FTSE 100 couples their losses in the late rally




  • FTSE 100 index drops 22 points

  • Rolls-Royce one of the big blue-chip losers

  • Ex-div shares responsible for most of Footsie's losses

16.00: Footsie almost wipes the slates clean

The FTSE 100 was down 22 points (0.3%) at 7.085, most of which (13.9) points, to be precise, can be accounted for by some of the index's large dividend amounts that trade without dividends today.

There was no afternoon ramp for the Rolls-Royce Holdings PLC () after a side effect its results and withdrawals from the bidding to its new mid-sized aircraft.

"Many parts of the business operate more efficiently than they have in recent years, but Warren East has not completely Rolls-Royce firing on all cylinders. Large number of Trent 1[ads1]000-powered aircraft have been grounded, generating a significant repair bill, and the group has knocked out the bid to deliver engines to Boeing's new medium-sized aircraft, "noted analyst George Salmon.

"There are bright spots, such as the £ 611m net cash position and £ 568m of free cash flow, a critical figure for Rolls since the management puts it ahead and in the midst of the investment issue, but it is stars related to the progress. While Rolls deserves credit for To free up money by changing the terms of the supplier, much of the improvement is driven by extra advance payments and NOK 70 million on restructuring costs is excluded, "he added.

The shares were down 2.6% to 957.2 p.

14.35: US markets opened mixed

US markets opened mixed, which was a better result than had been before the release of US gross domestic product data ( GDP).

FTSE 100 rallied after the GDP release and then fell back before the collection again to 7,080, down 27 points (0.4%).

In the United States, the Dow Jones index increased 36 points (0.1%) to 26,021 while the S & P 500 was down half a point at 2,792.

US GDP in the fourth quarter grew at an annual rate of 2.6%, ahead of the consensus forecast for a 2.2% increase.

"The US economy delayed less than feared in 4Q18 with investment picking up some slack. With the government's closure and a better backdrop to financial markets and trade, we suspect that activity in Q1 19 may also work well, says ING Economics.

Naeem Aslam at thinkmarkets.com said that US GDP figures were "solid as a rock" and the price of gold "eased off the back of it. "

12.15: Footsie shook, but was not touched by a sudden end to the US and North Korea summit

The Top Stock Index has complained about some of its previous losses, despite expectations of a soft start on Wall Street

FTSE 100 was down 44 points (0.6%) at 7.063.

"US index futures had held relatively stable overnight but news shortly before the European session that the US Summit – North Korea had broken down without a conclusion served to disturb the markets, at least a little, "reported James Hughes on Axi Trader.

" Wall Street seems to take the news to a large extent. Dow futures have already traveled from previous downs, drawn a line during this battle to sell – at least for now.

"Shortly before the opening clock, the US 4th quarter is the GDP reading due to publishing," Hughes noted.

"Expectations have already been called here, but the influential Atlanta Fed forecast now shows only 1.8%. What in itself can rock emotions, but no doubt, much much below this level will bring fresh questions to the Fed But given Jerome Powell's view earlier this week, throwing away some fears may be sufficient – a short-term shock, but with new questions being asked in Chinese trade negotiations, there is still plenty of reason to be careful, he said.

Axi Trader calls Dow Jones to open 55 points lower at 25,930 and S & P 500 to start 7 points more easily at 2,785.

Back in Blighty, the chance to roll out James Bond and luxury car references have proved irresistible to the pound and analysts after () the first set of full-year results that a listed company sent the shares sharply opposite.

"Aston Martin Lagonda, who has only been negotiable for around 5 months, had car accident morning, Connor Campbell said.

"The investors pushed the ejector seat after Aston Martin's latest update, Bond's favorite veering offroad, when it announced a £ 30 million fund to handle all Brex's disturbance," he added.

"It may still be James Bond's favorite model, but shares in luxury car manufacturer Aston Martin Lagonda seem to have real engine problems, and the first set of full-year results as a quoted company does not help reveal that it used a weighty £ 136mlm to list in London last year, "chipped in Russ Mold.

The shares fell by one sixth of 1.150p.

