London 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 midday: Miners drag markets lower after Chinese data
10th Jul 2013 11:33
The FTSE 100 had slipped into the red on Wednesday morning with markets turning cautious ahead of a statement from the Federal Reserve, hoping for indications of when the central bank will begin to taper stimulus. Disappointing trade figures from China were also weighing on sentiment today, pressur
Read moreBroker snap: Goldman cuts target prices across mining sector
10th Jul 2013 09:07
Goldman Sachs has singled out Vedanta Resources and First Quantum Minerals (FQM) as 'buys', but has retained its cautious stance on the mining sector as a whole, cutting its target prices for most stocks under its coverage. In spite a potential buying opportunity caused by the steep sell-off so far
Read moreWednesday broker round-up UPDATE
10th Jul 2013 08:59
Anglo American: Goldman Sachs reduces target price from 1400p to 1100p and retains a sell recommendation. Antofagasta: Goldman Sachs takes target price from 935p to 810p reiterating its neutral rating. Babcock: JP Morgan increases target price from 1230p to 1380p and retains an overweight rating.
Read moreLondon open: Stocks edge higher ahead of FOMC minutes
10th Jul 2013 08:20
The FTSE 100 opened higher on Wednesday morning, though gains were only slight as investors turned cautious ahead of a statement from the Federal Reserve, hoping for indications of when the central bank will begin to taper stimulus. Following the heavy sell-off in June, the strong rebound in market
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 moreSector movers: Miners boosted by metal prices, Alcoa results
9th Jul 2013 15:28
The mining sector as a whole was over three per cent higher on Tuesday as resource stocks tracked metal prices higher and reacted positively to a number of upbeat trading updates. Sentiment was also lifted today by aluminium producer Alcoa, which unofficially kicked off second-quarter earnings seas
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 moreShipping begins at Rio Tinto's Oyu Tolgoi mine in Mongolia
9th Jul 2013 07:51
Oyu Tolgoi, Rio Tinto's part-owned giant copper-gold mine in Mongolia, has started shipping copper concentrate to customers. "The shipping of concentrate is the culmination of a three-year, US$6.2bn project to build the first phase of one of the world's top five copper mines," the company said on T
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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