This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
The debt-ceiling deadline is on Thursday and it is finally looking more likely that a deal will be reached, meaning traders are less worried about the possibility of the US defaulting on its debts. The current proposition being discussed between the Democrats and Republicans would bring an end to the partial shutdown and satisfy the country’s borrowing needs until the new year.
In London, Burberry's revenue from stores opened at least a year has increased by 13%. However it is not all positive news for the fashion house, as CEO Angela Ahrendts is set to leave next year to join Apple, and the stock is down 5.4% as a result.
Bellway has revealed a 10% rise in annual revenue. The homebuilder announced a 50% increase in dividend, and the stock is trading up 3.9% on the day.