Elsewhere, the PLC trend was up by 4.3% and peaked at the FTSE 100 leader after the rat catch and laundry company's 2018 results.

"We are confident of delivering further progress in 2019 and expect a slight increase in market expectations for 2019" The company said.

kl. 11:00 am: FTSE 100 plumbs new depths

FTSE 100 arrived at 11 o'clock, when it hit the lowest point of the day when traders were concerned with increasing geopolitical excitement.

FTSE 100 was down 66 points 0.8%) at 7.041.

"FTSE has dipped to its lowest level for almost three weeks this morning, falling back below 7,100 markets as global stocks have generally withdrawn as the risk sentiment struck after the US and North Korea failed to reach an agreement of denuclearisation for the peninsula, "reported David Cheetham at XTB.

Miners were in favor of some overwhelming PMI data from China (see below).

PLC () fell 2.4% to 4.318p despite reported increases in mineral resources at Pilbara iron ore operations in Western Australia.

Housebuilder PLC () was the top blue-chip drop in the sector, down 2.2% at 2.397p, On that day, the publication of the Nationwide House Price Index (HPI) revealed a fall in the index to 426.4 in February from 426.6 in January.

Average sales price in February dipped to NOK 211.304 from NOK 211.966 in January. [19659006] "After almost complete grinding in January, annual house price growth continued to deteriorate in February, with prices only 0.4% higher than the same time last year," commented Robert Gardner, nationwide chief economist.

"Indicators for housing Market activity, such as the number of real estate transactions and the number of mortgages approved for home purchase, has remained stable in recent months, but survey data suggests that the mood has softened," he added.

FTSE 250 stock PLC () was down but above the market with a 0.4% fall of 1.060.5p after the 2018 results.

Liberum Capital Markets, which has a target price of 950p and bets on the shares a "hold," said the results were ahead of the forecasts

"The consensus expectations are likely to upgrade," the broker said.

10.10am: Abrupt end of North Korea-US talking roads on stocks

As if traders haven't had enough on their plate with a barring

FTSE 100 was down 51 points (0.7%) on 7,056, not helped by such, Diageo and easyJet trading ex-dividend today.

Apart from easyJet, the worst performance of blue chip was PLC (), which was down 4% at 505.6p after the annual profit had given the shareholders a chill.

"No major surprises when RSA reports a 3% lower than expected 2018 PBT [profit before tax] of £ 480m (up 7% y / y) against our estimate of £ 495m and 8% during the £ 523m concession," broker said. Evaluation of the results.

Results from paper and packaging group () also have thumbs down. Revenues increased by 5% year-on-year in 2018, but analysts had penciled in by 6.7%, while some might have expected a particular non-existent dividend.

9.15: News from the East not useful for market sentiment

An abrupt end to the US-North Korea's lecture has put financial markets in an acidic mood.

FTSE 100 was down 54 points at 7,053 in a day when updates from blue chip companies have come thick and fast.

"With US President Donald Trump stating that the United States is not willing to lift sanctions and North Korea" unprepared "to meet his demands, the chances of a breakthrough cooperation coming soon are unlikely. However, Trump and Kim Going away from the negotiating table, does not mean that bilateral relations between the two have turned worse. With the summit closing, this could open the doors for further talks in the future, suggested an optimistic Lukman Otunuga on the FXTM.

Sentiment has not been helped by weak economic data from China in the form of purchasing leader indices (PMIs).

"China's production and non-manufacturing PMI continued to fall in February. Unless the commercial war really becomes an extended cease-fire, the failing trend may not end quickly. As such, we expect March PMI to fall as well, "said ING Economics.

China's manufacturing PMI for February came in at 49.2, down from 49.5 in January and below the 50-point dividing line separating from expansion.

"A few good news comes from new orders, which represent new domestic orders. These rose to 50.6 in February from 49.6 last month. There are two explanations for this. One is that stimulus and monetary relief have been effective in getting the domestic demand back to expansion. Another is that these data are only one-off and will not last.

"We believe it will be better to monitor this data for another month before we jump to any conclusions," ING said.

