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Investment market update

Early Trading

UK stocks are expected to open marginally lower, with today being the first opportunity for the market to react to Janet Yellen’s comments on US interest rates.

World Markets

Asian stocks rose, paring the worst monthly loss since February, as the dollar maintained strength against the yen amid expectations for higher US interest rates.

US stocks closed higher on Friday, amid growing confidence that the economy is strengthening enough to handle higher borrowing costs as early as this summer. Markets were closed yesterday for Memorial Day.

UK stocks were higher on Friday, giving the FTSE 100 Index its best weekly advance since April. Royal Mail Plc gained 2% after strikes scheduled for 31 May and 1 June were cancelled.

Headlines

The European Data Protection Supervisor has said a data transfer pact between the EU and US needs ‘significant improvements’. The EU-US Privacy Shield agreement was supposed to safeguard EU citizens’ personal information when stored in the US.

Strong sales of the luxury brand Jaguar Land Rover have lifted profits at Tata Motors. India’s biggest carmaker saw quarterly profit triple to 51.7bn rupees (£527m) from 17.17bn in the same quarter last year.

Scottish investment firm Alliance Trust has confirmed it has received an informal merger approach from RIT Capital. RIT has expressed interest in combining both funds to take their managed assets to more than £5bn.

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