FTSE 100 Subdued As Investors Look For Direction; Mining Stocks Rise

RTTNews | 3天前
FTSE 100 Subdued As Investors Look For Direction; Mining Stocks Rise

(RTTNews) - U.K. stocks are mostly moving in a tight range on Monday as investors await progress in trade negotiations between the U.S. and the European Union, for clues about tariffs

According to reports EU member states are pressing the European Commission to prepare countermeasures, including tariffs on U.S. goods, restrictions on digital services, and limits on public procurement access.

Mining stocks are finding some support thanks to higher iron ore prices.

The benchmark FTSE 100, moving between 8,982.03 and 9,007.79, was down 9.81 points or 0.11% at 8,982.31 a few minutes before noon.

Anglo American Plc and Glencore are up 3.3% and 3.2%, respectively. Antofagasta is rising 2.7% and Rio Tinto is up by about 2.5%. Fresnillo is advancing 0.7%.

Sainsbury (J), Tesco, Entain, SSE, Marks & Spencer and Rentokil Initial are gaining 1 to 1.8%. Londonmetric Property, Mondi, Centrica, Smiths Group, Land Securities, Barrat Redrow, Schroders, Legal & General and Games Workshop are up 0.7 to 1.8%.

Oil & gas giant BP Plc is up by about 0.3% after naming Albert Manifold as its new chairman, succeeding Helge Lund.

Shares of precision engineering group Hunting Plc. are up more than 3% after the company said it has secured a $31 million order for Black Sea gas project.

BAE Systems is down 1.6%. Diageo, Standard Chartered, WPP, Airtel Africa, Barclays, AstraZeneca, Haleon, Auto Trader Group and Relx are down 0.6 to 1.2%.

read more
Commodity Currencies Slide As Traders Remain Cautious

Commodity Currencies Slide As Traders Remain Cautious

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Friday, as traders are cautious and optimistic that the U.S. will sign up more deals with its remaining trading partners before President Donald Trump's Aug. 1 deadline. The UK, China, Vietnam, and Indonesia have already struck deals, while Canada, India, South Korea, and the EU are ramping up their efforts.
RTTNews | 1小時29分鐘前
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | 1小時59分鐘前
European Economic News Preview: German Business Sentiment Data Due

European Economic News Preview: German Business Sentiment Data Due

Business confidence from Germany and retail sales from the UK are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for June. Sales are forecast to grow 1.2 percent month-on-month in June, in contrast to the 2.7 percent decrease in May.
RTTNews | 3小時56分鐘前