09 dec: Løftebrud koster pensionssparernes tillid
10 dec: Din pension kan være ½ mio. kr. for dyr
09-12-2010 12:46:13

Commodities, financials push FTSE up

Pedestrians walk through the gate at Paternoster Square, home to the London Stock Exchange, London
Relateret indhold

By Simon Falush

LONDON (Reuters) - Commodity stocks and banks pushed the top share index slightly higher on Thursday as proposed fiscal stimulus measures in the United States helped boost the outlook for the global economy.

By 11:15 a.m., the FTSE 100 was 19.58 points or 0.3 percent, higher at 5,814.11 after falling 0.2 percent on Wednesday.

A proposal by U.S. President Barack Obama to extend tax cuts has lifted optimism among some investors that the world's largest economy will deliver decent growth in 2011.

This helped lift metal and crude prices and boosted heavyweight commodity stocks.

Miners Lonmin (Lonmin PLC ORD USD0.0001) and Kazakhmys (KAZ Minerals PLC ORD 20P) added 2.8 percent and Eurasian Natural Resources (Eurasian Natural Resources COR) added 1.9 percent respectively while energy firms BG Group and Royal Dutch Shell (Royal Dutch Shell PLC 'A' ORD) gained 0.5 percent and 2.5 percent.

"It's a case of two steps forward and one step back, but there's a bit more confidence that there's some growth about and that's not a bad situation for equities," Neil Tong, head of UK equities at Alliance Trust said.

However he added that caution was likely to remain as government debt problems around Europe have yet to be resolved.

Banks were also mostly firmer, boosted by the improving risk appetite. Barclays (Barclays PLC ORD 25P) gained 2.3 percent while Lloyds Banking Group (Lloyds Banking Group PLC ORD 1) put on 1.2 percent.

Insurers were also stronger, with Prudential (Prudential PLC ORD 5P) adding 3.1 percent and Legal & General (Legal & General Group PLC) up 2.2 percent.

Asia-focussed bank Standard Chartered was the top FTSE 100 laggard, however, down 2.9 percent, as the bank issued a trading update. Analysts highlighted cost growth exceeding income growth as a possible cause for investors' concern.

Smith & Nephew , meanwhile fell 2.3 percent, retreating after strong gains on Wednesday which were prompted by bid speculation.

BANK OF ENGLAND WATCH

The Bank of England's Monetary Policy Committee decision is due at noon. The Bank is likely to hold interest rates at 0.5 percent and keep the 200 billion pounds of asset purchases that has been in place since February.

Overall, appetite for equities seemed relatively firm with investors seeing them as attractive relative to other asset classes.

"There's a chance that we will see a switch in asset allocation out of sovereign debt into equities, said Tong at Alliance Trust.

British house prices posted their first annual decline in a year in the three months to November, and prices fell 0.1 percent on the month, mortgage lender Halifax said.

Across the Atlantic, weekly U.S. jobless claims data is scheduled for release at 1:30 p.m., with U.S. October wholesale inventories due at 3 p.m.

Technical indicators look supportive, analysts said.

"The market found buying activity well above the key technical support levels... and appears poised to retest the previous swing high... near 5,840," Jonah Ford, an analyst at Autochartist, said in a note.

(Editing by Erica Billingham)

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Pandora køber Pandora-butikker i Irland

22-05-2018 14:36:36
Smykkeselskabet Pandora køber et butiksnetværk bestående af Pandora-butikker i Irland og Nordirland af BJ Fitzpatrick Holding.Det oplyser selskabet i en meddelelse tirsdag eftermiddag. Pandora skal betale 23 mio. euro eller omkring 171 mio. kr. for de 24 Pandora-butikker og en shop-in-shop i Irland og fem butikker og 10 shop-in-shops i Nordirland.Pandora oplyser, at butikkerne i Irland i 2017 omsa..

Mærsk: Fragtrater Asien-Europa faldt 2,2 pct. i sidste uge

22-05-2018 09:55:08
Raterne for fragt af containere på de store shippingruter i verden faldt i sidste uge. Det var første gang i seks uger, at indekset gik tilbage. Det viser rateindekset Shanghai Containerized Freight Index (SCFI), som fredag viste et fald i spotpriserne på 3,2 pct. til 753,83 dollar per tyvefodscontainer (teu). Dermed har indekset bevæget sig en del, siden det var nede at vende i årets bund i 568,6..

Aktier/tendens: Høreapparatsselskaber i fokus i ventet grøn åbning

22-05-2018 08:17:36
Der er udsigt til en mindre stigning på det danske marked tirsdag. Mandag var der pæne stigninger i USA og Europa, og tirsdag ligger de amerikanske futures lidt højere.Der er ikke mange skemasatte nyheder tirsdag, men GN Store Nord og William Demant Holding har fået nyt fra kollegaen Sonova. Og over pinsen har der været et væld af analytikerændringer.I løbet af weekenden annoncerede USA og Kina, a..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Brøndby betaler dyrt for sølvmedaljer - falder 50 pct.
2
Novo: Studieresultater bekræfter potentiale for Refixia
3
Aktier/tendens: Høreapparatsselskaber i fokus i ventet grøn åbning
4
Pandora køber Pandora-butikker i Irland
5
Aktier/åbning: Bavarian og Mærsk trækker indekset i grønt

Relaterede aktiekurser

Lloyds Banking Group PLC.. 67,26 1,2% Stigning i aktiekurs
Barclays PLC ORD 25P 211,11 1,1% Stigning i aktiekurs
Legal & General Group PL.. 286,20 0,3% Stigning i aktiekurs
Royal Dutch Shell PLC 'A.. 2.739,50 -0,3% Fald i aktiekurs
Prudential PLC ORD 5P 1.939,00 -0,8% Fald i aktiekurs
Lonmin PLC ORD USD0.0001 47,28 -3,5% Fald i aktiekurs
KAZ Minerals PLC ORD 20P 1.070,00 0,9% Stigning i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2018  Disclaimer Cookie- og privatlivspolitik
Aktieinformation leveres af Morningstar.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
22. maj 2018 19:26:33
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20180515.2 - EUROWEB3 - 2018-05-22 19:26:33 - 2018-05-22 19:26:33 - 1 - Website: OKAY