Market Pulse - Europe
Saudi makes case for 1.0m b/d cut in crude oil output
Riyadh and its allies should cut their combined output of crude oil in order to balance the market, Saudi Arabia believes, but it remains to be seen if other producers will participate in any reductions.
FX round-up: Sterling and euro battered, rouble gets unexpected boost
Sterling reeled against the Greenback at the start of the week as the US dollar spot index jumped to its loftiest level since May 2017.
Small cap round-up
Funeral provider Dignity posted a drop in profits on Monday as it continues to battle competition in the market.
Tuesday preview: All eyes on Cabinet meeting, Italian budget
All eyes on Tuesday will be on a meeting of the Cabinet and on whether any progress is achieved on Brexit negotiations.
Europe close: Politics in focus, Technology issues hammered
Stocks have begun the week lower, with early gains evaporating alongside another move lower in the single currency and talk of continued outflows from risk assets in Europe.
Barnier says main Brexit framework 'largely defined' - FT
The EU’s chief Brexit negotiator on Monday told ministers from the EU’s remaining member states that the main points of a Brexit deal were ready to present to the UK cabinet on Tuesday, according to The Financial Times.
Canaccord drops target price on Playtech despite 'positive' update on Asia
Analysts at Canaccord Genuity cut their target price on gambling software company Playtech on Monday despite its "positive response" to the group reiterating its full-year guidance and signs of "some" stabilisation in the firm's Asian business.
Europe midday: Bounce in Oil & Gas offset by slide in Technology issues
Stocks have begun the week lower, with early gains evaporating alongside another move lower in the single currency and talk of continued outflows from risk assets in Europe.
Eland joint venture lands licence renewal in Nigeria
Eland Oil & Gas on Monday confirmed that the Nigerian minister of petroleum resources has agreed to joint-venture Elcrest’s renewal of its equity participation in Oil Mining Lease 40 for a further 20 years.
Takeda to seek investor approval for Shire take-over next month; shares spike
Japan’s Takeda Pharmaceutical has announced it expects to complete its $62bn takeover of Shire Pharmaceuticals in early January, sending shares in the FTSE 100 drugs group higher.