Market Pulse
Monday newspaper round-up: Carillion, GKN, Barclays, diesel cars
Ministers are facing questions about why hundreds of millions of pounds of work was awarded to a public contractor even after it issued a string of profit warnings. Last night the fate of the company, an employer of almost 20,000 people in the UK, lay in government hands after lenders indicated they would not rescue it without ministerial help. - The Times.
London pre-open: Stocks seen higher after record US close; Carillion in focus
London stocks were set for a positive open on Monday after US indices notched record closes on Friday following some well-received earnings.
Rolls-Royce confirms L'Orange arm could be up for sale
Rolls-Royce has confirmed that it is mulling a potential sale of its L'Orange fuel-injection business, after reports the engine maker was looking for around $700m (£510m).
Bonds: Gilts underperform as Brexit uncertainty lifts slightly
These were the movements in some of the most widely-followed 10 year sovereign bond yields: US: 2. 55% (+1bp)UK: 1. 34% (+3bp)Germany: 0. 58% (+0bp)France: 0. 85% (-1bp)Spain: 1. 50% (-4bp)Italy: 1. 98% (-7bp)Portugal: 1. 79% (-4bp)Greece: 4. 0% (+2bp)Japan: 0. 08% (+1bp) .
FX round-up: Pound, euro take out their 2017 highs
Sterling shot higher at the end of the week, with traders referencing a report that the Spanish and Dutch finance ministers were hoping to promote a soft Brexit as the main trigger behind the move.
New UK home asking prices rise 0.7% in January, Rightmove says
Asking prices for new homes coming to market rose in January by slightly more than a year ago, but continued to lag the pace of gains seen in previous years, according to property website Rightmove.