Your Daily News
Tom Williams
Tom Williams Wealth Management, Partner Practice of St. James's Place Wealth Management. Helping you to make the most of tax & investment planning
My daily interpretation of what's going on in the world, enjoy.
Today’s News
World:
France summons US envoy over ‘spying'
Netherlands ordered to cut emissions
Greek PM bids to seal debt deal
Pakistan heatwave deaths over 800
World 'largely favours' US and Obama
Hungary suspends key EU asylum rule
Armenians stage renewed protests
Ebola crisis 'harming malaria fight’
China in baby milk powder recall
Police raid Toyota after arrest
London:
Two killed by train at Ealing Broadway
Queen 'could move out of Buckingham Palace'
Lord Janner 'abused children in Parliament', claims MP
Nicholas Salvador detained over woman's beheading
Today’s News From The Past
1497 - John Cabot claims Eastern Canada for England (believes he found Asia in Nova Scotia)
1509 - Henry VIII is crowned King of England in Westminster Abbey
1793 - 1st republican constitution in France adopted
1812 - Napoleon Bonaparte's forces invade Russia crossing the Neman River
1853 - Gadsden Purchase 29,670-square-mile (76,800 square km) from Mexico (now southern Arizona and New Mexico) for $10 million signed by President Franklin Pierce
1901 - 1st exhibition by Pablo Picasso, 19, opens in Paris
1930 - 1st radar detection of planes, Anacostia DC.
Today’s Sport News
Done deal! Liverpool sign Firmino
'Barcelona step up move for unhappy Di Maria'
Redknapp's back in management
Firmino close to ￡28.4m Liverpool switch
Rogers firm banned over Ashes tickets
Murray seeded third at Wimbledon as Nadal drops to 10th
England storm to victory over New Zealand
Miami Dolphins owner and Qatar to bid for F1
Williams Wealth Management
Investment Market Update
Investors await signs of any more concrete developments in talks over Greece's debt problems.
WORLD MARKETS
- Asian stocks climbed as Japan’s Nikkei 225 closed at its highest point since 1996, as gains by shippers and brokerages pushed the equity measure through its dot-com era peak.
- US stocks rose, with the S&P 500 Index near a record, as investors weighed economic data for clues on the timing of higher interest rates amid optimism that a deal on Greek aid is within reach.
- UK stocks advanced after three days of rallies for the FTSE 100 Index, amid optimism that Greece will reach a deal with its creditors.
HEADLINES
- European finance ministers will meet for the third time in a week today to try to secure an agreement to avert a default in Greece. With a week to go before the country’s bailout expires, a deal appeared within reach after Greek Prime Minister Alexis Tsipras signalled he was ready to end a bitter five-month standoff and reach agreement with creditors to unlock aid.
- The US federal probe that ended last month with guilty pleas and $6 billion in fines from global banks began with an open secret -- that currency traders there could talk to each other to coordinate trades. Now, the Justice Department unit behind those prosecutions is turning its sights on the $12.7 trillion US Treasury market.
- Senior bankers found guilty of misconduct by regulators could be forced to pay back bonuses as long as 10 years after they were awarded under new Bank of England rules. The BOE said that it would also seek public input on curbing so-called buyout arrangements whereby a new employer compensates bankers for bonuses they were in line to receive had they stayed in their old job. The BOE said the measures would promote better conduct in financial institutions.
STOCKS
- Sports Direct International Plc posted the biggest gain the benchmark, up 3%, after RBC Capital Markets raised its rating on the retailer.
- Shares in Ladbrokes jumped 14.6% after it said it was in merger talks with Gala Coral.
- Johnson Matthey Plc rose 2.4% after Citigroup Inc. raised the stock to buy.
- Bunzl Plc lost 2.1%, the most since April, after saying slower growth in North America will weigh on growth in the first half.
- AT&T jumped 2.5% to its highest in almost 11 months after Barclays Plc upgraded the shares to overweight, and UBS AG raised to buy from neutral.
- Green Dot soared 41%, the most ever, after the issuer of reloadable prepaid debit cards reached a new five-year deal with Wal-Mart and authorizing a $150 million stock buyback. Shares had fallen 25% this year through Monday.
MARKET DATA
Words by Tom Williams. Tom has vast experience in trading the Forex markets and is a qualified financial advisor. With expertise in wealth management, retirement planning and inheritance tax planning, he regularly advises on how to maximise personal wealth.
To receive a complimentary guide covering Wealth Management, Retirement Planning or Inheritance Tax Planning contact Tom Williams on 0777 910 5434 or email [email protected].
Kind regards,
Associate Partner
St. James's Place Wealth Management
117 Piccadilly, Mayfair, London, W1J 7JU
T: 0207 399 6889
M: 0777 910 5434