Good morning! Here's what you need to know in markets on Monday.
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10 things you need to know in markets today
What you need to know on Monday morning.
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1. US president Donald Trump really wants to go to Prince Harry's wedding to actress Meghan Markle. So much so, he's apparently threatening to withhold a vital post-Brexit trade deal with the UK if he doesn't receive an invitation to the royal nuptials. That's according to Michael Wolff, author of the explosive new "Fire & Fury: Inside the White House" book, which digs into the Trump administration. Wolffmade the suggestion to the Mail on Sunday in an interviewsaying that Trump "doesn't like being snubbed and wants to be the centre of attention all the time."
3. Dogecoin, the alternative cryptocurrency inspired by a popular meme, has surged over the weekend and now has a market capitalization over $2 billion. It soared above the $1 billion milestone for the first time on Christmas Day and climbed over $2 billion on Sunday. As for its price, the coin was trading at $0.018 at the time of writing. That's up 800% from $0.002 a coin at the beginning of December.
4. U.S. oilfield service companies are gearing up for initial public offerings, according to regulatory filings and analysts, after several shelved equity sales last year during a weak period for oil prices. Oil is trading near its highest level since early 2015, fueling demand for service firms to bring new shale wells to production.
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5. Oil prices firmed on Monday on the back of a slight decline in the number of U.S. rigs drilling for new production, with crude holding just below near three-year highs reached last week.U.S. West Texas Intermediate (WTI) crude futures were at
6. Asian shares neared all-time peaks on Monday after Wall Street boasted its best start to a year in over a decade, with brisk economic growth and benign inflation proving a potent cocktail for risk appetite. MSCI's broadest index of Asia-Pacific shares outside Japan
7. German leaders have started talks with the aim of creating a grand coalition government.collapsed in November
9. 'Big Four' accountancy firm KPMG has quit its role as an advisor in the Grenfell Tower inquiry after criticisms over its appointment. Campaigners said KPMG had failed to disclose a conflict of interest and called for the firm's removal from the role. In a statement, KPMG
10. Sales at shoe shops Office and Offspring nearly doubled last year and profits quadrupled, new accounts show. Accounts filed with Companies House this week show that revenue at Truworth UK Holdco 1, which owns the Office and Offspring chains, jumped by 75% to £298.6 million in the year to July 2017. Profits surged from £5.3 million in 2016 to £20.3 million. The group paid £3 million in UK tax.
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