Non-Production PMI fell to 54.3 from 54.7 in January, with new orders dipped to 50.7 from January reading of 51.0.

8.40am: Boring progress on busy Thursday

Soon we will be back where we were at the beginning of the month – under 7000 – with the FTSE 100 kicking off the session in the red (again).

The strong combination of Brexit and Chinese-Chinese trade concerns has again infested the Blue Gaming Index, which fell 43 points to 7,064.66.

India and Pakistan's transition to war photography have not been included in the market calculation, but as analyst Jasper Lawler, London Capital Group, pointed out: "Investors will continue to look at distance, ready to respond if necessary." [19659006] Results of rat catches Rentokil () and British Ai rays owner IAG () raised shares in respective business 5.3% and 3.6% respectively.

It wasn't so much a nose dyke, but a 5% adjustment of the height of Rolls-Royce (), after announcing it won Don't wait to have their jet engines mounted on their new mid-sized aircraft.

The gloss came from Aston Martin Lagonda (), whose virgin figures showed that the luxury car manufacturer fluctuated to loss. It also adds as much as £ 30m to tackle the effects of Brexit. The network effect was an 8.5% thumb on the company's market value.

Proactive news headlines:

() reported higher revenue and earnings as the New Luika goldmine produced above expectations through 2018. New Luika produced around 81,872 grams of gold, over the guidance of 80,000 grams.

() said it was granted permission to extend the age rating of its Phase III study of a drug to treat a rare skin condition. The study's independent data monitoring committee has concluded that children aged 21 to four can participate in the program.

Renewables Group PLC () delivered a strong economic development and a large dividend despite the fact that electricity production is slightly below the budget. Acquisitions added another three wind farms to the portfolio during the year only gone, and took 32 separate investments that generated 2,003 GWh of electricity (6% down on expectations).

() shares jumped in early deals on Thursday when it targeted a March launch for its platform in Southampton and unveiled plans for a new, redesigned website.

() has started another clinical study of Parsortix – the simple blood test that can help doctors discover the early signs of cancer.

Virtual Real Estate (VR) firm PLC () has appointed Dubai-based Warehouse of Games as the exclusive distribution partner in the Middle East and North Africa.

ADES International Holding Ltd () has completed the acquisition of four onshore rigs in Algeria from giant Weatherford International PLC (NYSE: WFT).

() reported an increase of 23% in the mineral resource at its Bougouni Lithium project in Mali, with 55% of the updated figure in the specified resource category.

PLC () has announced plans to place pounds in a pound to satisfy the demand for new stocks and increase its investment power.

The results of the recent drilling program at the Cinovec lithium-tin project continue to meet or exceed European Metals Holdings Limited () expectations. The company has completed drilling on five of the eight holes it intends to drill, and has released results today from the fifth well CIS-14.

Bluebird Merchant Ventures () will submit permission to develop the Kochang mine in Korea next week. Two meetings have recently been held with the state-owned Korean Resources Corporation (KORES), including an on-site visit.

() has told investors that the investigation partnership with IAMGOLD continues in the Dalafin project, where the earning period for year 2 has now begun. As part of its ability to buy up to 70% of the project – using up to US $ 8m in exploration – IAMGOLD is expected to invest at least $ 1m this year.

(LON: DGOC) showed that it generated about $ 289.8 million of revenue in 2018, as it continued to expand its business through acquisitions. It made four agreements during the year, with USD 938 million of the transaction value.

() has updated its estimate of reserves for its carbon dioxide methane assets in China. Total net proven or 1P reserves increased 37% over the year to 135Bcf gas, worth US $ 682m at an average price of US $ 8.98 per Mcf.

(), gold and copper-focused resource company, has announced the appointment of SI Capital Ltd as a joint broker to the company, with immediate effect.

() said it has completed an agreement with Alderley Limited to reduce its accommodation footprint at the company's headquarters in Alderley, Cheshire. It is added that, as part of the agreement, on February 27, 2019, a warrant to acquire 750,000 ordinary shares of 1p each in the share capital of Redx issued to Alderley Limited. The guarantee will not be exercised until the second anniversary of the issue.

