At the close: Miners send the FTSE higher as the banking roller coaster rolls on April 28, 2016 The FTSE 100 has somewhat recovered after a dreadful afternoon and has managed to pick up from earlier lows thanks to a rally in oil prices. The FTSE ended the day flat at 6,322.4 points, up just two points from 6,319.91 on Wednesday. Investors were initially caught off-guard by the news that the Bank of Japan would not extend its stimulus plan. [...]
Glencore’s biggest shareholder reduces stake in embattled miner April 26, 2016 Glencore's biggest shareholder has reduced its stake in the embattled miner and trader which has been whipsawed by tumbling commodity prices. The Qatar Investment Authority (QIA) today took its holding below nine per cent according to a regulatory filing. Read more: Glencore's chief executive took home £1.1m last year Today's move could surprise some investors, given [...]
FTSE fightback: Markets surge to reach fresh 2016 highs as optimism returns to the City April 19, 2016 The FTSE 100 enjoyed a spring rally today as stocks surged on the back of a rebound in the price of oil. The index of bluechip companies closed at its highest level since December 2015, up 0.8 per cent on the day at 6,405. It marks a far cry from the dark days of February, [...]
The FTSE 100 just hit a 2016 high April 19, 2016 Is this a sign stock market volatility has begun to ebb? The FTSE 100 hit its highest level in 2016 this morning, as a strike in Kuwait continued to do what this weekend's Opec summit in Doha couldn't: push oil prices up. The FTSE rose 0.5 per cent to 6,382 points in the first half-hour of trading, [...]
Citigroup says commodities rout is finally over April 18, 2016 Citigroup has called an end to the commodities rout which has sent shockwaves through the global economy, and pummelled the balance sheets of mining giants. "There is growing evidence that virtually all commodities have stared at a price bottom and are groping for a return to normal," Citigroup analysts wrote in a note received today. [...]
At the close: FTSE 100 closes flat after regaining ground from early losses, oil price pulls back after failed Doha talks April 18, 2016 UK equities closed slightly higher today, regaining ground from losses at the open. A late recovery in the oil price and metals gave a boost to commodity stocks. The blue-chip FTSE 100 index finished 0.2 per cent higher at 6,353.52 points, bouncing from a low of 6,261.71 shortly after the open as investors feared equity would follow [...]
At the close: FTSE pushed higher by banks and miners, as Tesco and Premier Foods fall April 13, 2016 Banks and miners moved the FTSE 100 higher today as data from China reassured investors over growth in the world’s second largest economy, adding more than 100 points to the index’s rise. The FTSE 100 ended the day at its highest for four months at 6,362.89 points, up 120.50 points, or 1.9 per cent. Tesco shed [...]
Markets in Peru climb higher as free-market candidates move on to election second round April 11, 2016 Peru's markets have recorded their sharpest jump since 2008 after voting results showed two free-market candidates have moved on to the second round of presidential elections. In early afternoon trading the Peru General Index was up more than eight per cent, falling back from highs of over 10 per cent in earlier trading. The Peruvian sol currency added 2.68 per cent [...]
Copper records worst price fall since January April 10, 2016 Concerns are rising over the outlook for metal prices after copper last week recorded its biggest weekly loss since January due to fears demand in China will fail to return. The slip has hurt miners bottom lines in recent months. Rising stockpiles of metal at exchanges have added to worries, compounding the impact of souring [...]
FTSE 100 closes at a new 2016 high after commodities rally April 8, 2016 The FTSE 100 caught the Friday feeling today, closing at a high for the year after bouncing off some upbeat commodities stocks. The bluechip index clocked out for the week at 6,204, up 1.1 per cent and its highest close since jolly New Year's Eve traders-cum-revellers saw it hit 6,242 on the final day of last [...]