29 January – 02 February

29 January

Emerging markets are loading up on public debt that could mean headwinds for investors, analysts at Citi warn.

France’s Sanofi will pay €3.9bn to acquire Belgian biotech group Ablynx in a second blockbuster deal in a week that underscores the pressure on pharma groups to replenish their drug pipelines.

Utilitywise, an independent energy consultancy, suspended its shares on Monday after delaying the publication of its accounts for the second time amid an ongoing review of its contracts.

US stock futures were trending lower on Monday as investors pause for breath after powering Wall Street to another round of record highs on Friday.

30 January

German inflation is not running away as some had predicted, with the annual rate at 1.4 per cent in January, the stats office said on Tuesday, shy of Reuters estimates for a 1.6 per cent pace of price gains in line with the previous month.

The main subsidiary of Dalian Wanda, China’s largest commercial property group, has said it plans to pivot away from its core property development activities, as part of a $5.4bn deal with some of the country’s biggest tech firms designed to ease pressure on its cash flow.

Shares in US chipmaker Maxim Integrated jumped to their highest level in more than 17 years following a media report the company was in talks to be acquired by Japanese rival Renesas Electronics in a deal that could be worth close to $20bn.

One of Britain’s largest charities, the Wellcome Trust, is seeking to raise debt it will repay in a century’s time, in the latest evidence of hot demand by investors and issuers for ultra-long dated bonds.

31 January

The eurozone’s inflation rate cooled further at the start of this year, according to data released on Wednesday that may provide the European Central Bank more breathing room in timing the tightening of monetary policy.

Samsung Electronics announced a stock split aimed at enhancing shareholder value, as the South Korean company reported another quarter of record earnings and projected an upbeat outlook for this year due to strong memory chip demand.

Xerox has agreed a deal that will see Japan’s Fujifilm Holdings take control of its printer and photocopier business as the ailing US group seeks to fend off an activist shareholder revolt.

The Australian dollar dipped on Wednesday after the pace of consumer inflation in the fourth quarter came in just below expectations.

01 February

Russia’s economy grew 1.5 per cent in 2017, according to data from the country’s Federal Statistics Service released on Thursday, pointing to the first annual rise for three years.

Accelerating growth from Microsoft’s Azure cloud platform helped to push revenues and earnings comfortably ahead of forecasts in the fourth quarter of last year, according to figures released late on Wednesday.

Spanish bank BBVA’s dash to get customers to buy products digitally rather than in branches helped it report a 20 per cent rise in underlying full-year profits, with results boosted by lower costs as well as higher revenues.

US stocks were roughly steady as investors digested the Federal Reserve’s latest policy decision today where it kept interest rates unchanged.

02 February

UK construction activity stagnated during January, according to a survey of purchasing managers in the industry.

Inspectors from Japan’s Financial Services Agency have entered the offices of Coincheck in their first ever raid on a cryptocurrency exchange.

Google parent Alphabet confounded Wall Street with news of a big jump in costs in the final quarter of last year, along with fresh evidence of increasing pressure on profit margins as it becomes more dependent on mobile advertising.

Asia Pacific equities were broadly lower on Friday with technology stocks taking a dip following on from a choppy day on Wall Street.