London midday: Mining stocks drag markets lower on ECB loan disappointment
11th Dec 2014 12:06
UK stocks retreated into the red after a positive start on Thursday as renewed concerns about the health of the Eurozone pressured mining stocks lower. Markets had edged higher early on after finishing the previous session at a five-week low, but gains were quickly erased after it was revealed that
Read moreSector movers: Mining and oil stocks drop as ECB holds off on stimulus
4th Dec 2014 15:09
Cyclical sectors such as mining and oil were the worst performers of the day on Thursday as the wider stock market weakened in the absence of stimulus measures from the European Central Bank (ECB). The ECB held off from making a move at its meeting, saying instead that it would look at injecting sti
Read moreFTSE 100 movers: Mining and telecom stocks on the rise
26th Nov 2014 15:29
MIning stocks were leading the risers on the FTSE 100 on Wednesday, rebounding after recent declines. Antofagasta topped the list, rising 3.7%, with peers Anglo American, Fresnillo and Randgold also registering decent gains. BT Group was continuing to rise after saying that it was in talks with vari
Read moreLondon open: Oil and mining stocks limit gains on FTSE
25th Nov 2014 08:22
Falling oil and mining stocks and a poorly-received update from Kingfisher were limiting gains on the FTSE 100 on Tuesday morning, as investors awaited a wave of global economic data. London's benchmark index was trading just 0.1% higher at 6,737 within the opening hour. The Footsie had dropped 0.3
Read moreLondon close: Hopes of Chinese and European economic stimulus lift stocks
21st Nov 2014 16:17
A surprise cut in Chinese interest rates and hints about quantitative easing in Europe put London traders in a bullish mood on Friday. The People's Bank of China cheered markets by reducing its one-year benchmark lending rate by 40 basis points to 5.6% to lift an economy on course for its slowest an
Read moreSector movers: Mining stocks rally on Chinese stimulus, but defensives fall
21st Nov 2014 15:20
A surprise interest-rate cut in China saw equity markets surge on Friday with cyclical mining stocks benefiting and defensive stocks feeling the brunt from an increase in risk appetite. Cyclical sectors are those that are closely and positively correlated to economic activity and, in the case of the
Read moreFTSE 100 movers: Miners jump as China cuts interest rates, oil stocks rise
21st Nov 2014 15:03
Mining stocks were dominating the risers list on the FTSE 100 on Friday after China's central bank surprised with an interest-rate cut in an effort to boost growth, raising hopes that the top metals consumer will be able to avert a hard landing. Anglo American, Fresnillo, BHP Billiton, Rio Tinto, An
Read moreLondon midday: UK stocks surge on PBoC stimulus, ECB hopes
21st Nov 2014 12:00
UK stocks jumped on Friday as resources shares raced ahead after China's central bank surprised the market with its first interest-rate cut in two years in an effort to boost growth. After falling for the last two sessions, the FTSE 100 was up 0.8% at 6,733 by midday with the heavyweight mining and
Read moreLondon open: Manufacturing PMIs, FOMC minutes push UK stocks lower
20th Nov 2014 08:31
Weak economic data from China and the Eurozone and a hawkish set of Federal Reserve minutes pushed UK stock markets lower on Thursday morning. The FTSE 100 in London was trading down 0.3% at 6,675 in early deals. The preliminary HSBC purchasing managers' index (PMI) for Chinese manufacturing releas
Read moreLondon close: Markets gain as ECB money-printing talk cheers traders
17th Nov 2014 16:15
The London market moved higher on Monday as the prospect of a boost for the European economy helped make up for dismal economic news from Japan. The FTSE 100 Index gained 17.6 points to 6671.97 after European Central Bank president Mario Draghi hinted that quantitative easing could be on the cards t
Read moreLondon midday: UK stocks pull back from six-week high despite upbeat Eurozone data
14th Nov 2014 11:28
Mining and oil shares were leading the UK stock market lower on Friday as commodity prices weakened, with the FTSE 100 pulling back after hitting its highest level in a month and a half. Nevertheless, losses were only modest in London, with sentiment supported by some reassuring growth figures from
Read moreLondon open: Resource stocks drag FTSE lower, but Eurozone data impresses
14th Nov 2014 08:28
UK stocks pulled back from their highest levels in a month and a half on Friday, though the downside was being limited by some rare positive economic data from the Eurozone. Figures released on Friday morning showed that both Germany and France returned to growth in the third quarter, reassuring the
Read moreLondon midday: Vodafone leads UK markets higher, but resource stocks weigh
11th Nov 2014 11:34
Strong gains from Vodafone and a string of property companies pushed UK shares into positive territory on Tuesday, though weakness in the resource sectors was limiting upside as the stock market fluctuated at a six-week high. The FTSE 100 was up just 0.1% at 6,618 by midday, having pulled back sligh
Read moreLondon open: UK stocks at six-week high as Vodafone gains
11th Nov 2014 08:38
London's stock market was trading at levels not seen since late September on Tuesday as decent gains from Vodafone and a host of real-estate groups outweighed weakness in the mining sector. The FTSE 100 was 0.3% higher at 6,633 in early deals. Nevertheless, gains were only modest early on after the
Read moreLondon midday: Mining stocks push FTSE 100 to five-week high, Serco drops
10th Nov 2014 11:27
UK stocks started the new trading week on the front foot with mining shares resilient despite some mixed economic data from China overnight. However, Serco was the standout mover with the FTSE 250 outsourcing stock losing as much as a third of its value after a profit warning and proposed rights iss
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