Investment market update
UK stocks are expected to open relatively flat, following the release of Chinese trade data which showed both exports and imports fell more than expected.
Asia – Asian stocks advanced as the yen weakened after a strong US jobs report, sending Japanese exporters higher.
US – US stocks rose, with equities paring a weekly decline, after a second month of stronger payrolls data bolstered optimism that slow but steady economic growth remains on track.
UK – UK stocks closed higher on Friday following Thursday’s interest rate cut, but RBS shares fell after it reported worse-than-expected losses.
- Businesses are trying to persuade the government to slow or even abandon its policy to raise the “national living wage” to one of the highest rates in the developed world by 2020.
- Standard and Poor’s has raised its rating on South Korea, citing the east Asian country’s economic track record and relative degree of geopolitical security. The ratings agency raised its long-term credit rating on the country to AA, from AA-, with a stable outlook.
- Britons living close to fracking wells could be paid some of the proceeds under proposals being considered by the UK government.