David's Feed
Jun 14, 2013

Britain’s FTSE extends gains as miners lead technical bounce

LONDON, June 14 (Reuters) – Britain’s blue chip shares rose
early on Friday as miners led a technical rise after upbeat U.S.
economic data helped cool fears that the economy would struggle
if the central bank withdrew stimulus.

Miners rose 1.7 percent, and the FTSE
was up 15.78 points, or 0.3 percent, at 6,320.41 by 0721 GMT,
after stabilising on Thursday following sharp losses. The index
has fallen nearly 8 percent since mid-May on worries the Federal
Reserve might scale back its stimulus programme before the
economic recovery is sustainable.

Jun 13, 2013

Signs of European growth put capex back in fashion

LONDON, June 13 (Reuters) – Investors are rewarding European
companies that have stepped up spending to exploit a modest
improvement in growth prospects instead of hoarding cash or
handing it to their shareholders.

That may suggest that fortune, and investor equity
allocations, could continue favouring the brave – companies that
follow suit and use strong cash positions to make more
nuts-and-bolts investments in the coming months.

Jun 13, 2013

Financials lead European shares down on yield worries

LONDON, June 13 (Reuters) – Financial sector companies
pulled European stock markets lower on Thursday, dominated by
worries over the impact and possible scaling back of central
bank support for the economy, while UK lender RBS suffered from
the departure of its chief executive.

Financials such as insurers, asset managers
and banks led the FTSEurofirst 300 down 13.42
points, or 1.1 percent at 1,161.37, by 1027 GMT.

Jun 13, 2013

European shares at 7-week lows on cash-curb concerns

LONDON, June 13 (Reuters) – European shares sold off again
on Thursday with banks and commodity stocks – two of the sectors
most exposed to broader economic fortunes – the top fallers on
concerns about stimulus unwinding and Greek political
turbulence.

By 0735 GMT, the FTSEurofirst 300 was down 13.86
points, or 1.2 percent at 1,160.93, testing key support levels
and led by miners down 1.4 percent and banks
down 1.6 percent.

Jun 12, 2013

Russian retreat from FTSE 100 extended with relegated metals firms

LONDON, June 12 (Reuters) – Russian companies’ exodus from
the FTSE 100 was confirmed on Wednesday after precious metals
miner Polymetal and steelmaker Evraz were relegated to the UK’s
FTSE 250 index.

All changes will be effective after the UK market closes on
June 21.

The departure of Evraz and Polymetal
after less than two years in the top flight and Russian gold
miner Petropavlosk to the small caps from the
FTSE 250, leaves questions over relations with
investors, following troubles at Kazakh miner ENRC and
Indonesia-focused Bumi.

Jun 11, 2013

Fear of ebbing cash tide sends Britain’s FTSE through support levels

LONDON, June 11 (Reuters) – Britain’s FTSE 100 fell through
technical support levels on Tuesday on concerns that central
banks could soon scale back the stimulus that has helped the
equity market to approach all-time highs.

The FTSE 100 closed down 60.37 points, or 0.9
percent at 6,340.08, near late-April lows of 6,280.

Jun 11, 2013

FTSE 100 dives as stimulus worries mount

LONDON (Reuters) – Britain’s top shares were falling again by midday on Tuesday amid worries over central banks withdrawing the stimulus that has fuelled the rally over the past year.

The Bank of Japan was the latest to cause angst among investors as it chose not to provide fresh stimulus to boost the economy further.

Jun 11, 2013

Britain’s FTSE 100 dives as stimulus worries mount

LONDON, June 11 (Reuters) – Britain’s top shares were
falling again by midday on Tuesday amid worries over central
banks withdrawing the stimulus that has fuelled the rally over
the past year.

The Bank of Japan was the latest to cause angst among
investors as it chose not to provide fresh stimulus to boost the
economy further.

Jun 10, 2013

Miners drag on European shares on weak China data

LONDON, June 10 (Reuters) – European shares were flat by
midday on Monday with an attempt to rally capped by strong falls
in miners, which were hit by weak data from the world’s largest
consumer of raw materials, China.

Miners, beset by growth concerns and underperforming
the broader index by nearly 20 percent in 2013, fell
1.6 percent, tracking weaker metals prices, after the
weekend data showed Chinese economic growth slowing.

Jun 10, 2013

Russian retreat set to continue in latest FTSE reshuffle

LONDON (Reuters) – Russian companies’ exodus from the UK’s benchmark share index .FTSE looks set to continue on Wednesday, when steelmaker Evraz and miner Polymetal are likely to be relegated in the latest quarterly review.

Both stocks have lost more than 40 percent in a torrid year so far for the broader Russian mining group, which includes ENRC .ENRC.L, beset by slowing demand, corruption probes and regulatory inquiries that have hit investor sentiment.