International News
Amazon's push into groceries to benefit Morrisons and Ocado, Credit Suisse says
Amazon's acquisition of Whole Foods Market showed it was very serious about entering the grocery market, putting it on a course to eventually become a direct competitor of all the main players in the space, analysts at Credit Suisse said.
US close: Dow, S&P 500 close at records as tech sector rallies
US stocks ended in the black on Monday, with the Dow and S&P 500 at record highs thanks to gains in the technology sector.
Europe close: German and French shares lead gains
German and French stocks led European shares higher following two consecutive weeks of losses after Emmanuele Macron's En Marche won the legislative elections at the weekend.
Barclays sees 40% chance of rival bid for Whole Foods
Analysts at Barclays revised their target price on shares of Whole Foods higher even after it agreed to be bought over by Amazon. com, arguing there was a fair chance that a more enticing offer would be forthcoming.
US open: Dow Industrials and S&P 500 plow ahead, set new highs
Gains in technology and industrial metals saw the Dow Jones Industrials and S&P 500 hit fresh record highs at the start of the week.
Fed's Dudley not paying much attention to signals from bond market, reports say
Stay the course, the head of the Federal Reserve bank of New York said at the start of the week.
US pre-open: Stocks seen higher, with Dow set for fresh record
US futures pointed to a firmer start on Wall Street on Monday, with the Dow set to hit a fresh record at the open.
Citi cuts iron ore price forecasts
Analysts at Citi lowered their forecasts for the price of iron ore over the next twelve months, telling clients that lower prices were needed in order for the market to re-balance and in anticipation of waning Chinese growth.
Asia report: Markets higher ahead of Brexit talks
Markets in Asia finished higher on Monday, as markets prepared for the Brexit negotiations between the United Kingdom and the so-called ‘EU27’, while a terrorist attack outside a London mosque left one person dead.
Momentum in euro area construction increasing, economists say
Construction output in the euro area edged higher in April despite weakness in civil engineering.
Japanese seasonally adjusted trade surplus slips in May
Japanese exports and imports failed to rebound in May, suggesting that foreign demand acted as a drag on the broader economy during the second quarter, but some economists were nevertheless optimistic.
France's Macron wins comfortable majority, but abstention at record-high
French president Emmanuele Macron's upstart centrist movement and his allies won a comfortable majority in legislative elections at the weekend, albeit amid a record low turnout, a stark reminder that a large minority of French are opposed to his plans.