A round-up of the key stories across the specialist financial media, including news that European stocks gained for a fourth day before reports that might show US factory output and consumer confidence increased
European stocks rise for a fourth day before US reports
European stocks gained for a fourth day before reports that might show American factory output and consumer confidence increased. US index futures and Asian shares fluctuated.
World stocks held near the previous day's 7½-month high on Friday and crude oil rebounded, sticking with a rally in riskier markets this week due to robust economic data from both sides of the Atlantic.
A top US regulator – Commodity Futures Trading Commission – said its agency plans to widen day-to-day monitoring of the commodities and futures markets, targeting the high-speed trading firms that are a growing force.
South Africa bonds riskier to Investec than Russia on deficit
South African debt is losing favour with Investec Asset Management, the nation’s biggest independent money manager, to Russian local-currency bonds because of concerns the budget deficit will grow.
Wall Street’s concern over the latest public outcry at Goldman Sachs was underscored when the head of one of its biggest rivals warned his senior staff not to exploit the “alleged issues” surrounding the investment bank.
