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Investment Market Update

Early trading

UK stocks look set to open higher after Prime Minister Teresa May claimed that work to uncouple from the European Union would begin in March.

Asia

Asian stocks rose and regional bonds fell as concern about Deutsche Bank AG’s finances eased.

US

Risk appetite returned to equity markets on speculation Deutsche Bank AG will pay less than half of a penalty sought by the US authorities, sparking a rally in US stocks and sending US Treasuries downwards. Financial shares in the gauge jumped the most in eight weeks.

UK

UK shares erased most of their earlier losses as concerns over lenders eased throughout Friday, contributing to the FTSE 100 Index posting its biggest quarterly advance since 2013.

Headlines

  • Prime Minister Theresa May said she’ll begin the UK’s process of withdrawal from the European Union in the first quarter of next year in her clearest announcement yet about her government’s Brexit strategy.
  • Janus Capital and Henderson have this morning recommended a merger between the two organisations. The combined group, to be known as Janus Henderson Global Investors, will be the leading global active asset manager with more than $320 billion of assets under management.

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