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 Sterling tumbled and the rest of Europe's share markets groaned on Thursday, after a long-awaited Brexit agreement was thrown into chaos as Britain's chief negotiator for the deal quit just 12 hours after it had been unveiled.
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European stocks opened higher on Thursday as investors digested latest news out of Brexit and keep an eye on U.S.-China trade talks.
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 Britain's FTSE 100 index is seen opening 28
points lower at 7,006 on Thursday, according to financial bookmakers, with FTSE
100 futures expected to be up 0.44 percent ahead of the cash market
open.
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European shares marched higher on
Thursday as oil prices stabilised and mining stocks rallied on
hopes that China and the United States may reach a rapprochement
to end their long-running trade spat, offsetting bad news in the
tech sector.
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* Oil nudges higher for second day after 12-day losing
streak
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Pound slips under $1.30 as UK Brexit moves toward parliament
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Asian stocks rose on Thursday, taking heart from a bounce in Chinese shares on news that China has delivered a written response to U.S. trade demands, while oil prices resumed their retreat on fears of oversupply.
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 AMS AG cut its forecast late Wednesday, adding to a number of Apple Inc. suppliers cutting outlooks because of lower-than-expected sales. AMS said it sees fourth-quarter revenue of $480 million to $520 million, down from its forecast of $570 million to $610 million made in late October, because of "recent demand changes from a major consumer customer." Analysts surveyed by FactSet had estimated revenue of $617.6 million. Over the week, suppliers Lumentum Holdings Inc. and Qorvo Inc. warned of lower-than-expected sales.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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CNBC
Jim Cramer's job is to keep in touch with what's hot and what's not on Wall Street and to help investors make sense of the stock market's swings. And recently, technology play Twilio has really impressed the CNBC host. "Some companies are so incredibly ...
What to do When You See a Bear: Cramer's 'Ma
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Warren Buffett's Berkshire Hathaway Inc. bought a new stake in JPMorgan Chase & Co. and increased its holding in Apple Inc. at the end of September, according to a 13F filings with the Securities and Exchange Commission released on Wednesday. Berkshire acquired 35.664 million shares of JPMorgan valued at about $4 billion as of Sept. 30, filings showed, and the firm boosted its stake in Apple, adding 522,902 shares, bringing the firm's total stake in the iPhone maker to $56.994 million, according to the filings. Apple's stock on Wednesday closed down 2.8% and is on the verge of a bear market, defined as a decline of at least 20% from a recent peak. Berkshire's purchase in JPMorgan comes as the banking sector has been on a downtrend despite the Federal Reserve's rate hikes, which hasn't benefited the group as much as bulls had anticipated. Shares of JPMorgan closed down 2.1% on Wednesday but shares are holding on to a sight gain of about 0.4% for the year, making JPMorgan among the better performers among its peers. Buffett's firm also increased its shares of Goldman Sachs Group Inc. , adding 5.1 million, bringing the total value of its stake to $4.1 billion. Concerns about Goldman's involvement in a Malaysian scandal has battered the investment bank's shares. Meanwhile, Berkshire reduced its position in embattled Wells Fargo Inc. , shrinking its position by 9.6 million shares, with the investment firm's position in Wells at $23.25 billion. In technology, Berkshire bought a new stake in Oracle Corp. , 41.4 million shares worth $2.1 billion as of the end of September. Large investors must disclose long stock positions held at the end of a quarter 45 days later in a 13F filing with the SEC. Berkshire Class A and B shares are up nearly 9% so far this year, compared with a 1.5% year-to-date gain for the Dow Jones Industrial Average and a 1.1% gain for the S&P 500 index thus far in 2018, according to FactSet data. The technology-laden Nasdaq Composite Inde
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* Pound, euro firm after PM May gains cabinet backing for
Brexit
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Press Herald
WASHINGTON — The Justice Department and the Securities and Exchange Commission have subpoenaed Snap, the company behind Snapchat, for information about its initial public offering, according to the company. Snap said it believes government ...
Snap Stock (SNAP) Slips on IPO Probe WednesdayInvestorplace.com
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Pound volatile as Brexit dominates; Italian bond yields rise again
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Asian stocks edged up on Thursday as a steep slide in crude oil prices which had chilled investor sentiment slowed, while the pound and euro were supported after British Prime Minister Theresa May gained cabinet support for a Brexit deal.
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Deputy National Security Adviser Mira Ricardel has been forced out of her job but not out of the Trump administration, a day after reports that first lady Melania Trump had urged her firing. "Mira Ricardel will continue to support the President as she departs the White House to transition to a new role within the Administration," White House press secretary Sarah Sanders said in a statement late Wednesday. "The President is grateful for Ms. Ricardel's continued service to the American people and her steadfast pursuit of his national security priorities." Her new position was not immediately known. In a statement Tuesday, the first lady's spokesperson, Stephanie Grisham, said of Ricardel: "It is the position of the Office of the First Lady that she no longer deserves the honor of serving in this White House."
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 Asian stock markets were mixed in early trading Thursday following overnight declines in U.S. stock prices and Treasury yields.
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Cisco Systems Inc. shares advanced in the extended session Wednesday after the networking giant's earnings topped Wall Street estimates, even as services revenue fell short of the consensus view for a third quarter in a row
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The Dow Jones Industrial Average on Wednesday finished solidly lower in a day of whipsawing action for all major indexes, buffeted by a decline in shares of financial firms, a tumble in Apple and developments tied to Britain's exit from the European Union. The Dow Jones Industrial Average closed down 205 points, or 0.8%, at 25,080, the S&P 500 index ended down 0.8% at 2,702, while the Nasdaq Composite Index closed off 0.9% at 7,136. Prime Minister Theresa May secured cabinet approval for her Brexit deal Wednesday evening, which has been a source of underlying concern for Wall Street because a disruptive exit from the EU could have negative implications for financial markets across the globe. May still has work to do to get her Brexit plan passed through Parliament. Meanwhile, a decline in shares of Apple Inc. also was in focus as the largest company by market value fell 2.8% and flirted with a descent into bear-market territory, defined as a drop of at least 20% from a recent peak. Earlier in the day, financial names dropped as Democrat Rep. Maxine Waters said she would fight back against any rollback in bank regulations. Her remarks come after the Democrats won control of the House in the midterm elections. A gauge of financial firms, the Financial Select Sector SPDR ETF, ended the session down 1.2%. Worries about trade tensions between China and the U.S. continue to run against that backdrop of concerns. In all, Wednesday's session was notable for its violent moves, with the Dow gaining as many as 214 points at the open and falling by as many as 350 points at the low. Meanwhile, crude-oil prices stabilized, halting a 12-session skid, with the downdraft in the commodity serving as a source of concern for market participants worried about signs of sluggish global growth.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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