Miner rally stalls after FTSE 100 hit 6-month high
LONDON (Reuters) – The FTSE 100 retreated from six month highs on Monday, with miners leading the early fallers as some sectors’ valuations prompted investors to bank recent gains.
By 0736 GMT the FTSE 100 was down 10.83 points, or 0.2 percent at 5,904.72, having closed up 1.6 percent on Friday thanks to fresh economic stimulus from the U.S. Federal Reserve. The move has driven implied volatility on the index, seen as a crude barometer of investor caution, to one-month lows.
FTSE rallies on Fed action
LONDON (Reuters) – Commodity stocks and banking shares led the FTSE 100 higher on Friday, after the U.S. Federal Reserve announced it would pump $40 billion a month extra into the world’s biggest economy to help boost flagging growth.
By 0725 GMT, the FTSE 100 was up 70.55 points, or 1.2 percent, at 5,890.47, extending a three-month rally after the Fed’s declaration it would pursue an aggressively expansionary policy until the economy improved.
European shares dip, hold near highs on stimulus hopes
LONDON, Sept 10 (Reuters) – European shares eased on Monday
as falls in defensive stocks outweighed gains by miners, with
the main index holding close to multi-month highs on hopes of
stimulus measures from the U.S. and China following weak data.
By 1022 GMT, the FTSEurofirst 300 was down 1.83
points, or 0.2 percent, at 1,104.89, having hit a 13-month
intraday high on Friday on enthusiasm over the European Central
Bank’s bond-buying plan.
FTSE rises on ECB plan, hopes for solid U.S. jobs data
LONDON (Reuters) – Gains in miners outstripped falls in defensive stocks as the impact of the ECB’s bond-buying plans helped push the FTSE 100 up by midday on Friday, while investors were also hoping for solid U.S. jobs data later in the day.
By 11:26 a.m. British time, the FTSE 100 gained 9.92 points, or 0.2 percent, at 5,787.26, adding to the previous session’s 2.1 percent rise after the European Central Bank agreed to launch a new and potentially unlimited bond-buying programme to lower struggling euro zone countries’ borrowing costs and draw a line under the debt crisis.
FTSE buoyed by ECB bond buying plan and U.S. data
LONDON (Reuters) – Miners and banks led the rebound on the FTSE 100 on Thursday, after investors gave an initial thumbs up to ECB president Mario Draghi’s bond buying plans, while strong U.S. data also helped lift sentiment.
The FTSE 100 100 closed up 119.48 points, or 2.1 percent, at 5777.34 as the index recovered losses sustained over the previous two sessions.
Earnings help lift FTSE 100
LONDON (Reuters) – Blue chip stocks edged higher on Wednesday as upbeat results from firms including Standard Chartered (STAN.L: Quote, Profile, Research) and Antofagasta (ANTO.L: Quote, Profile, Research) occupied investors minds ahead of announcements from policymakers in the U.S. and Europe.
By 0801 GMT, the FTSE 100 was up 25.90 points, or 0.5 percent, at 5,661.18, having closed 0.8 percent lower on Tuesday as the UK’s benchmark index ended the month on a downbeat note after Germany reiterated its opposition to a banking licence to the new bailout fund for Europe.
Earnings help lift Britain’s FTSE 100
LONDON Aug 1 (Reuters) – Britain’s blue chip stocks edged
higher on Wednesday as upbeat results from firms including
Standard Chartered and Antofagasta occupied
investors minds ahead of announcements from policymakers in the
U.S. and Europe.
By 0801 GMT, the FTSE 100 was up 25.90 points, or 0.5
percent, at 5,661.18, having closed 0.8 percent lower on Tuesday
as the UK’s benchmark index ended the month on a downbeat note
after Germany reiterated its opposition to a banking licence to
the new bailout fund for Europe.
Earnings weigh as FTSE runs out off of puff
LONDON (Reuters) – London’s FTSE 100 fell on Tuesday as disappointment over earnings from the likes of BP and Fresnillo saw the three-day rally lose steam with investors awaiting a policy response from central banks to boost flagging global growth.
The FTSE 100 .FTSE was 2.82 points lower, or 0.1 percent, at 5,690.81, having gained 3.6 percent over the previous 3 trading days and touched the psychologically key 5,700 level intraday for the first time in 10 days.
European shares power higher in anticipation of ECB
LONDON, July 27 (Reuters) – Europe’s top shares climbed to
one-week highs on Friday, powered by expectations of ECB action
as policymakers stepped up rhetoric in support of the euro,
which leaves the market exposed to a sharp retreat if action
fails to follow next week.
German Chancellor Angela Merkel and French President
Francois Hollande pledged on Friday to do all in their power to
protect the euro, echoing the commitment made by European
Central Bank (ECB) President Mario Draghi a day earlier.
European shares rally as Draghi hints at ECB action
LONDON, July 26 (Reuters) – European shares rallied on
Thursday as bullish macro sentiment outshone a barrage of mixed
corporate earnings, after the European Central Bank president
sent a strong signal that the ECB will act to protect the euro
zone from collapse.
The FTSEurofirst 300 rose 24.71 points, or 2.4
percent to 1,042.60, paring losses of more than 4 percent over
the previous four trading days.
