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Investment Market Update

Early trading

UK stocks are expected to open higher with sentiment upbeat ahead of the Federal Reserve policy meeting this week.

Asia – Asian stocks rose as a rebound in oil bolstered risk appetite ahead of heavily-anticipated central bank policy meetings this week. Japan’s markets were closed Monday for a holiday while South Korea returned after a three-day break.

US – US stocks fell, with the news on Deutsche Bank’s impending penalty coupled with a fall in the price of oil.

UK – UK shares fell back slightly, with the FTSE 100 index closing lower. The main feature was a drop in bank shares which came after the news that Deutsche Bank faces a $14bn penalty to settle an investigation by US regulators into the mis-selling of mortgage-backed securities.

Headlines

  • Japan’s South Korean tech giant Samsung Electronics is looking to free up some cash. It has sold off shares in four companies, including US chipmaker Rambus, hard driver maker Seagate, semiconductor firm ASLM and Japan’s Sharp.
  • The water regulator, Ofwat, has published proposals which could see the water market opened up to more competition in England with the aim of lowering bill prices. Currently, households have no choice which water company supplies them. Ofwat says greater competition could mean innovation and lower prices.

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