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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 697.00
Bid: 697.10
Ask: 697.20
Change: 0.50 (0.07%)
Spread: 0.10 (0.014%)
Open: 694.00
High: 703.20
Low: 688.40
Prev. Close: 696.50
HSBA Live PriceLast checked at -

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London open: Stocks slip as investors await US jobs data

Fri, 07th Mar 2014 08:28

- Markets await non-farm payrolls- 150k gain expected by analysts, jobless rate to hold steady- Lack of corporate earnings- HSBC, Vodafone fall on broker commentstechMARK 2,873.63 -0.48%FTSE 100 6,766.04 -0.33%FTSE 250 16,620.60 -0.31%UK markets opened slightly lower on Friday morning ahead of key economic data from the States, with investors awaiting the official US employment report for February.With a lack of major corporate earnings out today, markets were digesting negative broker commentary surrounding heavyweights HSBC and Vodafone this morning, while Aggreko was pulling back after a strong rise the day before.The FTSE 100 was down 0.3% at 6,766 in early trading.Analysts expect the Labor Department's non-farm payrolls data to show that US employers added 150,000 jobs last month, up from the measly 113,000 gain in January, though the jobless rate is forecast to hold at 6.6%.Despite the pick-up in growth month-on-month, the 150,000 increase is still markedly less than what analysts and policymakers are hoping for in light of the Federal Reserve's tapering of monetary stimulus.Chris Beauchamp, Market Analyst at IG, said: "The look forward to non-farm payrolls is not particularly optimistic, given the weak ADP report [on Wednesday] and knowledge that the implications of difficult weather in February is that job creation may well be weak."On a positive note, data yesterday showed that US jobless claims dropped by 26,000 to a three-month low of 323,000. The figure came in lower than analysts' forecasts, pushing the benchmark S&P 500 to another record high last night.HSBC, Vodafone fall after broker commentsBanking giant HSBC was lower this morning after Goldman Sachs removed the stock from its 'conviction buy' list and cut its target price from 900p to 740p. Goldman said that uncertainties remain over regulatory capital requirements at the bank , which is "likely to push additional capital returns further into the future".Telecoms firm Vodafone was also down after Bank of America Merrill Lynch reportedly removed the stock from its 'Europe 1' list. Sentiment in the sector was also dampened after Telecom Italia scrapped its dividend as it reported a full-year net loss of €674m.Temporary power group Aggreko was retreating after a 3.5% gain on Thursday after it confirmed that it would return £200m in capital to shareholders alongside its 2013 results. In contrast, insurance firm Aviva was continuing to rise despite an 8% surge yesterday as investors continued to celebrate a better-than-expected set of annual figures.Postal and delivery firm Royal Mail after JPMorgan Cazenove lifted its target price from 700p to 765p, keeping an 'overweight' rating.FTSE 100 - RisersAviva (AV.) 513.50p +1.88%Coca-Cola HBC AG (CDI) (CCH) 1,527.00p +0.99%Royal Mail (RMG) 594.00p +0.85%BT Group (BT.A) 405.60p +0.42%Carnival (CCL) 2,385.00p +0.42%Reed Elsevier (REL) 928.50p +0.38%Prudential (PRU) 1,379.00p +0.36%Hargreaves Lansdown (HL.) 1,375.00p +0.36%Mondi (MNDI) 1,111.00p +0.36%Old Mutual (OML) 199.50p +0.30%FTSE 100 - FallersBurberry Group (BRBY) 1,498.00p -1.83%Smith & Nephew (SN.) 929.50p -1.48% Group (VOD) 244.05p -1.31%BAE Systems (BA.) 408.20p -1.28%Marks & Spencer Group (MKS) 490.50p -1.27%Persimmon (PSN) 1,399.00p -1.27%RSA Insurance Group (RSA) 97.40p -0.92%Next (NXT) 6,625.00p -0.90%Rio Tinto (RIO) 3,281.50p -0.88%Aggreko (AGK) 1,614.00p -0.86%FTSE 250 - RisersKeller Group (KLR) 1,156.00p +2.66%Oxford Instruments (OXIG) 1,389.00p +2.13%Countrywide (CWD) 677.00p +1.58%Fenner (FENR) 440.40p +1.01%Senior (SNR) 293.90p +1.00%Computacenter (CCC) 686.50p +0.96%Centamin (DI) (CEY) 58.55p +0.95%Wetherspoon (J.D.) (JDW) 835.00p +0.85%ICAP (IAP) 440.50p +0.85%Kenmare Resources (KMR) 15.73p +0.83%FTSE 250 - FallersPerform Group (PER) 270.90p -4.00%ITE Group (ITE) 239.20p -2.76%AL Noor Hospitals Group (ANH) 858.00p -2.50%African Barrick Gold (ABG) 312.00p -2.50%Essar Energy (ESSR) 73.20p -2.40%Imagination Technologies Group (IMG) 176.00p -2.22%Petra Diamonds Ltd.(DI) (PDL) 156.30p -1.88%Intu Properties (INTU) 316.00p -1.86%NMC Health (NMC) 519.50p -1.80%Synthomer (SYNT) 264.70p -1.74%BC
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