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London open: Stocks jump after China sets higher value for the yuan Stocks jumped out of the gate after China’s central bank set a higher daily reference value for the country’s currency and after that country’s central bank chief, Zhou Xiaochuan, talked about the need for patience in balancing reform, growth and stability, as well […]

London open: Rolls-Royce and banks lead FTSE bounce Led by a relief rally in Rolls-Royce and banking stocks, shares in the UK’s blue chips threw off the negative market sentiment and bounced back strongly after hitting three-year lows the day before. Overnight, US stocks lost more than 1% while in Asia the Nikkei capped its […]

London open: Stocks track declines in Asia as investors digest Yellen speech London stocks fell on Thursday, tracking declines in Asian markets after US Federal Reserve Chair Janet Yellen highlighted her concerns about China’s wailing economy. Yellen said in a prepared speech on Wednesday that financial conditions have become less supportive of economic growth, the […]

London open: Stocks gain ahead of Yellen’s testimony UK stocks rose on Wednesday as investors brushed off concerns about the health of the world’s economy and the state of the banking system. Japan’s Nikkei was down 2.32% as the yen touched 15-month highs, making the country’s exports less competitive. Stocks have fallen to a 15-month […]

London open: Stocks waver in early trade; miners weak Stocks in London flitted between small gains and losses as concerns about global growth continued to weigh on investors’ minds, with miners suffering the heaviest declines. At 0915 GMT, the FTSE 100 was up 0.4% to 5,711, showing some resilience compared with the heavy falls seen […]

London open: Stocks flat as investors look for fresh catalysts; Randgold shines Stocks in London were largely flat on Monday, flitting between small gains and losses as investors struggled for direction following last week’s selloff. At 0900 GMT, London’s FTSE 100 was flat at 5,849. “With most of Asia on holiday for Chinese New Year […]

London open: FTSE flat ahead of non-farm payrolls The FTSE 100 opened flat on Friday as investors erred on the side of caution ahead of the US non-farm payrolls report. The Labor Department’s non-farm payrolls report at 1330 GMT is expected to show US employers added 190,000 jobs in January, marking a slowdown from the […]

London open: UK stocks gain ahead of BoE’s Super Thursday UK stocks gained ahead of the Bank of England’s so-called Super Thursday which includes the central bank’s policy decision, meeting minutes and Inflation Report. The BoE’s Monetary Policy Committee is once again projected to vote 8-1 on maintaining the benchmark rate at 0.5% amid low […]

London open: Stocks drop following declines in Asia, US UK stocks dropped on Wednesday following declines in Asian and US markets. Asian equities closed sharply lower after a sell-off on Wall Street as concerns about falling oil prices continued to weigh on sentiment. Oil prices have been under pressure on the dimming prospect of an […]

London open: BP drags stocks into the red after posting annual loss The FTSE 100 dropped on Tuesday, led by BP after the oil major reported its worst annual loss in 20 years amid a slump in oil prices. BP’s shares tumbled after it posted a full year loss of $6.5bn (£4.53bn), reflecting write-downs and […]