Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Indexes  >  World  >  FTSE 100    F100   GB0001383545

FTSE 100 (F100)
Mes dernières consult.
Most popular
News SummaryAll newsNews of the components ofTweets

LONDON MARKETS : FTSE 100 Slips As The Pound Hits 3-week High

share with twitter share with LinkedIn share with facebook
share via e-mail
03/20/2017 | 10:29am CEST

By Carla Mozee, MarketWatch

But blue-chip index still above 2,400, after reaching record closes last week

U.K. stocks declined Monday, as a rise in the pound to a three-week high weighed on the FTSE 100, which twice hit record levels last week.

The FTSE 100 fell 0.2% to 7,411.20, with oil and gas, health care and financial shares among those losing ground. On Friday, the London benchmark added 0.1% to 7,424.96, a new record closing high. That was the index's second close at a record in a row, and those moves helped the blue-chip gauge gain 1.1% for the week.

This week started with the pound buying $1.2415, up from $1.2397 late Friday in New York. That is the highest level for the pound since Feb. 27, when it hit $1.244, according to FactSet.

Blue-chip stocks tend to rise when the pound falls, as it boosts the prospects of stronger earnings and sales for multinationals that trade overseas.

The "pound is caught between last week's dovish [rate] hike from the Fed, the Bank of England's non-unanimous rate vote, where Kristen Forbes signaled that she believes an increase is in order, and Tuesday's inflation figure, which is set to cross the BOE's long-held 2% target," said Connor Campbell, financial analyst at Spreadex.

"The FTSE didn't respond particularly well to this movement," although it's still hovering near 7,400, he added in his note.

G-20 fallout: There was also gloom over the equity market following the weekend's Group of 20 meeting of finance ministers and central bankers in Baden-Baden, Germany.

The "G-20 meeting revived worries about the U.S.'s trade protectionism as finance chiefs were brought to drop a reference to fight protectionism in their joint statement," said Ipek Ozkardeskaya, senior market analyst at London Capital Group, in a note.

"Several leaders were left frustrated with the U.S.'s position regarding the global trade under Trump administration, including China, Japan, Russia, Germany and France," she said.

Stocks in focus: Vodafone Group PLC (>> Vodafone Group plc) reached a deal to merge most of its Indian operations with Idea Cellular Ltd . (532822.BY), the country's third-largest mobile operator. Shares of Vodafone were fractionally higher.

Unilever PLC (>> Unilever plc) is looking at a GBP6 billion sale of its spreads business, which includes the Flora and Stork brands, according to a Sunday Times report (http://www.thetimes.co.uk/article/unilever-lines-up-6bn-sale-of-flora-and-stork-87bxxlnd2).. Shares were up 0.2%.

Stocks mentioned in the article : Vodafone Group plc, Unilever plc
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on FTSE 100
12:47pDJLONDON MARKETS : FTSE 100 Sways In Both Directions After U.K. Inflation At Highe..
11:54aDJEUROPE MARKETS : European Stocks Slip As Auto Shares Fall, Credit Suisse Climbs
10:01aDJLONDON MARKETS : FTSE 100 Tilts Lower As Traders Brace For Inflation Report
06:13aDJEUROPEAN MORNING BRIEFING : Stocks to Stall as Fresh Catalysts Eyed
10/16DJLONDON MARKETS : FTSE Ends Session In The Red As ConvaTec Slumps 27%
10/16DJEUROPE MARKETS : Spanish Stocks Dragged Down By Catalonia Uncertainty, Sapping E..
10/16DJEUROPE MARKETS : Spanish Stocks Dragged Down By Catalonia Uncertainty, Sapping E..
10/16 Miners provide foundation for FTSE while ConvaTec plummets
10/16DJLONDON MARKETS : Miners Lift FTSE 100, But Pound Strength Keeps Gain In Check
10/16 CONVATEC : slashes revenue growth outlook, shares slump
More news
News of the components of FTSE 100
05:16p J SAINSBURY : Sainsbury's extends its one-hour delivery service to reach over 1...
04:37p GLAXOSMITHKLINE : 11.7% Potential Upside Indicated by Jefferies International
04:35p TOP NEWS : Smiths Appoints John Shipsey As New Chief Financial Officer
04:31p LEGAL & GENERAL : Urban&Civic sells Stansted hotel to Legal & General
04:31p LEGAL & GENERAL : New Waverley development in Edinburgh sold to Legal & General
04:26p WORLDPAY : Form 8.3 -
More news
Chart FTSE 100
Duration : Period :
FTSE 100 Technical Analysis Chart | F100 | GB0001383545 | 4-Traders
Technical analysis trends FTSE 100
Short TermMid-TermLong Term
Top / Flop FTSE 100
PEARSON 666.5 Delayed Quote.7.24%
EASYJET 1318 Delayed Quote.2.33%
J SAINSBURY 248.9 Delayed Quote.2.18%
SEVERN TRENT 2124.3 Delayed Quote.2.03%
RANDGOLD RESOURCES 7355 Delayed Quote.-1.67%
3I GROUP 943.5 Delayed Quote.-2.53%
STANDARD LIFE 431.7 Delayed Quote.-3.27%
MEDICLINIC INTERNATIONAL 647.75 Delayed Quote.-4.04%
MERLIN ENTERTAINMENTS 376.3 Delayed Quote.-16.32%
Heatmap :