According to Oxford Economics, Washington's 25% tariffs on $50bn-worth of Chinese goods and an identical response from Beijing will only lower the two countries' rate of growth by between one and two tenths of a percentage point in 2018 and 2019.
(WebFG News) - London's FTSE 250 was up 0.4% to 20,293.10 in afternoon trade on Monday as geopolitical tensions eased, with Capita the standout gainer.
(WebFG News) - Experian: Deutsche Bank upgrades to buy with a target price of 1,750p.
Sabre Insurance Group plc: Numis downgrades to add with a target price of 330.
Ferrexpo declared a higher special dividend than most investors may have expected, as a 7% fall in pellet production was offset by higher iron ore prices and expectations for premium pellet prices in 2018.
Credit Suisse boosted its target price for shares of iron ore miner Ferrexpo by well over a third on the back of the recovery in prices seen over the past year and after the pellet premium surprised to the upside.
Ferrexpo reported higher production of iron ore pellets in the fourth quarter, though the Ukraine-based company's output for 2017 was down on the previous year due to earlier maintenance of its pelletiser machine.
Ferrexpo announced a special dividend of 3.3 US cents per share on Thursday, following the payment of an interim dividend for the first six months of 2017 of 3.3 US cents per share on 8 September.
Ferrexpo has signed a new secured three year revolving credit facility of $195m that will be used for general corporate purposes.
BT Group: Citigroup downgrades to Neutral with a target price of 310p.
Barratt Developments: Credit Suisse upgrades to Outperform with a target price of 702p.
Ferrexpo reported a drop in pellet production for the third quarter on Thursday due to its ongoing pellet line maintenance programme.
London's FTSE 250 index was in the red on Tuesday afternoon, led by an assortment of fallers from different sectors.
AA: Credit Suisse downgrades to Underperform with a target price of 175p.
HSBC downgraded Ferrexpo to 'hold' from 'buy' and trimmed the price target to 225p from 230p, saying the stock is now fully valued.
Ferrexpo saw its revenue rise 29% to $591m in its first half, it said on Thursday, while its C1 cash cost was 23.7% ahead at $31.70 per tonne.
Ferrexpo, the iron ore producer, announced a dip in first-half pellet production from the previous year.
Analysts at HSBC initiated coverage of Ferrexpo with a recommendation to 'buy' and a 210.0p target price.
Oil field service names were at the front of gains on Wednesday following supportive comments from management at Hunting and on the back of the latest monthly report out of OPEC.
Ferrexpo reported a decline in iron ore pellet production during the first quarter of 2017 as a result of scheduled pellet line maintenance in the first two months of the year.