The focus in financial markets over the coming week will be on global manufacturing and services sector conditions with a raft of survey results due out in the euro area, UK and US on Friday.
Stockmarkets are set to consolidate, given that inflation is now "a bit more" of an issue, but they are not headed for a 'correction', says Andrew Garthwaite at Credit Suisse.
European shares ran up on Friday, tracking gains on Wall Street despite slightly weaker-than-expected readings on economic activity in the US.
London stocks managed a positive finish on Friday, joining global markets for an end-of-week bounceback, as worries about inflation eased.
The FTSE 100 ended the week 86. 1 points lower, closing at 7,043. 61 on Friday.
The COP26 climate change conference president Alok Sharma said that phasing out coal is a must in order to reach climate targets.
Amazon is creating 10,000 permanent jobs in the UK in response to the boom in online shopping seen during the pandemic.
The World Health Organization said on Friday it is in talks with the United States to share vaccines with the international COVAX scheme.
Analysts at Canaccord Genuity upgraded software and services firm NCC Group from 'hold' to 'buy' and raised their target price on the stock from 265. 0p to 318. 0p on Friday, citing its "strategic acquisition" of IPM.
UK gas company IOG has signed a collaboration agreement with Heriot-Watt University's Centre for Doctoral Training, ‘GeoNetZero CDT’ to support research into carbon capture and storage and other renewable opportunities.
London’s FTSE 250 was up 1. 1% at 22,306. 53 in afternoon trade on Friday.
Higher inflation is taking its toll on Americans' confidence in the economy, the results of a closely-followed survey revealed.
NCC Group: Canaccord upgrades to buy with a target price of 318p.
US retail sales slowed down in April after the initial effect of the White House's Covid-19 stimulus checks faded.
Wall Street stocks opened higher on Friday despite market participants digesting a weaker-than-expected monthly retail sales report.
London’s FTSE 100 was up 0. 9% at 7,027. 96 in afternoon trade on Friday as inflation worries eased.
Lloyd’s of London underwriting capacity consolidator Helios updated its current mid-point forecasts for its portfolio of syndicate capacity for account years 2019 and 2020 on Friday, based on first quarter 2021 estimates.
E-therapeutics has completed a placing, subscription and retail offer via PrimaryBid, it announced on Friday, conditionally raising gross proceeds of £22. 5m to help expand its drug discovery and development capabilities and asset pipeline.
North Falkland Basin-focussed oil and gas company Rockhopper Exploration updated the market on its international arbitration against the Republic of Italy in relation to the Ombrina Mare field on Friday.
General Mills said on Friday that it has agreed to buy Tyson Foods’ pet treats business for $1. 2bn in cash.
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