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Europe close: Stocks edge higher
European markets finished the session slightly higher for the most part, against a backdrop of positive economic data and heavy news-flow news regarding continued deal-making in the corporate space.
US open: Wall Street little changed as oil prices stabilise
Wall Street's main indices were little changed in early trading as oil prices recovered their footing and against a backdrop of solid readings on the jobs and housing markets.
Sector movers: Diageo weighs on Beverages after costly takeover of Casamigos
Pharma and Industrial engineering shares are at the top of the leaderboard amid supportive news-flow and broker commentary.
Prudent to wait until December to hike again, Fed's Harker says
In an interview with the Financial Times, the president of the Federal Reserve bank of Philadelphia, Patrick Harker, said it would be "prudent" for the US central bank to defer its next interest rate hike until December, instead of tightening at its September meeting.
Europe midday: Oil shares slip towards seven-month low
European markets were holding lower, with investors pushing Oil&Gas shares to near seven-month lows, albeit against a backdrop of positive economic data and heavy news-flow news regarding continued deal-making in the corporate space.
Results round-up
Ultra Electronics, the technology focused defence and security products group, said US orders continued to be held back by the delayed government budget but that its full year expectations remained unchanged.
Broker tips: StanChart, Lloyds, Miners, Ultra Electronics
Goldman Sachs stuck to a 'buy' recommendation on StanChart and 'sell' on Lloyds and Barclays after adjusting its earnings estimates for the sector to reflect recent market developments and ahead of the release of the Financial Policy Committee's Financial Stability Report on 27 June.
Goldman positive on StanChart but stays at sell on Barclays and Lloyds
Goldman Sachs stuck to a 'buy' recommendation on StanChart and 'sell' on Lloyds and Barclays after adjusting its earnings estimates for the sector to reflect recent market developments and ahead of the release of the Financial Policy Committee's Financial Stability Report on 27 June.
Deutsche Bank cautious on EMEA miners, Rio Tinto still top-pick
Deutsche Bank reiterated a 'neutral' view on the European, Middle East & Asia mining sector, telling clients they were cautious given the modest deterioration seen in macro indicators for the sector.
Ultra Electronics meaningfully undervalued, Investec says
Analysts at Investec reiterated their recommendation on Ultra Electronics, telling clients the shares were "meaningfully" undervalued with momentum in the company's orders set to continue.
Europe open: Stocks slip on oil price dip, but deal-making continues
European markets have begun the session lower weighed down by another fall overnight in crude oil futures, but against a backdrop of positive economic data and heavy news-flow news regarding continued deal-making in the corporate space.