Market Report
Comment: China settles for stable growth while embracing new global role
By Ipek Ozkardeskaya, senior analyst at London Capital Group.
FX round-up: Sterling lower as traders look ahead to raft of US, UK, Europe news
Sterling is lower on most key crosses on Monday afternoon, with the story at week's start mostly one of malaise, the US dollar and rate hikes as traders look to a raft of data and economic news later in the week.
Bonds: Bunds left out of ongoing reflation trade
These were the movements in some of the most widely-followed longer-term sovereign bond yields:.
Europe close: Banks pace retreat on news of Deutsche Bank capital plans
European equity markets edged lower on Monday, with Deutsche Bank dragging the DAX down following news of its capital raising plans and as investors considered the prospect of a US rate hike.
London close: Miners and banks lead FTSE down amid Monday malaise
Stocks in London ended Monday's session of malaise down, with miners following a fall in industrial metals prices and a downgrade of China's economic growth as big banks across Europe were hurt in the wake of Deutsche Bank's €8bn euro capital hike.
Directors dealings: IHG top executives listen to analysts and sell
A group of InterContinental Hotels Group's top executives sold large amounts of the company's stock at the end of the previous week.
Concert Pharma shares rocket 81% higher following cystic fibrosis drug deal
US healthcare firm Concert Pharmaceuticals' share price shot up more than 80% on Monday after the company announced a deal to sell its cystic fibrosis drug CTP-656 to Vertex Pharmaceuticals for $250m.
Commodities: Range-bound crude drifts higher as gold nudges north
Crude-oil futures are marginally higher on Monday afternoon, caught in range-bound trade with prices unlikely to break materially lower, while at the same time safe-haven gold is nudging north.
Sector movers: Miners hit by lower China growth plans, Acacia Mining pummelled
Steel makers and miners led a retreat at the start of the week after the People's Republic of China nudged its economic growth forecasts slightly lower over the weekend.
US open: Stocks lower as investors mull prospective rate hike
US stocks traded lower on Monday as geopolitical concerns weighed on investors' minds, while they also continued to mull over a prospective rate hike by the Federal Reserve next week.
GlaxoSmithKline reports positive results from Nucala trial
GlaxoSmithKline said on Monday that data from a phase IIIb trial of its Nucala (mepolizumab) drug added to standard of care achieved clinically and statistically significant improvements in the health-related quality of life and lung function in patients with severe asthma, when compared to patients treated with a placebo and standard of care.
US factory orders rise as expected in January
US factory orders rose strongly in February, led by a spike in those from the transportation sector.
Small cap news round-up
Tanzania-focussed mineral exploration and development company Kibo Mining announced on Monday that its CEO had officially unveiled and handed over two newly built classrooms to the Regional Commissioner of Songwe, Tanzania, on 3 March.
Gfinity to launch new Elite Series with CS:GO
Esports business Gfinity announced the launch of the Gfinity Challenger Series as the first stage of the Gfinity Elite Series on Monday, with the Counter Strike: Global Offensive game as the first of three titles to form part of the Elite Series.
Tuesday preview: Ashtead update in focus alongside retail and house prices
On Tuesday, we have information on the retail and housing sectors, plus a forkful of results from the likes of Ashtead, Direct Line, Just Eat, Paddy Power Betfair and Worldpay, along with the third reading of the Article 50 bill in the House of Lords.
House of Lords to debate "meaningful vote" for Brexit deal on Tuesday
Downing Street has ruled out Parliament having a final vote on the Brexit deal as it could affect negotiations with the European Union, a spokesperson said on Monday.
Kibo invests in future workforce with new classrooms
Tanzania-focussed mineral exploration and development company Kibo Mining announced on Monday that its CEO had officially unveiled and handed over two newly built classrooms to the Regional Commissioner of Songwe, Tanzania, on 3 March.
James Latham sees FY revenue in line, profit ahead of market views
Timber and panel products distributor James Latham said on Monday that it expects revenue for the year to the end of March 2017 to be broadly in line with market views, while pre-tax profit is likely to be higher.
FTSE 250 movers: Aberdeen Asset surges on merger; miners slump
London’s FTSE 250 index was flat at 18,890. 38 in afternoon trade, with M&A news failing to provide much of a boost.
Industrial-scale fraud operation targeting TalkTalk customers
An industrial-scale fraud operation was at the heart of the fraudulent telephone calls targeting TalkTalk customers, it was revealed on Monday.