6.45: FTSE 100 set to fall

The FTSE 100 is expected to start Thursday a little lower, at least partly according to global goals weighed by the latest feelings about the US-China trade conflict.

Markets had hoped that the resolution was near, but obviously, new comments indicate that it is not going to be that simple.

"Comment from US trade representative Robert Lighthizer that a trade agreement was not yet certain, unnoticed investors, slowing down trade optimism and resulting in risks coming from the table, says Jasper Lawler, an analyst at London Capital Group.

" that China needs to do more than just buy more American products suggests that the distance between the two sides of key issues remains significant. "

Lawler added:" The market with the right or wrong has come before itself when it comes to trading optimism, we now see traders coming back to reality, explaining the last point of sale. "

Weaker Chinese production data also increased some negativity in the global equity mix.

Continued pounding strength, among the latest Brexit expectations, is another pressure on the FTSE 100, which consists mainly of multinational US dollar companies.

IG Markets expects the FTSE 100 to start trading about 16 points lower, as it calls the 7,075 to 7,778 price by more than an hour to go open.

The Wall Street indexes were mostly negative on Wednesday's proximity. Jones was down 72 points or 0.28% by finishing the 25 985 session, while the S & P 500 was only slightly lower, losing 0.05% to end the 2,792 day.

Nasdaq, meanwhile, just a bit into positive territory – up 0.06% to 7.554.

In Japan, Nikkei Japan gave 171 points or 0.79% to 21,385 and Hong Kong's Hang Seng was 0.24% lower at 28,688. also 0.64% trade at 2934.

Significant events expected at t :

Finals: PLC (LON: IAG), Rolls-Royce PLC (), (LON: BATS), LON: BVS, RSA Insurance PLC (LON: RSA), Rentokil Initial PLC ( LON: RTO), CRH PLC (LON: CRH), Merlin Entertainment PLC (LON: MERL), Inchcape PLC ING), Aston Martin Lagonda Holdings PLC (LON: AML), Hunting Plc (LON: HTG), Hastings Group PLC ( LON: HSTG), Howden Joinery Group PLC (LON: HWDN), Mondi Plc (LON: MNDI) Express Group PLC (LON: NEX), Petrofac PLC (LON: PFC), Foxton's PLC (LON: FOXT), Gocompare.com Group PLC (LON: GOCO), Vesuvius Plc (LON: VSVS), Amigo Holdings PLC AMON), Bakkavor PLC (LON: BAKK), Grafton Group PLC (LON: GFTU), Greencoat UK Wind PLC (LON: UKW), Arrow Global Group PLC (LON: ARW), Diversified Oil & Gas PLC (LON: DGOC)

Interims: Ricardo plc (LON: RCDO), Management Resources Solutions PLC (LON: MRS) [19659006] Dividend to hit 13, 9 points from the FTSE 100 index: AstraZeneca PLC (LON: AZN), Barclays PLC (LON: BARC), Diageo plc (LON: DGE), easyJet PLC (LON: EZJ), Micro Focus International PLC (LON: MCRO)

Economic data: UK Countrywide housing prices; US weekly unemployed claims; US preliminary GDP; US Chicago PMI

Around the markets:

  • Pound: US $ 1,3303, down 0.05%
  • Gold: US $ 1,319 per ounce, up 0,14%
  • Brent Crude Oil: USD 66.03 per barrel , up 1.24% 19659108] Bitcoin: US $ 3.802, up 0.007%

City headlines:

  • UK car exports to China fall by 72% in January – Sky News
  • M & S and starting home delivery next year – BBC News
  • ] Work to push for stricter rules for online gambling – Guardian
  • Arm warns to delay 5G in Europe would beat GDP – Financial Times
  • seeking UK Wedgetail jet buy decision this year – Reuters
  • largest shareholder says rescue plan is "awful" – Guardian
  • draws scheduled buy-in competitor ClearScore – Financial Times
  • Wonga causes damage "beyond the grave" – ​​BBC News



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