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Investment market update

Early Trading

UK stocks are expected to open in positive territory with the prospect of an immediate increase in US interest rates receding.

World Markets

Asian stocks rose as gains in the materials sector outweighed losses within consumer discretionary and industrial groups. Oil and other major commodities climbed after weak US jobs data signalled that the Federal Reserve may delay a rate increase.

US stocks declined, with the S&P 500 slipping from a seven-month high, after disappointing payroll gains heightened concerns that growth is fading.

Commodity producers pushed UK equities up, after three straight days of losses, and helped them maintain gains even after a US jobs report dragged most of the rest of Europe’s markets down.

Headlines

German factory orders declined in April as demand for investment goods from outside the 19-nation currency region slumped. Orders, adjusted for seasonal swings and inflation, fell 2% from the prior month.

Saudi Arabia’s plans to bolster its finances are taking on a new sense of urgency as lower oil prices put the economy under more strain than at any other time in the past decade. In recent weeks, the kingdom raised a $10 billion loan, clamped down on currency speculators and informed banks of plans to raise as much as $15 billion in its first international bond sale

Hillary Clinton cruised to victory in Puerto Rico’s Democratic primary on Sunday, putting her on the cusp of mathematically clinching the party’s nomination and becoming the first woman to lead a major US presidential ticket.

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