The pound also dipped against the euro, and for a short while, the dollar.Thanks for joining us. That’s all we have for today.Lloyd Harris at Premier Miton, which has just less than £10bn of assets under management, said a Rayner-led government posed a “threat to the gilt market”. Mr Harris warned of a more extreme reaction to Ms Rayner given “her championing of workers’ rights, increased public‑service investment, and expanded welfare support”. He said: “The implication is that she would appoint a Chancell ...

Core Viewpoint - NatWest is acquiring wealth manager Evelyn Partners for 2.7 billion pounds (approximately $3.6 billion) to enhance its savings and investment business [1][2]. Group 1: Acquisition Details - The acquisition of Evelyn Partners from private equity firms Permira and Warburg Pincus is aimed at strengthening NatWest's position in the wealth management sector [2]. - This deal is seen as a transformational move for NatWest, filling a gap in its affluent wealth offering, according to RBC Capital Markets analyst Benjamin Toms [4]. Group 2: Strategic Context - The acquisition aligns with a broader trend among European banks to diversify revenue sources and reduce reliance on lending income as central banks lower interest rates [4]. - NatWest's focus has traditionally been on high net-worth customers through its private bank Coutts, which has a long-standing reputation [5]. Group 3: Market Implications - CEO Paul Thwaite emphasized that the deal will help customers maximize their financial potential through a wider range of services, contributing to economic growth [3].

Market Overview - Major U.S. index futures indicate a flat open on Monday, with stocks lacking direction after a significant advance on Friday [1] - Traders are assessing recent volatility, particularly a tech-led decline followed by a rebound [1] - A lack of major U.S. economic data may keep traders cautious ahead of key reports [1] Employment and Economic Data - The Labor Department's monthly jobs report is expected to show an increase of 70,000 jobs in January, up from 50,000 in December, with the unemployment rate holding at 4.4% [2] - Reports on retail sales and consumer price inflation are anticipated to influence interest rate outlooks [2] Stock Market Performance - Stocks rebounded significantly on Friday, with the Dow closing above 50,000 for the first time, gaining 1,206.95 points (2.5%) to 50,115.67 [3][4] - The Nasdaq surged 490.63 points (2.2%) to 23,031.21, and the S&P 500 jumped 133.90 points (2.0%) to 6,932.30 [4] - For the week, the Dow rose by 2.5%, while the S&P 500 edged down by 0.1% and the Nasdaq fell by 1.8% [4] Sector Performance - Bargain hunting contributed to the rally, particularly in tech stocks, which had previously dragged the Nasdaq down [5] - Airline stocks saw a significant increase, with the NYSE Arca Airline Index rising by 7.1% [8] - Computer hardware and semiconductor stocks rebounded sharply, with the NYSE Arca Computer Hardware Index up by 6.8% and the Philadelphia Semiconductor Index up by 5.7% [9] - Gold stocks also strengthened, reflected by a 5.5% increase in the NYSE Arca Gold Bugs Index due to rising gold prices [9] Consumer Sentiment - The University of Michigan reported an unexpected rise in consumer sentiment, with the index increasing to 57.3 in February from 56.4 in January, surpassing expectations [6][7] - The increase in sentiment was particularly notable among consumers with larger stock portfolios [7] International Markets - Asian stocks surged, recovering from previous declines, with Japan's Nikkei 225 Index closing up 3.9% [12][14] - Seoul stocks rose significantly, driven by confidence in the AI industry, with Samsung Electronics gaining 4.9% [15] - European stocks are broadly higher, with notable gains in the tech sector and merger activity [18][19]

Good morning. It is Monday, the ninth. On today's agenda is historic triumph.China warns on treasurys and Starmer on the brink. Tom there's some really interesting moves developing in the bull market right now. Let's talk about what is happening.As you say, tucker ichi wins big. The japanese ten year goes higher, 30 year goes higher. Is that the repatriation trade beginning.Does it give legs to the repatriation trade back into Japan out of treasuries. The event, as you say, got the Chinese talking to privat ...

Core Viewpoint - NatWest's share price has experienced a significant decline, dropping from a peak of 704p on February 4 to the current level of 633p following the announcement of its acquisition of Evelyn Partners ahead of its upcoming earnings report [1] Company Summary - The share price of NatWest fell sharply, indicating a negative market reaction to the acquisition news [1] - The buyout of Evelyn Partners is a strategic move by NatWest, potentially aimed at enhancing its service offerings or market position [1]

NatWest buys UK wealth manager Evelyn and hedge funds bet on more pound weakness after McSweeney’s exit-- get briefed ahead of your morning calls with The London Rush https://t.co/MNaxhY3qhq ...

Group 1 - The acquisition significantly increases NatWest's assets under management and administration to £127 billion, more than doubling its previous total [1]

NatWest agrees to buy wealth management group Evelyn Partners in a £2.7 billion deal https://t.co/MREp9ZbfTe ...

NatWest is closing in on a takeover of wealth management group Evelyn Partners after beating out Barclays in a hotly contested auction https://t.co/UCt1rkPq0R ...

Core Viewpoint - NatWest announced a commitment to provide a £10 billion ($13.72 billion) package to the UK social housing sector by 2028, aimed at supporting the delivery of affordable housing across the country [1] Group 1 - The funding is specifically targeted at enhancing the availability of affordable housing in the UK [1] - The initiative reflects NatWest's strategy to contribute to social and economic development through investment in housing [1]