MARKETS

Market roundup: HSBC fails to impress with job cuts while Royal Mail delivers on news of full privatization

Trainmaker CRRC now has a market value of $116bn, after soaring as high as $130bn on 8 June.

HSBC is cutting thousands of jobs in the UK and is mulling a possible relocation of its headquarters.

Chancellor George Osborne doesn't want to hold on to Lloyds, RBS and Royal Mail

Raid on DB offices may be related to German private bank Sal Oppenheim, which Deutsche acquired in 2010.

Swiss franc has moved off a three-week high versus dollar too.

Shale oil boom in US is expected to come to halt amid oil price cartel Opec's unchanged production target.

China's consumer inflation eased in May while producer prices stayed in deflation.

Pound under pressure from EU referendum debate and inflation hearings.

Factors such as globalisation are affecting the global economic landscape.

Market is keen to see if the CBR will add to the sharp April cut on 15 June.

With the threat of constitutional reform removed, the country can begin to focus on growth.

WTI crude fell 0.83% to $58.64 per barrel, while Brent crude for July fell 0.68% to $62.88 as at 1.10am ET.

Japan's Q1-2015 growth performance is now the best in two years.

All central banks are on dovish track but RBNZ and BoK will be mostly watched.

Capital Economics believes that Brent is "now back within a whisker" of its end-2015 forecast of $60 per barrel.

US Federal Reserve expected to hike interest rates this September, a negative for bullion prices.

The news boosts the US-listed shares of Diageo, which finished 8.04% higher in heavy trading on 5 June.

Oil hit its lowest price in six years in January, $45 a barrel, but has since climbed up to trading near $62.

Canadian jobs data too came stronger than expected.

Goldman Sachs, Morgan Stanley, BofA, Barclays, UBS and Credit Suisse could manage the planned share sale with Lazard.

The Shanghai Composite settles above 5,000 points for the first time in seven years, after volatile intra-day trading.

Both the metals are not far away from falling to fresh yearly lows.

With its ever-increasing oil demand, India is expected to become prime customer for Opec members.

Minister's warning that ringgit could fall to 4/$ also weighs down the currency.

The market in collectibles is growing rapidly.

Tesco's South Korean unit could attract bids from buyout firms KKR, Carlyle, CVC Partners, TPG Capital and MBK Partners.

BoE is unlikely to alter policy rates or asset purchase target as of now.

The Korean economy expanded 2.5% year-on-year in the first-quarter, beating the central bank's forecast for a 2.4% rise.