China’s reported ban on the net sales of equities during market opens and closes theoretically makes it easier to prop up reeling stocks, in part by hamstringing quantitative traders at critical parts of the trading day.

WPP’s full-year core profit slightly missed expectations and the advertising group guided for like-for-like revenue growth in 2024 of 0% to 1%, adding that it was confident of delivering accelerated and increasingly profitable growth over the medium term.

Quarterly sales tripled from a year ago, surpassing Wall Street’s heightened expectations, and Nvidia indicated momentum from the artificial-intelligence boom remains strong.  

The iron-ore producer said its average price for iron ore was roughly US$108 a metric ton versus about US$87 a ton a year earlier.

Chord shareholders would control about two-thirds of the combined company, while Enerplus holders would control the remainder.

Glencore’s full-year adjusted earnings came in at $17.1 billion after coal prices retreated from the record highs that followed Russia’s invasion of Ukraine.