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Trading was subdued in the commodities arena at the end of the week, with traders mostly sitting on their hands going into the weekend break after an eventful five-day stretch.
European stocks were mostly higher on Friday as investors looked to the resumption of Sino-US trade negotiations after a week packed with central bank action.
The focus over the coming week will revert to Brexit and the ongoing mid-level US-China consultations on trade.
Big chip stocks finished the session and the weekly a tad lower as trading on Wall Street got off to a slightly volatile start, while the more domestic oriented shares on London's second-tier index managed to put in modest gains despite the mixed messages about the progress being made in Brexit negotiations.
Analysts at Cannacord Genuity reiterated their 'conviction buy' recommendation for shares of Intermediate Capital Group following the asset manager's latest half-year figures.
A top US central bank official on Friday explained the reasoning behind his decision not to back another reduction in interest rates at the policy meeting that ended two days before.
Sterling gave back some of the previous session's gains after Dublin poured cold water on recent speculation that an agreement on a Brexit deal between the European Union and Westminster might be withing grasp.
European stocks were on Thursday as investors digested the impact the Fed's latest rate cut and the Bank of England held its own rates steady.
London stocks made small gains on Thursday as the Bank of England stood pat on interest rates and the US Federal Reserve cut them further.
Manufacturing sector activity in the US mid-Atlantic region remained stronger than expected in September, but that resilience was likely to soon be tested and should not be extrapolated to the remainder of the country, economists said.
"We are baffled by the lack of change in the economic forecasts for 2020. [. ] The overriding message here, then, is uncertainty, which has generated forecasts showing that not much will change in either the economy or policy. Probably, this will turn out to be wrong, but it’s just not possible to say with any confidence in which direction, or when. " - Ian Shepherdson, Pantheon Macroeconomics.
America's central bank cut its main policy rate further and now several of its top officials believed that it would need to be lowered again before the year was out.
Energy futures continued to drag the complex lower on Wednesday after Saudi said that the majority of output of crude oil lost in the previous weekend's attacks on the kingdom's energy infrastructure should be back on-line by the end of September.
European stocks ended Wednesday's session a tad higher ahead of the US Federal Reserve's policy announcement, while oil prices continued to retreat from Monday's highs.
London stocks were little changed on Wednesday as investors mulled UK inflation data while they waited for the latest policy announcement from the US Federal Reserve.
Rate-setters at the Bank of England are expected to stay put on policy on Thursday, particularly now perhaps, given the recent jump in geopolitical risk emanating from the Middle East.
The head of the Bank for International Settlements said a global recession was not yet certain and called for a resolution of trade tensions in order to boost growth.
Blackstone is among the list of investors that has been picking up UK assets on the cheap as a result of Brexit.
Mark Carney may be asked to prolong his term at the helm of the Bank of England if Britain's scheduled date for departing the European Union is delayed again.