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Market Buzz
31 May
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Market buzz: US imposes new metals tariffs, Euro inflation perks up

1528: Basque nationalist PNV party has reportedly said it will back no-confidence vote against Spanish PM.

31 May
noticias
Thursday newspaper round-up: Banks, steel, trade, trains

US regulators have started rowing back on banking restrictions brought in following the financial crisis, in a move seen as a significant victory for the Trump administration. The Federal Reserve has proposed altering the so-called Volcker rule, which was designed to stop banks from engaging in proprietary trading while accepting taxpayer-insured deposits. - Telegraph.

30 May
china-sector-automovil
Market buzz: Rise in Brent gives BP, Shell a lift

1700:Close The Footsie finished the session comfortably higher, as a rebound in Italian stocks helped steady traders' frayed nerves, at least for the moment.

30 May
noticias
Wednesday newspaper round-up: RBS, nuisance calls, M&S, Shire

The shadow chancellor, John McDonnell, has called on the government to use its position as majority shareholder of Royal Bank of Scotland to block planned branch closures. McDonnell said the government should use its stake to force RBS, which holds its annual shareholder meeting in Edinburgh on Wednesday, to act in the public interest and accused it of “dancing to the tune of the bank’s board”. Earlier in May RBS revealed plans to close 162 branches in England and Wales with the loss of nearly 800 jobs.

29 May
italie-croissance
Market buzz: Italy eyes July/August elections, Dixons profits slump 'fixable'

1700:Close Some investors took profits - albeit moderately - in stocks, even as others headed for the relative safety of Gilts in the wake of the latest political news out of Italy.

29 May
noticias
Tuesday newspaper round-up: Brexit, RBS, drones, Codemasters

The growing risk of a bad Brexit deal for the City of London is causing severe tensions between the Bank of England and the Treasury, according to reports. Amid mounting fears that Brussels will reject plans put forward by the chancellor, Philip Hammond, for maintaining close ties with the EU for financial services, the Financial Times reported that Bank officials are at loggerheads with the Treasury over the search for a “Plan B” arrangement. – Guardian.

25 May
europe germany map france uk britain spain
Market buzz: Stocks hold higher going into long weekend

1514: Spanish PM says he will not call early elections (despite the high political cost in terms of plummeting levels or approval in the polls).

25 May
noticias
Friday newspaper round-up: Bunnings, Lloyds, Apple, Bitcoin investigation

The Australian hardware chain Bunnings has pulled the plug on its disastrous $1bn venture into Britain, drawing an ignominious close to one of the worst retail acquisitions ever seen. After burning through hundreds of millions of dollars trying to sell the all-conquering sandpaper-meets-sausage-sizzle formula to DIY-crazy Britons, Bunnings’ parent group, Wesfarmers, said on Friday that it was offloading the 200-plus chain of former Homebase stores for a reported £1 nominal fee.

24 May
financial traders brokers
Market buzz: Reports say US-N.Korea summit called off

1609: Markets are in 'risk-off' mode following the announcement from the White House, with the 10-year US Treasury note yield down by four basis points at 2. 96%.

24 May
noticias
Thursday newspaper round-up: Brexit transition, max-fac, autos, Barclays

Theresa May will ask the European Union for a second Brexit transition period to run until 2023 to avoid a hard border in Ireland. Britain will propose another transition covering customs and trade that will follow the period already agreed, scheduled to last until the end of 2020. - The Times.

23 May
ep edificiobbvabilbao
Market buzz: Pound plunges further on weak CPI, Barclays mulling mergers?

1635: Close Lots of moving pieces, too many perhaps. US dollar strength was the 'name of the game' on Wednesday, as the US President sounded a downbeat note overnight on the prospects for the China trade talks and the upcoming (but perhaps not) summit with North Korea.

23 May
noticias
Wednesday newspaper round-up: Carillion, BP, Vedanta, Unaoil

The government was too slow to spot mounting financial problems at troubled public sector outsourcing company Carillion, according to a report that reveals the Cabinet Office decided the contractor was not “high risk” even as it neared insolvency. The parliamentary public accounts committee, which produced the report, also warned that Carillion’s collapse indicates that too many public works contracts are concentrated in the hands of a few private firms. - Guardian.

22 May
traders, trade, finance
Market buzz: Italy BTPs headed for 'junk'?, Inmarsat and Halfords slip

1611: Tesco's new UK chief has decided to close the group's online general merchandise business, Tesco Direct. Charles Wilson, who joined as part of the Booker takeover, said the move was “an essential step towards establishing a more sustainable non-food offer. ”.

22 May
noticias
Tuesday newspaper round-up: Sainsbury's, defence spending, BP

J Sainsbury is facing fresh scrutiny of its £12 billion merger with Asda after more than 100 MPs signed a letter criticising changes to the company’s staff pay that threaten to leave some workers more than £3,000 a year worse off. As many as 13,000 Sainsbury’s employees could take a hit to their pay packets, according to critics of the company’s plans, as it consults on a new deal meant to equalise pay among its 130,000-strong workforce. - The Times.

21 May
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Market buzz: FTSE flies to new record high, MPs call for Russian clampdown

1654: A "solid day" for equity markets in the US and UK, says market analyst Chris Beauchamp at IG, with the FTSE 100 clocking up yet another record high and moving on for the next summit of 8000, while the Dow Jones comes back from the weekend with a solid 300-plus day so far.

21 May
noticias
Monday newspaper round-up: Business registrations, M&S, Sky, RBS

Britain’s decision to leave the European Union has sparked a dramatic fall in the number of French, Dutch and Belgian businesses registering in the UK, in a further illustration of Brexit’s impact on the UK economy. Figures from Companies House show that French companies registered 48% fewer businesses in the UK in 2016-17 than the previous financial year while companies in Belgium registered 38% fewer. Companies in the Netherlands, which is probably the worst affected by Brexit of Britain’s trading partners, registered 52% fewer companies last year than in 2015-16.

18 May
brokerselfish
Market buzz: Glencore drops on SFO report, how much further will dollar rally?

1641: The FTSE 100 ends down on the day at 7,778. 79 but 54. 54 points higher over the week.

18 May
noticias
Friday newspaper round-up: Low paid workers, gender inequality, PayPal, Liberty Global

A smaller proportion of UK workers are low paid than at any time since the early 1980s, due to above-inflation increases in the government’s national living wage. A report by the Resolution Foundation thinktank said the share of employees who were officially classified as low paid – earning less than around £8. 50 an hour – had fallen to 18%, the lowest since 1982. – Guardian.

17 May
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Market buzz: Ocado surge 'inflicts pain' on shorts, Footsie hits record close

1704: Not often we have volcano news, but reports from Hawaii say the Kilauea volcano has erupted from its summit, sending a dusty plume of ash about 30,000 feet into the sky.

17 May
noticias
Thursday newspaper round-up: Rail franchises, customs deal, Capita, buy-to-let

Britain will tell Brussels it is prepared to stay tied to the customs union beyond 2021 as ministers remain deadlocked over a future deal with the EU. The Prime Minister's Brexit war Cabinet earlier this week agreed on a new "backstop" as a last resort to avoid a hard Irish border, having rejected earlier proposals from the European Union. - Telegraph.