We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBarclays Share News (BARC)

Share Price Information for Barclays (BARC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 203.45
Bid: 191.00
Ask: 206.00
Change: 0.00 (0.00%)
Spread: 15.00 (7.853%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 203.45
BARC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

GLOBAL MARKETS-British data prompts global bond sell-off; Wall Street falls

Thu, 27th Oct 2016 20:54

* Yields on global benchmark bonds push higher

* U.S. dollar hits 7-1/2-year peak vs Swedish crown

* U.S. stocks fall; Comcast drop offset by healthcare

* Oil rises on OPEC comments (Adds U.S. stocks close; updates throughout)

By Hilary Russ

NEW YORK, Oct 27 (Reuters) - Strong growth data out ofBritain prompted the biggest daily sell-off in government debtfor months and pushed yields on the world's benchmark bondshigher on Thursday, as expectations eased for a Bank of Englandinterest rate cut.

The bond sell-off gained momentum in the United States afterupbeat jobless claims data pointed to another robust nonfarmpayrolls number next week.

Wall Street closed lower, dipping in a choppy session afterthe latest round of earnings reports. Losses in Comcast andconsumer discretionary stocks offset gains in the healthcaresector, while European stocks slid and the U.S. dollar advancedagainst the Swedish crown and Japanese yen.

Official data showed that growth in Britain's economyslowed only slightly in the three months after it voted to exitthe European Union. It grew 0.5 percent between July andSeptember, a touch less than the second quarter's 0.7 percent,enough to temper fears about an immediate economic impactfollowing the Brexit decision.

Britain's 10-year gilt advanced to more thanfour-month highs, while German 10-year bund yields rose tofive-month peaks, lifting U.S. Treasury yields inthe process.

"The stronger (gross domestic data) print in the UK hasgiven further weight to speculation that the BoE will notprovide further stimulus any time soon," said Rabobankstrategist Richard McGuire.

In U.S. equity markets, investors took Qualcomm's deal to buy NXP Semiconductors for about $47billion as a sign of confidence, sending up shares of both.

Despite beating earnings estimates a day earlier, Comcast pulled the S&P and Nasdaq lower, paring some lossesafter falling as much as 2.7 percent following price target cutsfrom Barclays and Deutsche Bank.

The Dow Jones industrial average fell 29.65 points,or 0.16 percent, to 18,169.68, the S&P 500 lost 6.39points, or 0.3 percent, to 2,133.04 and the Nasdaq Composite dropped 34.29 points, or 0.65 percent, to 5,215.97.

Interest-rate sensitive sectors also struggled as bondyields rose. The S&P real estate sector was down 2.45percent and on track for its worst decline in five weeks whileutilities shed 0.53 percent.

Europe's STOXX 600 slipped 0.01 percent, withdefensive sectors such as healthcare and utilities providing thebiggest boost to the index, underscoring investor caution.

The MSCI all-country world stock index fell0.34 percent.

The U.S. dollar hit its highest in more than seven and ahalf years against the Swedish crown after dovish comments fromSweden's central bank, and a three-month high against the yen on expectations for a December Federal Reserve rate hike.

The dollar extended gains during the day, surging 1.82percent against the Swedish crown at 9.0696 crowns, aftertouching 9.0890, its highest since early March 2009.

Oil prices edged higher as commitments from Gulf OPECmembers to cut production assuaged some lingering doubts in themarket about cooperation from other producers.

Brent crude was up 49 cents, or 1 percent, at $50.47a barrel while U.S. West Texas Intermediate crude gained54 cents, or 1.1 percent, to $49.72. (Additional reporting by William Schomberg, Costas Pitas,Abhinav Ramnarayan and John Geddie in London and GertrudeChavez-Dreyfuss, Chuck Mikolajczak, Sam Forgione and Ethan Louin New York; Editing by Nick Zieminski and James Dalgleish)

More News
1 May 2024 14:50

Barclays to cut jobs in investment banking - reports

(Sharecast News) - Barclays has reportedly kicked off a fresh round of redundancies, cutting "a few hundred roles" at its investment bank as it looks to tackle underperformers and reinvest in new talent.

Read more
30 Apr 2024 20:30

GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source

NEW YORK April 29 (Reuters) -

Read more
29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
26 Apr 2024 16:35

London close: Stocks buoyed by banking, mining positivity

(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results from NatWest.

Read more
26 Apr 2024 16:19

European bank stocks at highest since 2015 after earnings boost

STOXX Europe 600 banks index highest since Oct. 2015

*

Read more
26 Apr 2024 09:45

NatWest profit falls less than feared ahead of state escape

First-quarter profit down 27% in competitive market

*

Read more
26 Apr 2024 09:33

LONDON BROKER RATINGS: Peel Hunt cuts ConvaTec to 'reduce'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
25 Apr 2024 16:57

LONDON MARKET CLOSE: FTSE 100 shakes off red-hot US inflation gauge

(Alliance News) - London's FTSE 100 outperformed on Thursday, enjoying a solid rise on largely well-received corporate earnings and a share price jump for miner Anglo American after it received a takeover bid from peer BHP.

Read more
25 Apr 2024 15:14

London close: Stocks finish mixed as US GDP growth slows

(Sharecast News) - London's stock markets finished with a mixed performance on Thursday, as investors digested a slower-than-expected GDP growth reading from the United States, while a slew of well-received earnings underpinned the top-flight index.

Read more
25 Apr 2024 11:00

Where are Wall Street's analyst notes on Trump's Truth Social?

NEW YORK, April 25 (Reuters) - Trump Media & Technology Group is one of the most actively traded U.S. stocks, yet Wall Street's equity analysts are staying clear.

Read more
25 Apr 2024 09:19

Barclays Q1 profit falls 12% as trading slump hits

Q1 profit of 2.3 bln pounds, just above forecasts

*

Read more
25 Apr 2024 08:36

TOP NEWS: Barclays first quarter profit falls but beats expectations

(Alliance News) - Barclays PLC on Thursday reported a fall in first quarter profits as a weak investment banking performance hindered performance.

Read more
25 Apr 2024 07:56

REPEAT: Miner Anglo American reviews takeover bid from rival BHP

(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.

Read more
25 Apr 2024 07:43

LONDON BRIEFING: Miner Anglo American eyes rival BHP takeover

(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.

Read more
25 Apr 2024 07:01

Barclays Q1 profits fall 12%

(Sharecast News) - Barclays Bank reported a 12% fall in first-quarter profit on lower income as customers shopped around for better savings rates and mortgage deals.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.