 600,000 expected to launch. StartUp Britain, a government-backed national enterprise campaign, will today begin its fourth national tour, aimed at providing inspiration and support to aspiring entrepreneurs.

UK businesses will back Prime Minister David Cameron in his bid to keep Britain in the European Union if he secures a deal that helps the economy, the British Chambers of Commerce said. Among five key reforms the lobby group identified, Britain needs an opt-out from an “ever closer union” and a “clear and balanced” approach to immigration, Director General John Longworth said. In a letter to Cameron, he also said the common market needs to be improved to benefit services companies, and the UK must be protected from some of the EU’s excessive regulation.

Stocks

Cigna Corp. jumped 4.7% after rejecting Anthem Inc.’s $47 billion takeover bid.

Williams Cos. surged 26% after rejecting a $48 billion stock-based takeover offer from pipeline magnate Kelcy Warren.

Sky Plc climbed 3.5% after the Sunday Telegraph reported Rupert Murdoch’s family has turned down two offers for its holding in the company.

Carnival Corp. gained 3.8% after Deutsche Bank AG recommended buying the shares, saying the cruise-ship operator’s earnings may beat estimates.

Spire Healthcare Group Plc jumped 11% after Mediclinic International Ltd. agreed to buy a stake for £431.7 million.

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