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Investment market update

Early Trading

UK stocks have opened higher this morning after Asian markets were boosted by far better Japanese capital expenditure numbers.

World Markets

Asian stock markets were mostly higher Tuesday as improved manufacturing in Japan offset weak Chinese data. The addition of the yuan to the IMF’s basket of globally important currencies bolstered confidence China is making progress with financial and economic liberalization.

US stocks slipped on Monday, led by declines in health and consumer shares, as investors braced for policy news from central banks. Retail stocks were down on Cyber Monday, the biggest online shopping day of the year. Target shares fell 1.3% after its website faced an outage due to heavy traffic.

UK stocks fell 0.3% with BHP Billiton Ltd. extending its lowest price since 2008. The miner lost 1.3% as Brazil is seeking as much as 20 billion reais ($5.2 billion) compensation for a dam collapse at an iron-ore venture co-owned with Vale SA.

Headlines

UK mortgage approvals rose in October, indicating continued robust demand in the housing market. Approvals increased to 69,630 from 69,012 in September, the Bank of England said on Monday. The latest data come a day before the Bank of England publishes its Financial Stability Review, outlining potential threats to the economy, including the pace of lending, property-market growth and consumer-debt levels.

Standard Chartered Plc and Royal Bank of Scotland Group Plc escaped having to raise additional capital in the Bank of England’s latest stress test, even though they fell short in some parts of the assessment. RBS failed to meet its individual-capital guidance in the examination, based on end-2014 data, the BOE’s Prudential Regulation Authority said in a statement on Tuesday. Standard Chartered did not meet its Tier 1 minimum capital ratio, a measure of financial strength.

India’s economy grew faster than estimated before central bank Governor Raghuram Rajan reviews interest rates on Tuesday for a final time this year. Gross domestic product rose 7.4% in July-September from a year earlier, after a 7% expansion the previous quarter.

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