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London open: Stocks drop as China services PMI falls UK stocks declined on Thursday as a report showed Chinese services activity slowed in February. Caixin’s purchasing managers’ index on China services fell to 51.2 in February from 52.4 in January, although remaining above the 50 level that separates an expansion from a contraction. “Of course […]

London open: Stocks gain ahead of UK construction PMI London stocks rose on Wednesday ahead of a report on UK construction that is expected to show growth in sector activity accelerated in February. Markit’s purchasing managers’ index on UK construction, released at 0930 GMT, is expected to rise to 55.0 in February from 50.0 the […]

London open: Stocks rebound as oil prices rally UK stocks rebounded on Tuesday from declines a day earlier as oil prices jumped after Saudi Arabia said it would work with other producers to limit market volatility. Brent crude rose 0.76% to $36.85 per barrel and West Texas Intermediate crude gained 1.14% to $34.14 per barrel […]

London open: Stocks slump on G20 China stimulus disappointment UK stocks declined on Monday on disappointment at the lack of specific stimulus plans for China’s flagging economy at the G20 meeting in Shanghai. Investors had been hoping China’s government would announce measures to boost the economy over the weekend after People’s Bank of China chief […]

London open: Stocks rebound as investors sift through corporate earnings London stocks rebounded on Thursday, led by banking shares after Lloyds Banking Group reported its full year results. Lloyds was the top riser on the FTSE 100 as it announced a £2bn dividend payout despite posting a fall in 2015 profit and having to cough […]

London open: Stocks slide on fall in oil prices, Brexit fears UK equities declined on Wednesday as another slide in oil prices and fears over the consequences of a possible Brexit weighed on investor sentiment. Oil prices fell on doubts that global producers will reach a deal proposed by Russia and Saudi Arabia to freeze […]

London open: Standard Chartered and BHP Billiton lead equities lower UK stocks fell on Tuesday, led by declines in Standard Chartered and BHP Billiton following weak financials from both. BHP Billiton dragged mining stocks lower after swinging to a loss for the first time in more than 16 years. The group posted a loss of […]

London open: Miners give stocks a boost amid China stimulus hopes UK stocks gained on Monday, led by mining companies as soft Chinese data raised hopes of further stimulus measures. BHP Billiton, Rio Tinto and Anglo American were the top risers on the FTSE 100 in morning trade, albeit declines in gold and silver prices, […]

London open: FTSE opens flat ahead of UK retail sales, US inflation The FTSE 100 opened flat on Friday investors awaited the release of data on UK retail sales and US inflation. UK retail sales data for January from the Office for National Statistics is expected to reveal a 3.4% increase year-on-year and a 0.7% […]

London open: Stocks decline after China inflation misses forecasts The FTSE 100 was in the red on Thursday as mining stocks declined and China inflation rose less than expected. China’s consumer inflation increased 1.8% year-on-year in January, compared to 1.6% in December. While it marked an improvement on the previous month, it missed analysts’ estimates […]