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Investment market update

Early Trading

UK stocks are expected to open flat this morning, with mixed results in Asia offsetting a strong close in the US overnight.

World Markets

Asian shares hovered near a two-month low on Wednesday, as investors shrugged off an overnight rally in global stocks and looked to bonds in the absence of signs of a sustainable recovery in China and other emerging markets.

US stocks increased the most in two months following a bounce in commodities. Energy producers, industrial shares, banks and Amazon.com Inc. were among the strongest contributors to the rally. Amazon climbed 3.4% to an all-time high after an analyst boosted their price target on the shares to $1,000.

UK stocks climbed the most in three weeks, spurred by gains in banks and miners, which on Monday fell to their lowest prices in a month. Anglo American Plc rose 4.7% following a 14% fall on Monday, while BHP Billiton Ltd. gained 2.7%.

Headlines

Conservatives in Germany are vowing to push the ECB president, Mario Draghi, to reverse last week’s decision to phase out the €500 note and will amplify that call at a demonstration in the institution’s hometown of Frankfurt this weekend. While Draghi’s relationship with his host country might not be getting any easier, he is signalling he won’t bow to political pressure for now.

Chief executive, Amin Nasser, of Saudi Aramco, the state owned oil company, has said that production would increase in 2016 ahead of a share sale that could value the company at over $2 trillion, four times the value of Apple. The sale of up to 5% is part of a plan to double the size of the Saudi economy by 2030 and reduce the Kingdom’s reliance on oil and gas.

Heathrow Airport has promised to reduce night flights and curb both noise and pollution if it is allowed to build a new, third runway. The pledge comes ahead of a government decision on whether to expand Heathrow or rival Gatwick, expected this summer. Last year, the independent Davies Commission recommended expanding Heathrow, but with severe environmental restrictions.

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