Wealth Management news

Early Trading

UK stocks have opened flat this morning following a sharp sell-off in the US on Friday.

World Markets

Chinese shares led Asian markets excluding Japan higher on Monday, with trading volumes low heading in to a holiday-heavy week.

US stocks fell as investors weighed the impact of the Federal Reserve’s interest-rate increase and the prospects for slowing global growth. Apple Inc., Walt Disney Co. and Boeing Co. fell at least 2.7%. Banks, technology and consumer companies in the S&P 500 Index all lost more than 1.4% to pace a broad selloff.

UK stocks fell on Friday with shares in temporary power provider Aggreko falling 2.3% after it pulled out of bidding to supply generators to the Rio Olympics. A slight recovery in the prices of some metals lifted mining companies, with Anglo American the top riser, up 5.7%.


Brent crude fell to the lowest level since 2004 amid speculation suppliers from the Middle East to the US will exacerbate a record glut as they continue fighting for market share. Futures fell as much as 1.9% in London after a 2.8% drop last week. Producers are focusing on reducing costs amid the price decline, Qatar Energy Minister Mohammed Al Sada said Sunday at a meeting of Arab oil-exporting nations in Cairo.

Spain entered uncharted political territory after Prime Minister Mariano Rajoy lost his majority in an inconclusive election that saw voters shift allegiance to new groups at the expense of the two main parties.

Toshiba Corp. forecast a record 550 billion yen ($4.5 billion) loss for the current fiscal year following an accounting scandal and plans for job cuts and restructuring in its lifestyles segment including televisions, personal computers and home appliances.