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Week ahead: US jobs report, global services in focus
Financial markets' focus over the coming will be firmly on the release of a US non-farm payrolls that might eliminate whatever doubts one might harbour that the country's central bank will start dialing back its asset purchases over the coming months.
Europe midday: Shares lower as AO World highlights supply woes
European stocks were lower at midday on Friday as persistent worries about an economic slowdown and rising inflation rattled investors.
Bitcoin on the rise following a positive note at the end of September
Bitcoin and cryptoassets rose significantly this October 1st after the digital currency par excellence put an end to a month like September that fulfilled its historical pattern and generated losses (around 11% loss). In addition, the ninth month of the year was absolutely tumultuous for cryptocurrencies, especially for El Salvador, Evergrande and the Chinese government, which gave high doses of volatility to the market in general.
Europe close: Stocks mostly lower at the end of the week
European stocks finished the week on a down note as persistent worries about an economic slowdown and rising inflation rattled investors.
Merck and Ridgeback report good results in trial for Covid-19 oral treatment
The oral treatment developed by America´s Merck and Ridgeback Biotherapeutics halves the risk of hospitalisation or death among those infected with Covid-19.
London close: Stocks start October in negative territory
London stocks remained below the waterline by the close on Friday, amid ongoing concerns about inflation.
EU suspends trade talks with Australia amid subs row
The latest round of Australia-EU free trade talks have been postponed, a European official confirmed Friday, after Canberra's decision to cancel a major French submarine contract caused fury in Paris.
Broker tips: Smith & Nephew, AO World, Pearson
Analysts at Berenberg cut their target price on medical equipment manufacturer Smith & Nephew from £20. 20 to £18. 80 on Friday, stating the firm was now facing a "bumpier road" to the "same destination".
Director dealings: Foxtons Group director raises stake
Foxtons Group revealed on Friday that non-executive director Sheena Mackay had acquired 60,000 ordinary shares in the London-listed estate agent.
FTSE 250 movers: AO tanks after update, Euromoney gains ground
London’s FTSE 250 was 0. 4% lower at 22,943. 36 in afternoon trade on Friday.
US consumer confidence remains at depressed levels in September
Consumers in the US grew a bit more confident last month but remained depressed overall, perhaps the most closely-followed sentiment survey revealed.
US open: Stocks trade lower following PCE report
Wall Street stocks were in the red early on Friday as investors digested a number of key data points shortly after the bell.
US factory activity picks up unexpectedly in September, ISM says
Activity in America´s manufacturing sector picked up slightly last month despite the myriad supply-side afflicting the sector, the results of a closely-followed survey revealed.
FTSE 100 movers: Lloyds in the red; travel shares gain
London’s FTSE 100 was down 0. 7% at 7,036. 66 in afternoon trade on Friday.
Applied Materials CFO Dan Durn leaves to join Adobe
Applied Materials announced on Friday that senior vice president and chief financial officer Dan Durn is leaving the company on 15 October to become CFO at Adobe.
US personal spending grows a bit more slowly than expected over the sumer
Americans' splashed out a bit less over the summer although incomes continued to grow as expected, fresh data revealed.
Jefferies takes a fresh look at AO World following 'unscheduled and disappointing' update
Analysts at Jefferies reiterated their 400. 0p target price on shares of AO World on Friday despite stating the firm was just another in a long line of retailers to face "challenging" 2020 comparatives.
US pre-open: Futures in the red following heavy losses in previous session
Wall Street futures were pointing to losses ahead of the bell on Friday as investors await the release of key data points later in the day.
AO World shares plunge as update reveals supply chain pressures
Shares in online electrical retailer AO World plunged on Friday after the company reported a worse-than-expected rise in first-half revenues and guided for annual profits below expectations.