Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

Indicative prices

FTSE 100 (F100)

After market
-0.03%
7491.46 PTS
Real-time Quote. Real-time  - 05/23 05:40:00 pm
7493.93 PTS   -0.10%
06:35pDJEUROPE MARKETS : European Stocks End Higher As Economic Activity Hov..
06:32pDJLONDON MARKETS : U.K. Stocks Close Lower After Manchester Attack, Po..
11:58aDJEUROPE MARKETS : European Stocks Rise As Eurozone Economic Activity ..
SummaryQuotesChartsNewsAnalysisHeatmapComponents 
News SummaryAll newsNews of the componentsTweets 

LONDON MARKETS : FTSE 100 Stays In The Red After Brexit Update Flips Pound Lower

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/20/2017 | 04:18pm CEST

By Carla Mozee, MarketWatch

But blue-chip index still above 7,400, after reaching record closes last week

U.K. stocks edged lower Monday, finding no relief after the pound retreated on the U.K. government's announcement of when it will trigger the start of the Brexit process.

The FTSE 100 shed 0.1% to 7,416.20, with oil and gas, mining and financial shares among those losing ground. On Friday, the London benchmark rose 0.1% to 7,424.96, a 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.

"Equity markets are making a negative start to the week as a significant dearth of macroeconomic and corporate news is leaving investors with a lack of drivers," said Henry Croft, research analyst at Accendo Markets, in Monday afternoon note.

Stocks remained stuck in the red even as the pound swung lower after the U.K. government said British Prime Minister Theresa May will trigger Article 50 on March 29 to begin the process of leaving the European Union.

G-20 overhang: There was also gloom over the 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.

Sterling: The pound's drop didn't push the FTSE 100 out of negative territory. Blue-chips tend to rise when the pound falls, as it boosts the prospects of stronger earnings and sales from overseas for multinational companies.

Sterling came off session highs, buying $1.2393, little changed from $1.2397 late Friday. The pound earlier on Monday hit an intraday high of $1.2436, the first time in three weeks it traded above $1.24. It notched an intraday low of $1.2364.

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," wrote Connor Campbell, financial analyst at Spreadex.

Stocks in focus: Shares of oil producers BP PLC (>> BP plc) (>> BP plc) fell 0.8% and Royal Dutch Shell PLC (>> Royal Dutch Shell Plc)(>> Royal Dutch Shell Plc) lost 0.7% as oil prices dropped, with some analysts saying pressure came as the G-20 officials dropped the group's stance against protectionism. West Texas Intermediate oil fell more than 1% to trade closer to $48 a barrel.

Associated British Foods PLC (>> Associated British Foods plc) climbed 1.7% after Goldman Sachs raised its rating on the company to buy from neutral, saying its fashion retail unit Primark is returning to growth.

Unilever PLC (>> 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 0.6%.

Vodafone Group PLC (>> 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 lower.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FTSE 100
06:35pDJEUROPE MARKETS : European Stocks End Higher As Economic Activity Hovers At 6-yea..
06:32pDJLONDON MARKETS : U.K. Stocks Close Lower After Manchester Attack, Pound Spike
11:58aDJEUROPE MARKETS : European Stocks Rise As Eurozone Economic Activity Hovers At 6-..
11:17aDJEuropean Shares Slightly Higher on Gains in Technology Stocks -- Update
09:55aDJLONDON MARKETS : Cautious Start To Trade In U.K. Stocks After Suspected Terror A..
09:49aDJEuropean Shares Hold Steady After Manchester Bombing
05/22DJMARKET SNAPSHOT : U.S. Stocks Close Higher As Tech, Industrials Lead The Way
05/22DJMARKET SNAPSHOT : U.S. Stocks Gain As Wall Street Tries To Erase Last Week's Ugl..
05/22DJEUROPE MARKETS : European Stocks Finish Lower After Merkel Says Euro 'too Weak'
05/22DJLONDON MARKETS : U.K. Stocks Rise For 2nd Day As Election Poll Weighs On Pound
More news
News of the components of FTSE 100
06:31p BARCLAYS : Form 8.5 (EPT/NON-RI) - JOHN WOOD GROUP PLC - AMENDMENT
06:15p HSBC : Overseas Regulatory Announcement - Notifiable Interests - BlackRock, Inc...
06:06p WPP : Data Alliance Appoints New CEO
06:04p LONDON STOCK EXCHANGE : HGC Arbitrage Fund LP - Form 8.3 - Sandstorm Gold Ltd
06:03p BAE : Selects bruel & kjaer to develop acoustic signature management system for ..
06:01p ROLLS ROYCE : achieves 10 million flying hours on its BR710 engine
05:46p BP : Khazzan Project on Track for First Gas with 50 Wells Completed
More news
Advertisement
Chart FTSE 100
Duration : Period :
FTSE 100 Technical Analysis Chart | F100 | GB0001383545 | 4-Traders
Full-screen chart
Technical analysis trends FTSE 100
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Top / Flop FTSE 100
BABCOCK INTERNATIONAL GROUP.. 969.5 Delayed Quote.2.97%
EASYJET PLC 1301 Delayed Quote.2.52%
SEVERN TRENT PLC 2491 Delayed Quote.1.76%
ASSOCIATED BRITISH FOODS PL.. 2954 Delayed Quote.1.62%
CRODA INTERNATIONAL PLC 3978 Delayed Quote.1.56%
POLYMETAL INTERNATIONAL PLC 1039 Delayed Quote.-1.98%
MEDICLINIC INTERNATIONAL PL.. 869 Delayed Quote.-2.03%
WPP PLC 1673 Delayed Quote.-2.16%
SHIRE PLC 4710 Delayed Quote.-2.35%
KINGFISHER PLC 359.2 Delayed Quote.-2.42%
More Top / Flop
Heatmap :
Detailed heatmap