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11 Aug
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Week ahead: US, China CPI and UK Q2 GDP in focus

The market spotlight over the coming week will remain on the US, where readings for consumer and producer prices are both due out.

08 Aug
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US non-farm payrolls jump past forecasts in July

The US economy created far more jobs than expected last month pushing the unemployment rate a tad lower.

05 Aug
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Europe close: Stocks slip after data shows US jobs market still running hot

European shares were mostly in the red on Friday as investors digested a far stronger-than-expected US payrolls report.

05 Aug
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London close: Investors and analysts cautious after 'sizzling' US jobs report

For investors who had grown accustomed to market conditions where 'bad news' on the economy was 'good news' for stocks, Friday's much stronger-than-expected reading on the US jobs proved a disappointment.

05 Aug
Weekly review

The FTSE ended the week 16. 31 points higher at 7,439. 74.

05 Aug
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FTSE 100 movers: Hargreaves Lansdown rallies; WPP slumps

London’s FTSE 100 was up 0. 1% at 7,456. 92 in afternoon trade on Friday.

05 Aug
FTSE 250 movers: Tullow gushes higher despite well abandonment

The FTSE 250 was down 0. 42% at 20,071. 24 at 1526 BST.

05 Aug
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US open: Stocks head south following NFP data

Wall Street stocks headed south early on Friday as market participants digested a key jobs report.

05 Aug
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Amazon to buy Roomba robot vacuum maker iRobot in $1.7bn deal

Amazon said on Friday that it has agreed to buy iRobot in a $1. 7bn cash deal.

05 Aug
Director dealings: JLEN chair spends £76k on shares

JLEN Environmental Assets disclosed a director purchase worth over £76k on Friday, made by its non-executive chair.

05 Aug
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Citi sees Fed 2023 pivot, stays cautious on risk, long duration and US dollar

A so-called 'pivot' by the US central bank was likely, argued strategists at Citi, but company earnings growth remained a risk, prompting them to stay "cautious" on risk, long on duration and the US dollar.

05 Aug
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BofA strategists still see end game for S&P 500 below 3,600, US dollar as 'great short' of 2023

Equity strategists at BofA Securities recommended clients "short" the S&P 500 on moves above 4,342. 0, where the index's 200-day moving average was to be found and to fade it above 4,200 points.

05 Aug
Europe midday: Shares slip into red on gloomy outlook

European shares had slipped into the red by late morning on Friday as investors eyed US payrolls data later in the day.

05 Aug
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London midday: FTSE little changed ahead of payrolls

London stocks were still little changed by midday on Friday as investors erred on the side of caution ahead of the latest US non-farm payrolls report.

05 Aug
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Asia report: Stocks rise as RBA hikes inflation forecast

Stock markets closed higher in Asia on Friday, as investors brushed off ongoing military drills being carried out by China in an apparent response to US House Speaker Nancy Pelosi’s visit to Taiwan earlier in the week.

05 Aug
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What does the bill proposed by the US Senate mean for Bitcoin and cryptos?

The crypto market has remained flat over the past few days, as Bitcoin ranges between $22,700 and $23,400. There is some renewed optimism however surrounding regulation. On Wednesday, a bipartisan group of senators put forward a new bill that classifies Bitcoin and Ethereum as commodities. If this passes it would mean that these are the only cryptos that are not able to be classified as securities, which would remove a significant concern for side-lined institutions.

05 Aug
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Broker tips: Hikma Pharmaceuticals, BAE Systems, Go-Ahead Group

Barclays downgraded Hikma Pharmaceuticals on Friday to 'equalweight' from 'overweight' and cut the price target to 1,750. 0p from 2,250. 0p as it said a lack of visibility in the generics division was a real concern.

05 Aug
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US pre-open: Futures flat ahead of key jobs report

Wall Street futures were pointing to a broadly flat open ahead of the bell on Friday as market participants patiently awaited a key jobs report.

05 Aug
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Jefferies downgrades Go-Ahead, lifts price target after improved takeover offer

Jefferies downgraded Go-Ahead on Friday to ‘hold’ from ‘buy’ as it lifted its price target to 1,550p from 1,320p to reflect the increased takeover offer from Kinetic and Globalvia.

05 Aug
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Capita H1 pre-tax profits slump

Outsourcing and professional services firm Capita said on Friday that interim pre-tax profits had slumped due to business exits and portfolio goodwill impairment.

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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.