LSE Market News

London open: Stocks nudge up as pound hit by latest election poll London stocks nudged higher in early trade on Wednesday as the latest election poll suggested a hung parliament, denting the pound. At 0830 BST, the FTSE 100 was up 0.2% to 7,540.13, while the pound was down 0.3% versus the dollar at 1.2817 […]

Petrofac shares (LSE:PFC) have crashed seriously. Price consolidated in February and March this year, and then formed a bearish signal in April, and then collapsed massively in May. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the […]

Fusionex stock (LSE:FXI) has broken downwards, after several months of tight consolidation, which became a base. Some think price ought to break upwards from a base. Well, Fusionex broke downwards, forming a bearish signal. The market had been consolidating since last year; plus price has broken downwards recently, going below the lower Trendline. At the […]

London open: Stocks in the red; IAG tanks on BA chaos London stocks were weaker in early trade, with IAG suffering the heaviest losses following an IT outage at British Airways that has caused three days of disruptions for passengers. At 0830 BST, the FTSE 100 was down 0.6% to 7,502.57, while over in Europe, […]

London open: Stocks flat, pound loses ground as Tory lead over Labour narrows London stocks were steady in early trade while the pound lost ground as the first poll since the Manchester bomb attack showed the Tory lead over Labour narrowing. The FTSE 100 was flat at 7,520.84, while the pound was down 0.5% versus […]

London open: Stocks little changed ahead of GDP data London stocks were little changed in early trade as investors digested the latest Federal Reserve minutes and awaited first-quarter economic growth data for the UK. At 0840 BST, the FTSE 100 was up 0.1% to 7,519.13, while the pound was up 0.1% versus the dollar at […]

Hurricane Energy shares (LSE:HUR) have generated a new bearish signal. The bearish signal could become significant over time, resulting in a serious bearish trend.   The price has been going upwards since July 2017, until recently. There is a now a movement below the EMA 21, while the Williams’ % Range period 20 is in […]

Xtract resources stock (LSE:XTR) is a no-go area for those who invest logically. The price has just been going sideways for the past several month, and that has formed an extremely tight base. Although the ADX period 14 is above the level 80 (strong momentum), while the DM+ is above the DM- (bullish signal), the […]

London open: Stocks little changed but miners drop after China downgrade London stocks were little changed in early trade as investors sifted through a raft of corporate news and digested a downgrade of China’s credit rating. At 0840 BST, the FTSE 100 was flat at 7,482.24, while the pound was up 0.1% to 1.2976. Investors […]

London open: Stocks nudge up as investors mull Manchester attack London stocks nudged higher in early trade as investors digested news of a suspected terror attack at a concert in Manchester on Monday evening that left 22 people dead and more than 50 injured. At 0830 BST, the FTSE 100 was up 0.1% to 7,504.87, […]