London close: Bernanke comments send stocks lower
31st Aug 2012 16:33
- Footsie swings into negative territory after Bernanke speech - ECB to be given power to grant banking licences - Miners lead risers by the close Ben Bernanke's keenly watched speech at Jackson Hole sparked some volatility on equity markets in late afternoon trade, sending London's blue-chip index
Read moreBroker snap: BHP to outperform iron ore peers, says Nomura
31st Aug 2012 10:51
Nomura reduced its target prices for a group of iron ore producing stocks on Friday on the back of falling prices but has highlighted BHP Billiton as its sector preference. "In response to falling Chinese steel prices as a result of oversupply concerns and associated aggressive raw material destock
Read moreFriday broker round-up
31st Aug 2012 09:21
Admiral: Nomura raises target from 1,300p to 1,350p, buy rating kept. Anglo American: Nomura cuts target from 2,200p to 2,100p, neutral rating kept. BHP Billiton: Nomura cuts target from 2,100p to 2,000p, buy rating kept. Catlin: Morgan Stanley downgrades to equal weight, target cut from 495p to
Read moreLondon open: Tentative start ahead of Bernanke speech
31st Aug 2012 08:32
- All eyes turn to Bernanke - Mining stocks wanted early on after recent losses - Redrow Chairman makes takeover approach Stock markets across Europe have been rather subdued over the past few days and the opening hour of Friday's session was no different as investors continued to show caution ahea
Read moreLondon close: Stocks slip as stimulus hopes fade
30th Aug 2012 16:50
- Speculation ramps up ahead of Jackson Hole meeting - Decent US data dampens hopes for extra stimulus - Volatility could increase in coming weeks, says UniCredit The FTSE 100 index experienced its third consecutive day in the red on Thursday as economic stimulus-related optimism began to fade ahea
Read moreLondon close: Markets nervous ahead of Jackson Hole
29th Aug 2012 16:39
- Stocks look to Jackson Hole summit for a boost - Draghi hints at action ahead of ECB meeting - Glencore leads fallers on growing opposition to merger Global stock markets were mostly trading in the red on Wednesday afternoon in spite an upwards revision to US economic growth as investors showed c
Read moreLondon close: Stocks erase losses on ECB, Fed speculation
24th Aug 2012 16:43
- ECB considering target bands for yields - Merkel wants Greece to stay in Eurozone - UK Q2 GDP revised up. The Footsie rallied in late trading to finish flat on Friday after rumours of a European plan for bonds yields. According to Reuters, the European Central Bank (ECB) is looking at setting yi
Read moreFTSE 100 Movers: Miners drag footsie lower
24th Aug 2012 15:38
Mining stocks were heavy fallers with Kazakhmys, Rio Tinto, ENRC, Antofagasta, Anglo American, Vedanta, BHP Billiton and Randgold falling sharply, tracking various metal prices lower. ??Anglo American dropped after Jefferies downgraded the stock this morning from 'buy' to 'hold' despite yesterday'
Read moreBroker tips: HSBC, Anglo American, National Grid
24th Aug 2012 14:41
Investec has retained it 'hold' recommendation and 590p target price for global banking giant HSBC, highlighting the recent rating outlook downgrade by Standard and Poor's and settlement rumours in the US. "Whereas we acknowledge that neither of these developments are helpful, there really are much
Read moreLondon midday: Stocks down despite revision to UK GDP
24th Aug 2012 11:46
- UK Q2 GDP revised upwards - Greece in focus as Samaras meets Merkel - US QE hopes fading fast UK stocks were volatile in morning trade on Friday but remained firmly in negative territory in spite of some upwards revision to second-quarter gross domestic product (GDP) data in the UK. The state of
Read moreBroker snap: Jefferies downgrades Anglo American to 'hold'
24th Aug 2012 09:54
Jefferies has downgraded its rating for mining giant Anglo American from 'buy' to 'hold' in spite of yesterday's announcement that it had resolved the 10-month dispute with Codelco over assets in Chile. As part of the agreement with Codelco, Anglo will lower its stake the Anglo Sur (AAS) copper ass
Read moreFriday broker round-up
24th Aug 2012 09:34
African Minerals: Jefferies cuts target from 800p to 550p, buy rating kept. Anglo American: Jefferies downgrades from buy to hold, 2,200p target kept. Ashmore: Citigroup downgrades to sell, target cut from 305p to 300p. Berendsen: Investec maintains buy rating and 570p target; Seymour Pierce down
Read moreLondon open: Footsie falls before GDP data
24th Aug 2012 08:27
- Leader to discuss Greek extension - Markets nervous ahead of UK GDP - Anglo American leads miners lower London's benchmark index slumped in early trading on Friday with mining stocks once again dominating the downward trend ahead of meetings of Eurozone leaders and the release of economic growth
Read moreLondon close: Gains erased as poor data dents stocks
23rd Aug 2012 16:55
- FOMC minutes drive optimism for stimulus - Spain in bailout talks - PMIs disappoint in Eurozone and China Stimulus hopes for the US pushed the Footsie higher early on, but disappointing economic data across the globe meant that the bullish mood was short-lived, with gains erased by the close. M
Read moreSector movers: Randgold and Anglo lead miners higher after Fed minutes
23rd Aug 2012 16:30
Last night's release of the minutes of the latest policy-setting meeting in the US drove stocks higher today, with mining stocks gaining on hopes that the Federal Reserve will inject more stimulus to give the world's largest economy a kick start, lifting the outlook for demand. Randgold was a high
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