FTSE 100s charge becomes more of an amble




  • FTSE 100 up 25 points

  • Futures markets indicate that US references will open a tad firmer

  • Aberdeen in the Footsie basement after broker downgrade

11.00: Wins pared as futures point to a worse start on Wall Street

Futures markets point to US benchmarks only opening modestly, suggesting that fizz has already left the market.

The FTSE 100 was up 25 points (0.4%) at 6,966, having previously had the idea of ​​moving back over 7,000 when it was hit 6.995.

"The Fed meeting lit a rocker under stocks yesterday and pushed Dow back over 25,000 again," said Chris Beauchamp, market analyst at IG.

A shockingly poor German retailer, which recorded its worst monthly fall since the beginning of 2007, has dampened the feeling and raised existing concerns that the euro area is heading into a much softer economic patch, but if the Fed should remain so cautious on Monetar y politics when stocks will have much less to worry about, "he continued.

" Now, if American and Chinese officials could only sort out a positive statement and suggest that progress has been made, we may come across a new leap higher , breaking over the 2,700 on the S&P 500 and beating the October downtrend line that apparently everyone (even the avowed non-chartists) is looking at, "Beauchamp said.

Back in the UK, Aberdeen was PLC () down 4.3% at 253.65 p after downgrading the stock to "equilibrium" from "overweight".

9.45am: Hot toddy for Footsie

Central banks reserve the right to change, and it appears to be discussed by the Federal Reserve is in the process of increasing the stock market.

The FTSE 100 was up 36 points (0.5%) to 6.978.

"The FTSE found something renewed on Thursday, which made Wall Street last night after the Fed surprised markets with a much softer rate hike this year. In contrast to the plans posted just six weeks ago, the central bank signaled that it cannot pick up interest rates at any time, while monitoring a slowdown not only in domestic economic growth but also a more widespread decline in the world economy, says Fiona Cincotta, Senior Market Researcher at City Index.

The Dollar Has Taken a Thumb morning, but Footsie's big dollar earnings seem to have pulled it off.

The reaction to trade updates from the big animals to Footsie was split evenly, with () and () getting thumbs up and (LON: BT. ) and () get the bum's rush.

Shell and Diageo were up 4% and 4.2% respectively while BT and Unilever were down 4.1% and 2.9%, respectively.

"There is a lot for BT to deal with both near and long term, and issues of dividends will not go The result is stable over the past nine months at £ 5.55 billion, but large investments in the fiber network reduced cash flow by 11%, says Lee Wild to an interactive investor.

"BT shares underperformed the broader market headline in these results and "Although cheap and attractive, the market may want to see what Jansen is wearing before supporting the new man," Wild suggested. [8659024] 8.45: Hot Streak

The FTSE 100 made a better-than-expected start, setting up the potential for a three-day winning knit as it rose 47 points to 6,988.15.

Who knows, Footsie can even withdraw over 7,000 within the week if the torque continues [19659009] With the index of blue chip heavy weighted against oil production, the () result-oriented 3.5% flow gave the largest driver behind the index.

Dovish comments from Fed boss Jay Powell also gave a boost to emotions.

Only a leader of Shell on the management board was Smirnoff Vodka maker Diageo (), who waited 4% when giving it half-yearly and said it would start a $ 600 million share purchase.

"Not surprisingly, for a group that makes the water stronger than wine, Diageo generates a lot of money and the company threw out another £ 1.3 billion in the last six months alone," said stock picker Steve Clayton.

"These The figures show the underlying strength of Diageo, with good growth across the table, despite a volatile macroeconomic background. "

There were no surprises from BT () whose financial results were as anemic as expected. The shares went 1.6%.

Proactive news headlines:

() went live with the restaurant reservation service in Bristol on Thursday, at the same time as they updated their strategy for 2019.

() has increased its intellectual property again after the junior biotechnology secured two new patents for its VAL301 connection in China and Russia, respectively.

The mineral resource research company () will receive a discount on around 500,000 kroner from the taxman

Trading in discoverie Group PLC's () fiscal third quarter continued to leave the group on track to meet the full-year expectations

GP operating properties () increased the dividend for 22 years when it dropped Brexit uncertainties. "Regardless of the final outcome and consequences of Brexit for the UK, it is unlikely to have a direct impact on the primary health care facilities. We invest in, "said Harry Hyman's CEO.

