US WTI crude oil below $27 as MSCI’s benchmark global stock index enters bear market territory January 20, 2016 US crude oil dipped below $27 per barrel today, while the MSCI's benchmark global stock index fell into a bear market. West Texas Intermediate crude, the US benchmark, slumped 5.73 per cent to $26.83 per barrel. And Brent, the global benchmark, shed 4.35 per cent to $27.51. Concern over lower for even longer oil prices have dominated Davos, an annual meeting [...]
FTSE 100 index closes in a bear market as the price of oil falls further January 20, 2016 The FTSE 100 index officially fell into a bear market on Wednesday as the price of oil continued to slide. The UK's blue-chip index fell 3.46 per cent to 5,673 points, falling over 20 per cent from the high it reached in April 2015. "Few stocks were spared today as European equity markets plunged sharply today with the FTSE 100 [...]
Oil prices: Glencore chairman Tony Hayward and UBS chairman Alex Weber warn oil to stay lower for longer as WTI slides towards $27 January 20, 2016 Market mavens beat the "lower even for longer" drum on oil prices during an annual meeting of global political and business elites, as US crude careered towards $27 per barrel. Brent crude, the global benchmark, shed 2.89 per cent to $27.93 per barrel today. West Texas Intermediate (WTI) crude, the US benchmark, slumped 3.4 per cent [...]
Another Anglo American asset sale: Troubled miner sells off Callide coal mine in Australia January 20, 2016 Troubled Anglo American has sold another Australian mine to weather the deepening commodities crisis which has struck it hard. Having shed over 84 per cent of its value in the past two years, the FTSE 100-listed miner is now selling its entire stake in the Callide thermal coal mine in Queensland, its second Australian asset [...]
FTSE 100 opens higher despite weak Chinese economic data as miners including Anglo America, Glencore and BHP Billiton rally January 19, 2016 The FTSE 100 index opened higher today despite data from China that showed its economy growing at its slowest rate in 25 years. The UK's blue-chip index opened 1.64 per cent up at 5,872 points, led higher by miners. Yesterday markets were weighed down by "continued risk aversion and weakness in oil prices, as concerns grow over further deflationary forces rippling [...]
European shares rise as FTSE 250 opens higher, with Home Retail’s share price rising nearly three per cent January 18, 2016 The FTSE 100 started the day higher, edging up 0.6 per cent, before it dipped to 5,826 points at the end of the first hour of trading – 0.4 per cent up – despite a mixed performance on Asian markets. The day's stellar performer was FTSE 250-listed Home Retail Group, whose shares rose 3.5 per cent to 159.2p. [...]
Mining stocks lead the FTSE 100 index lower as share prices of Anglo American, Glencore, BHP Billiton slump January 15, 2016 More January blues for miners (and it wasn't exactly a great 2015 for them), as they led the FTSE 100 index lower this morning. The UK's blue-chip index fell 2.44 per cent to 5,773 points in mid-afternoon trade, led lower by Anglo American and Glencore. The FTSE is setting itself up for a loss of over seven [...]
FTSE 100 closes lower on mining stocks as US markets tumble following a sharp drop in Chinese markets and oil prices January 15, 2016 You probably saw this one coming: The FTSE 100 finished the week 1.92 per cent lower, closing under 6,000 points for the second Friday running, as US markets tumbled. The FTSE 100 finished at 5,804 points, pushed down by miners including Anglo American, which finished the day 11.5 per cent lower at 232.7p, Glencore, which fell 6.5 per [...]
FTSE 100 index opens up on supermarkets as share price of Tesco, Sainsbury’s and Marks & Spencer rise following Morrisons results January 12, 2016 The FTSE 100 index opened higher this morning as housebuilders and supermarkets made gains. The UK's blue-chip index rose 0.2 per cent to 5,883 points, led higher by Tesco, Sainsbury's and housebuilder Berkeley Group. The index made gains despite continued scepticism about the state of the Chinese economy. Read more: And they’re off – Shire and Baxalta agree $32bn [...]
FTSE 100 index opens lower as concerns over the Chinese economy persist January 11, 2016 The FTSE 100 index opened lower today as fears over the state of the Chinese economy lingered on. The UK's blue-chip index fell 0.34 per cent to 5,891 points, led lower by oil companies and miners (again). The news followed another fall in Chinese markets, after weak inflation data was published over the weekend. "It feels as though [...]