London close: Miners lead FTSE 100 higher after Bernanke comments
11th Jul 2013 16:46
Dovish comments from Federal Reserve Chairman Ben Bernanke sparked a sharp fall in the dollar and a strong rise in commodity prices on Thursday, sending mining equities soaring in London. The FTSE 100 finished the session up 38 points (+0.6%) at 6,543, a level not seen since June 4th, with resource
Read moreSector movers: Miners track metals higher after Bernanke comments
11th Jul 2013 15:49
Rising commodity prices lifted equities in the mining sectors on Thursday with gold stocks among the best performers as the price of the precious metal jumped the most in a year on the back of comments from Federal Reserve Chairman Ben Bernanke. Bernanke said last night that the US economy needs "h
Read moreFTSE 100 movers: Mining companies top the leaderboard
11th Jul 2013 13:06
Mining companies rallied on Thursday as the prices of metals advanced. Gold rose 2.78% to $1,282.10 per ounce while silver jumped 3.47% to $19.83 per ounce and copper climbed 3.09% to $318.65 per pound. Fresnillo, a silver and gold mining company, was the top riser on the FTSE 100 followed by Ved
Read moreLondon midday: Bernanke comments drive gains on FTSE 100
11th Jul 2013 11:35
A strong performance in the mining sector ensured that the FTSE 100 was trading firmly in positive territory on Thursday after dovish comments from Federal Reserve Chairman Ben Bernanke sparked gains in commodity prices. "After June's sell-off in risk assets was attributed to seemingly hawkish comm
Read moreLondon open: FTSE 100 up one per cent, miners surge after Bernanke comments
11th Jul 2013 08:36
Dovish comments from Federal Reserve Chairman Ben Bernanke prompted some strong gains on the FTSE 100 on Thursday morning, as mining stocks tracked metals prices higher on the back of a weaker US dollar. "Bernanke and his colleagues are trying to reassure the market by communicating that even once
Read moreLondon close: Stocks pare losses ahead of FOMC minutes
10th Jul 2013 16:56
Nervousness ahead of a Federal Reserve statement and disappointing trade figures from China weighed on markets on Wednesday, though a late rally on the FTSE 100 ensured that losses were only minor by the close. The FTSE 100 finished the session at 6,505, down just eight points (-0.12%) on the day a
Read moreFTSE 100 movers: Burberry jumps after 'standout' first quarter
10th Jul 2013 14:27
Luxury fashion brand Burberry saw its share price jump on Wednesday after saying that it was pleased with its first-quarter retail performance as underlying revenues rose 18 per cent. Chief Executive Angela Ahrendts said that spring/summer 2013 was a 'standout' season. Petrofac was in demand after
Read moreLondon close: Stocks rise as investors shrug off IMF growth downgrade
9th Jul 2013 16:41
The FTSE 100 put in a decent performance on Tuesday, jumping around one per cent as investors shrugged off gloomy comments from the International Monetary Fund (IMF) and instead focused on progress in Greece and a strong start to US corporate earnings season. London's benchmark index finished the d
Read moreFTSE 100 movers: Fresnillo, RBS, Anglo American
9th Jul 2013 13:07
Precious metals group Fresnillo rose to lead mining companies higher on Tuesday as commodities advanced. Prices of metals including gold, silver and platinum climbed on the COMEX. Royal Bank of Scotland's shares jumped after the government ruled out a broad investigation into whether the lender sh
Read moreLondon midday: Banks, miners lead markets higher
9th Jul 2013 11:30
Improved appetite for risk helped equities in the banking and mining sectors on Tuesday morning, pushing the FTSE 100 to levels not seen in over a month. London's benchmark index was trading at around 6,500 this morning, a mark not reached since the start of June when markets were beginning to pric
Read moreLondon open: Miners give markets a boost
9th Jul 2013 08:29
Strong gains from mining and banking stocks ensured a strong open for the FTSE 100 on Tuesday morning as sentiment was lifted by improving hopes for the US economy and a bailout deal in Greece. London's benchmark index opened over one per cent higher early on advancing past 6,500, a level not seen
Read moreLondon close: Stocks swing into the red as US data smashes forecasts
5th Jul 2013 16:45
The eagerly anticipated US jobs report didn't fail to disappoint on Friday, smashing consensus forecasts and sparking a surge in the dollar; but equity markets in the UK quickly dropped into the red with mining stocks providing a drag as metals prices fell. With an impressive 195,000 non-farm payro
Read moreSector movers: Miners hammered as stronger dollar hits metals prices
5th Jul 2013 15:10
Mining and metals stocks were under heavy selling pressure on Friday afternoon following a much better-than-expected US jobs report, as a stronger dollar dampened the price of metals across the board. Gold futures for August delivery on Comex were down 3.32% at a one-week low of $1,210.30 an ounce,
Read moreFTSE 100 movers: Miners drop as metals prices drop after US jobs beat
5th Jul 2013 14:38
Mining stocks were the worst performers of the day on Friday, tracking metals prices lower as the dollar the strengthened on the back of US labour-market data which smashed expectations. With an impressive 195,000 non-farm payrolls added in June - well ahead of the 165,000 forecast - and previous mo
Read moreLondon midday: Stocks hold on to gains before US jobs report
5th Jul 2013 12:00
The FTSE 100 was holding at a one-month high on Friday morning as investors awaited the US jobs report this afternoon which could spark a volatile reaction on stock markets worldwide. US futures were pointing to a strong start on Wall Street today, though volumes were on the light side as traders r
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