Regenerative Pharmaceutical Group () has signed a new license and Distribution Agreement for Knee Hooks ChondroMimetic with an Indonesian Partner.

Shefa Yamin (ATM) Ltd () has released the results of a bulk sample on Zone 2 in the Kishon Mid-Reach project in Israel.

Distinctive computer game production services provider () said 2018 was "another year of good organic growth and geographic expansion".

(LON: SCLP) said in its preliminary results that it has money to promote its pipeline of immunotherapy products.

() said there are no security or compliance issues with people participating in a test of the company's skin cream. Half of the 120 volunteers have undergone the trial process, with the study set to complete as expected during this quarter.

Cell therapy specialist () said new data will be presented demonstrating the possibility of increasing production of ReNeuron's CTX-derived exosomes. Exosomes are nanoparticles released by cells believed to play a key role in cell-to-cell communication.

A ban on rental costs from June will have less effect than expected on Belvoir Letting PLC (). Originally, Belvoir, which operates the UK's second largest rental network, predicts that the ban will hit 8% from gross profits.

IronRidge Resources Limited () has issued an update for its Cape Coast lithium portfolio in Ghana. The exploration firm said it had completed 4 684 meters of reverse circulation drilling at the Abonko target and the Eqoyaa lithium project that had returned visible spodum crosses to analyzes that were on hold.

() explores Novel Bacterial Topoisomerase Inhibitor (NBTI) options with other parties who are potentially interested in project licensing after Deinove said it has decided not to exercise its choice. The company said that the decision at Deinove follows a period of nine months of evaluation, where the group had the exclusive right to develop the program.

PLC () has said it is expected to make a profit throughout the full year period after having reduced losses in the first six months.

PLC () has sold a slug of the shares it owns in Aussie listed copper explorer MOD Resources worth £ 254,000.

Government Rare Earths Ltd () CEO Martin Eales believes that the mine worker now has a plan in place, taking his financial performance to break-even and beyond.

Acquisitive oiler (LON: DGOC) has confirmed that trading in recent weeks in 2018 "remains strong".

() said that after announcement of December 20, 2018, it appointed Antony Batty and Hugh Jesseman of Antony Batty & Company as joint administrators of the company with immediate effect. It is added that the purpose of the administration is to enable proper realization of its assets with a view to maximizing the value of creditors and shareholders and the possible survival of the company.

88 Energy Limited () (ASX: 88E) confirmed that the company's latest business presentation is now available on its website .

6.30: Predicted start assuming

FTSE 100 seems to be getting a delayed but positive start after posting a three-digit win on Wednesday.

The blue chip stock index opens eight points higher at 6,949.63, according to the scatter winners.

Wall Street closed high after climbing more than 400 points. was raised by bold comments from US Federal Reserve chief Jay Powell, who effectively kicked the interest rate down the road. His words had a positive positive impact on Asia's largest stock markets.

"The US central bank called down its language and dropped the phrase" further gradual increases "in relation to interest rate increases," said David Madden, analyst at CMC Markets.

"The Fed also said they would also be" patient " when it comes to hiking. "[19659006] Back here in the UK, it is set up for a busy day for scheduled news news updates from struggling telecom BT (), drinking maker Diageo (), Marmite owner Unilever () and oil Shell ().

Around the markets:

  • Pounds worth US $ 1,3126
  • Gold up USD 8.70 an ounce of US $ 1,324.2
  • Brent crude up 53 cents per barrel on US $ 63.18

City Headlines:

  • ] Financial Times ]
  • Gold Bank purchases at half-century high – Russia leads US dollar-changing reserves
  • eases investor woes with earnings surplus
  • British car factory development declines hit output five years
  • ] North reveals £ 5,000
  • ] North reveals £ 70bn High Speed ​​Rail Expansion – Fast Line from Liverpool to Newcastle at the Heart of 30 Years Infrastructure Upgrade
  • Times
  • Grant Thornton's Lack of Watching Patisserie Valerie & # 39; fraud & # 39; is extraordinary, MPs hear
  • Tesla's profits avoid impressing
  • 190 billion assets to Ireland
  • Daily Telegraph
  • post higher profits as sky sales jump [19659062] Drop in car production sets the industry on red notice
  • Guardian
  • Mystery offshore investor takes 20% stake in Evening Standard



Source link