ADVFN News

London open: Chinese credit data weigh on stocks News that Chinese banks remained unwilling to lend in October weighed on stock markets across Europe on Thursday, London included. So-called aggregate financing in Asia’s largest economy, the widest measure of new credit, came in at 476.7bn yuan for October, the least in 15 months. At 0905 […]

London open: Employment data, BoE, ECB in focus Ahead of today’s employment figures in the UK and a speech from ECB president Mario Draghi, in London, data pointing to signs of a possible stabilisation in the Chinese economy helped to shore up market sentiment in early trading. As of 08:38 the Footsie was rising by […]

London open: Equity markets nudge higher as earnings lend support Stocks in London nudged a touch higher in early trade following losses in the previous session, as investors took heart from some encouraging earnings. “Despite falls in US and Asian markets the FTSE is trying to push higher thanks largely to Vodafone and National Grid […]

London open: Financials in the lead, homebuilders move lower Financials were leading gains on the Footsie early on Monday, with utilities and homebuilders again bearing the brunt of the selling pressure on the top flight index after Friday´s much stronger-than-expected US jobs report for October. The FTSE 100 was trading up by 0.33% to 6,374.53 […]

London open: All eyes trained on October US jobs report Investors stuck to the sidelines ahead of what some analysts believed would be a make-or-break jobs report for market expectations of a rate hike by the US central bank in December. Ahead of those numbers, as of 08:39 the Footsie was advancing by 7.28 points […]

London open: Investors anxious ahead of MPC’s ‘Super Thursday’ Investors in UK shares were anxious ahead of Thursday’s meeting of the Monetary Policy Committee after remarks by US Federal Reserve chairwoman Janet Yellen on the previous day led traders to push up the odds of a December rate hike across the Pond. As of 0945 […]

London open: Stocks gain as China service activity improves in October UK stocks gained on Wednesday after a report showed a pick-up in service sector growth in China. Caixin’s purchasing managers’ index on China services rose to 52 in October from 50.2 in September, above the 50 level that signals an expansion. “With China’s Caixin […]

London open: FTSE flat ahead of UK construction data The FTSE opened flat on Tuesday ahead of a report that is expected to show a slowdown in UK construction activity growth. The Markit/CIPS UK construction purchasing mangers’ index is estimated to fall to 58.8 in October from 59.9 a month earlier. A reading above 50 signals […]

London open: Stocks slide on further contraction in China manufacturing UK stocks dropped after a worse-than-anticipated report on Chinese manufacturing added to concerns about the slowdown in the world’s second largest economy. The official government’s purchasing mangers’ index on manufacturing showed a reading of 49.8 for October, unchanged from the previous month but...

London open: Stocks fall ahead of Eurozone CPI London stocks were in the red on Friday as investors continued to digest a worse-than-forecast slowdown in US economic growth in the third quarter and looked ahead to Eurozone inflation figures. US gross domestic product rose an annualised 1.5% in the third quarter, down from the previous […]