Sector movers: Miners fall after Chinese inflation data
11th Jan 2013 15:41
Inflation data in China was providing a drag on the mining sector in London as higher-than-expected price rises in December sparked speculation about tighter monetary policy. Chinese consumer price inflation rose to 2.5% in December, from 2.0% the month before, as cold weather resulted in an increa
Read moreFTSE 100 movers: IAG performs strongly after upgrade
11th Jan 2013 14:31
British Airways and Iberia owner IAG was in demand throughout the day after UBS upgraded the stock from 'neutral' to 'buy', following its underperformance against other European airline shares under the broker's coverage. "We think that IAG could be the laggard most likely to outperform in 2013 sh
Read moreBroker snap: Hold fire on miners, RBC tells clients
11th Jan 2013 12:57
"Despite a strong start to the year, we would wait for lower entry levels to continue to build Mining positions," analysts at RBC were telling clients on Friday morning. A moderately improving economic outlook is estimated for 2013, but China industrial production leverage is not what it used to b
Read moreLondon midday: Stocks rise as Japan attempts to boost growth
11th Jan 2013 11:31
- Japan launches new stimulus package - Chinese inflation rises in December - UK production misses the mark in November Markets were making small gains on Friday morning as hopes for the Japanese economy offset concerns about price rises in China and a downbeat reading of UK production. News from
Read moreEuropean broker round-up
11th Jan 2013 07:50
Alstom: Citi upgrades to BUY from neutral and raises its price target to €38 from €30. ArcelorMittal: AlphaValue reiterates UNDERWEIGHT rating. BHP Billiton: Macquarie downgrades to NEUTRAL from overweight. Casino Guichard: Oddo downgrades to NEUTRAL from buy and lowers price target to €77 from €
Read moreWednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreFTSE 100 movers: BP is strongest riser after Transocean accepts fine
4th Jan 2013 15:08
BP, which rose early on following news the company which loaned it the Deepwater Horizon rig back in 2010 had agreed a 1.4bn dollar settlement for the part it played in the gulf of Mexico oil spill that followed the fatal explosion of the rig. Speaking of Transocean's settlement, BP said: 'In settli
Read moreFTSE 100 movers: Miners lead the way higher
2nd Jan 2013 15:12
With investors feeling like taking a few more risks following the events in the US, miners were taking up nine of the top 10 spots on FTSE 100. Burberry was also making decent gains, which may be linked to comments by the luxury retailer's Chief Executive, Angela Ahrendts, who said the company is
Read moreLondon midday: Markets welcome fiscal cliff deal with two per cent surge
2nd Jan 2013 11:40
- US leaders pass budget deal to avert fiscal cliff - Mining and banking stocks celebrate with decent performance - UK manufacturing ends 2012 on a high Mining stocks were registering impressive gains on Wednesday in the aftermath of the US fiscal cliff agreement, which could have plunged the world
Read moreLondon open: Fiscal cliff deal ignites risk appetite
2nd Jan 2013 08:21
The FTSE 100 surged on Wednesday morning as investors celebrated the news that the fiscal cliff deal Stateside, with mining and banking stocks benefitting from the increase in risk appetite. "It may have come at the last minute, but US lawmakers finally managed to find some common ground by voting
Read moreLondon close: Footsie ends 2012 on a dull note, fiscal-cliff weighs
31st Dec 2012 12:50
After a slight rebound late morning, the Footsie dropped to near its intraday low by the close of trade in a shortened trading session as US budget uncertainty dented risk appetite. Markets across Europe finished with mild losses today as they closed early for New Year's Eve. Fiscal cliff concern
Read moreLondon midday: Risk appetite scaled back ahead of fiscal cliff deadline
31st Dec 2012 11:19
UK stocks were trading firmly in the red by Monday lunchtime with less than 24 hours to go before the US fiscal cliff deadline, when 600bn dollars in automatic spending cuts and tax increases come into effect. Markets were even shrugging off some upbeat economic data from Asian powerhouse China ove
Read moreLondon open: Stocks open strongly on fiscal cliff hopes
28th Dec 2012 08:33
The FTSE 100 opened firmly in positive territory on Friday morning ahead of critical talks between US leaders this weekend. Stocks tracked Asian markets higher overnight with Japan's Nikkei finishing its final session of 2012 up around 0.7% (Japanese markets are closed on Monday). This means that t
Read moreLondon close: FTSE 100 finishes strongly on 'fiscal cliff' optimism
18th Dec 2012 16:55
- US budget negotiations lift hopes - G4S up on renewed confidence - FTSE 250 at all-time high UK markets finished with strong gains on Tuesday afternoon as 'fiscal cliff' hopes spurred investors' appetites for riskier assets, such as mining stocks. The second-tier FTSE 250 index was trading at a
Read moreFTSE 100 movers: Rio and Vedanta track Chinese demand higher
18th Dec 2012 16:08
Miners such as Rio Tinto and Vedanta were strong performers throughout most of the day. Most market commentary attributed the gains to the generally risk-on atmosphere in markets. As well, many pointed to the fact that at their annual central economic work conference - last weekend - Chinese officia
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