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Feb 8, 2013

China data fuels cyclical rebound on FTSE

LONDON (Reuters) – The FTSE 100 rebounded on Friday, led up by banks and miners after forecast-beating Chinese trade data reinforced hopes the global economy is growing.

The blue-chip index remained on course for its first weekly loss this year, however, after closing just off a 4 1/2-year peak last Friday.

Feb 8, 2013

China data fuels cyclical rebound on Britain’s FTSE

LONDON, Feb 8 (Reuters) – Britain’s FTSE 100 rebounded on
Friday, led up by banks and miners after forecast-beating
Chinese trade data reinforced hopes the global economy is
growing.

The blue-chip index remained on course for its first weekly
loss this year, however, after closing just off a 4 1/2-year
peak last Friday.

Feb 7, 2013

UK shares tumble as profit taking dents FTSE’s strong start to the year

LONDON, Feb 7 (Reuters) – Britain’s blue chip shares fell
sharply on Thursday as traders took profits on an index that has
outperformed Europe this year, with banks leading losses after
comments by key policymakers.

The FTSE 100 closed down 66.92 points, or 1.1
percent, at 6,228.42, lagging major European peers.

Feb 7, 2013

Shares fall after Carney steers clear of loser policy bias

LONDON (Reuters) – The FTSE 100 fell on Thursday after the incoming Bank of England governor dashed hopes for an immediate easing of monetary policy when he takes charge, and corporate news hit banks.

Central bank governor-designate Mark Carney reaffirmed his faith in flexible inflation rate targeting, pouring cold water on nominal GDP targeting which he had previously floated as an alternative.

Feb 6, 2013

European shares to ride out choppy earnings

LONDON, Feb 6 (Reuters) – European company earnings will lag
consensus forecasts in the results season now under way but that
should not put too big a dent in equity market performance, top
analysts say.

While slow growth may hurt many firms’ bottom line, strong
demand for shares from investors, whose confidence has been
lifted by easy monetary policy and reduced political risk in
Europe, should limit the toll on share prices.

Feb 6, 2013

Financials and materials give FTSE a boost

LONDON (Reuters) – The FTSE 100 gained in morning trade, with financials and basic materials stocks benefiting from positive company reports, raising hopes that economic activity may be rebounding.

By 0920, the FTSE 100 index was up 31.68 points, or 0.5 percent, at 6,314.44, adding to gains made yesterday on the back of good results and an improving economic outlook in Europe.

Feb 6, 2013

Financials and materials give Britain’s FTSE a boost

LONDON, Feb 6 (Reuters) – British blue chips gained in
morning trade, with financials and basic materials stocks
benefiting from positive company reports, raising hopes that
economic activity may be rebounding.

By 0920, the FTSE 100 index was up 31.68 points, or
0.5 percent, at 6,314.44, adding to gains made yesterday on the
back of good results and an improving economic outlook in
Europe.

Feb 5, 2013

FTSE rebounds, fuelled by upbeat earnings

LONDON (Reuters) – The FTSE 100 rebounded on Tuesday from a steep fall in the previous session, as investors switched their focus from euro zone worries to a generally solid set of company updates.

At 11.37 a.m. British Time, the FTSE 100 was up 0.7 percent at 6,287.69, a day after suffering its biggest one-day fall in three months as political uncertainties in Europe and a string of analyst downgrades sparked profit taking from 4-1/2-year highs.

Feb 5, 2013

Britain’s FTSE rebounds, fuelled by upbeat earnings

LONDON, Feb 5 (Reuters) – Britain’s top share index
rebounded on Tuesday from a steep fall in the previous session,
as investors switched their focus from euro zone worries to a
generally solid set of company updates.

At 1137 GMT, the FTSE 100 was up 0.7 percent at 6,287.69, a
day after suffering its biggest one-day fall in three months as
political uncertainties in Europe and a string of analyst
downgrades sparked profit taking from 4-1/2-year highs.

Feb 1, 2013

Britain’s FTSE starts Feb with biggest daily gain in a month

LONDON (Reuters) – Britain’s blue-chip index rebounded on Friday from sharp falls in the previous session, with good earnings and an optimistic global economic outlook pushing the market back towards four-and-a-half year highs.

The FTSE 100 .FTSE rebounded after two days of falls which nevertheless failed to significantly dent the index’s best January since the 1980s.

    • About Alistair

      "Alistair Smout is working on the Investment and Emerging Markets for Reuters Europe over the summer. He specialises in Africa and Europe."
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