London open: Markets nervous ahead of US jobs data
5th Apr 2013 08:27
Markets declined on Friday morning, despite relative strength in the mining sector, as traders refrained from building positions ahead of the key risk event of the day - the US employment report. The market reaction to the non-farm payrolls figure will be interesting to see, given the somewhat disa
Read moreLondon close: 'Ill wind' blows in from across the Atlantic
3rd Apr 2013 17:04
Markets have ended firmly lower on the day, in reaction to mixed economic data out Stateside and despite strong economic data in China. As well, company-specific news weighed on index heavy-weights Vodafone and RBS. All of the above came on the back of a nervous atmosphere ahead of central bank
Read moreFTSE 100 movers: Vedanta rises on appeal decision
3rd Apr 2013 14:45
Vedanta made strong gains on Wednesday, as investors welcomed the decision by India to grant the company an appeal over the closure of its copper smelter in Tuticorin, Tamil Nadu. Wood Group was rising on reports it has been awarded a contract worth $1.6m from a Chinese petrochemical plant. The or
Read moreSector movers: Miners track metals lower as Credit Suisse cuts price forecasts
3rd Apr 2013 13:48
With the exception of Vedanta Resources, mining stocks were sold off across the board on Wednesday as metals prices came under pressure. Weak manufacturing data from the US, Europe and the UK this week sent both silver and copper prices to eight-month lows today. EVRAZ, ENRC, Fresnillo, Glencore
Read moreLondon midday: Stocks pull back ahead of rate decisions, US jobs report
3rd Apr 2013 11:49
Sharp falls in the mining sector and a number of heavyweight stocks going ex-dividend ensured that London markets were firmly in negative territory on Wednesday morning, with investors scaling back risk ahead of some key events later this week. "With three major central bank meetings taking place o
Read moreLondon open: Markets turn cautious ahead of risk events this week
3rd Apr 2013 08:41
Markets shrugged off some strong economic data from China on Wednesday morning to trade firmly in the red with traders nervous ahead of central bank meetings tomorrow and US employment data on Friday. "European markets opened cautiously today as investors opted to mirror the lack of enthusiasm show
Read moreLondon close: Stocks edge higher ahead of long Easter weekend
28th Mar 2013 16:43
Stocks finished moderately higher on Thursday, though gains were trimmed in afternoon trade as traders scaled back risk appetite ahead of a long four-day weekend for the Easter holidays. Meanwhile, continuing concerns over the Eurozone kept markets on their toes today, as political uncertainty in I
Read moreLondon midday: Stocks advance as Cyprus re-opens banks
28th Mar 2013 11:42
After a shaky start, the FTSE 100 was making decent gains by Thursday lunchtime ahead of a raft of economic data from the States later on, as sentiment was lifted by the reopening of banks in Cyprus. Nevertheless, gains are expected to moderate as traders refrain from building big positions ahead o
Read moreLondon close: Cypriot vote on deposit tax sinks stocks late on
19th Mar 2013 17:06
After a brief spell in positive territory at lunchtime, UK stocks sunk back into the red by the close of trade on Tuesday as leaders in Cyprus gathered to vote on the deposit tax, a controversial measure deemed necessary to save the country from default. Traders were also nervous ahead of tomorrow'
Read moreFTSE 100 movers: Miners continue to decline on Eurozone fears
19th Mar 2013 14:50
Mining stocks were dominating the fallers list today as risk appetite waned, with Evraz leading the way and Rio Tinto and BHP Billiton both hit by a downgrade by Goldman Sachs. Precious metals group Fresnillo dropped after Deutsche Bank cut its rating from 'hold' to 'sell', saying that the current
Read moreLondon midday: Miners fall as fears over Cyprus dent markets
19th Mar 2013 11:31
Heavy falls in the mining sector ensured that the resource-heavy FTSE 100 index was trading firmly in the red on Tuesday morning with sentiment still fragile in the aftermath of the bailout deal for Cyprus and the controversial idea to tax customer accounts. Market Analyst Craig Erlam from Alpari s
Read moreBroker tips: Fresnillo, RBS, Kazakhmys
19th Mar 2013 11:18
Deutsche Bank has cut its rating for precious metals giant Fresnillo from 'hold' to 'sell', saying that the current share price is pricing in a near-perfect delivery of their medium-term growth prospects and a recovery in metals prices. They said that the stock's premium against the sector could sh
Read moreBroker snap: Deutsche Bank downgrades Fresnillo to 'sell'
19th Mar 2013 09:26
Deutsche Bank has cut its rating for precious metals giant Fresnillo from 'hold' to 'sell', saying that the current share price is pricing in a near-perfect delivery. Full-year earnings for 2012 announced last week beat both the broker's and consensus forecasts slightly, while the dividend and cash
Read moreLondon open: Sentiment fragile in aftermath of Cypriot bailout
19th Mar 2013 08:28
Markets across Europe were mixed in early trading on Tuesday as traders continue to digest developments in Cyprus after the controversial proposal to tax depositors prompted fears of a bank run yesterday. Weighing on London's resource-heavy FTSE 100 this morning was Goldman Sachs' move to lower its
Read moreTuesday broker round-up UPDATE
19th Mar 2013 07:21
Admiral Group: Canaccord Genuity raises target price from 1050p to 1215p, but reiterates its sell recommendation. BAE Systems: Investec moves target price from 325p to 375p retaining a hold recommendation. Balfour Beatty: Numis lowers target price from 330p to 300p and downgrades to add. BHP Bill
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