focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

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
Get Live Data
Share Price: 697.40
Bid: 697.00
Ask: 697.40
Change: -4.30 (-0.61%)
Spread: 0.40 (0.057%)
Open: 707.00
High: 714.60
Low: 685.00
Prev. Close: 701.70
HSBA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Precious metals miners jump as Fed rate hike calls pushed back

Fri, 06th May 2016 19:01

(ShareCast News) - Precious metals miners and engineers gained the most in the wake of a US jobs report for April that saw several of the world's largest brokers push back their forecasts for the timing of the US Federal Reserve's next interest rate hike in 2016 to September and the greenback weaken.As 18:43 BST the US dollar spot index was only lower by 0.08% to 93.71, but that was enough to push COMEX-traded gold futures for delivery in June higher by 1.72% to $1,294.20 per troy ounce. In parallel, stock in Randgold Resources (6.57% to 6,165p) and Fresnillo (+6.16% to 1,103.0p) were set right to the top of the leaderboard for the Footsie.Centamin shot 9.26% higher in tandem to 121.5p - a fresh 52-week high - on the second-tier index.Interest rate sensitive stock such as real estate investment trusts also did well, as did some of the highest yielding stocks on the Footsie, such as Pearson.US non-farm payrolls increased by 160,000 in April, moderately below the 200,000 person gain which analysts had penciled in. Furthermore, estimates for the previous two months of data were revised lower by a combined 19,000."On net, the softening in April payroll growth, led by the service-providing sector, will likely raise concerns over the sustainability of US growth."We now only expect one rate hike in 2016, in September, down from two hikes previously, as we believe it will take longer for policymakers to accumulate sufficient evidence that economic and labor market activity is rebounding after a soft start to the year," Michael Gapen, Rob Martin and Jesse Hurwitz at Barclays said in a research report sent to clients."If the economy improves along the lines of our baseline forecast, there is a risk of a second rate hike this year in December" they added.Shares in aero-engine and power systems manufacturer Rolls Royce also got a leg up from news that finance chief David Smith had picked up almost £40,000-worth of shares on the previous day.Shares in financial services firms were weaker despite that push-back on Fed rate hike expectations, although it was shares of Asia-focused lenders such as StanChart and HSBC which acted as the biggest drag.Lenders over in the States were trading slightly in the green in the aftermath of the jobs report.Inmarsat also weighed on its sector as markets brought the provider of satellite telecommunications services into a lower orbit a day after it warned on revenues.Top performing sectors so far todayIndustrial Engineering 7,942.63 +2.22%Aerospace and Defence 4,088.23 +1.98%Electricity 8,819.69 +1.75%Mining 9,436.06 +1.37%Real Estate Investment Trusts 3,127.28 +1.00%Bottom performing sectors so far todayFixed Line Telecommunications 5,049.36 -1.54%Technology Hardware & Equipment 1,147.99 -1.16%Financial Services 8,480.44 -0.95%Industrial Metals & Mining 1,287.23 -0.83%Pharmaceuticals & Biotechnology 12,023.73 -0.64%
More News
30 Aug 2023 12:19

40-year mortgage terms now offered by HSBC UK

(Alliance News) - HSBC Holdings PLC's HSBC UK is offering 40-year mortgages to help people on to or up the property ladder.

Read more
29 Aug 2023 17:27

European shares at two-week high; UK's FTSE 100 outperforms

U.S. job openings data boosts Fed pause bets

*

Read more
29 Aug 2023 12:51

China's Ping An Insurance first-half profit falls 1.2%, retail business weakens

HONG KONG/BEIJING, Aug 29 (Reuters) - Ping An Insurance (Group) Co of China Ltd on Tuesday reported a 1.2% drop in first-half net profit.

Read more
29 Aug 2023 09:27

LONDON BROKER RATINGS: UBS cuts HSBC; Barclays cuts SDCL Energy

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

Read more
29 Aug 2023 07:49

LONDON BRIEFING: Bunzl profit up; Rio Tinto sells copper project stake

(Alliance News) - Stocks in London are called to open higher on Tuesday, following a long bank holiday weekend.

Read more
27 Aug 2023 11:37

Saudi Arabia healthcare group Fakeeh Care weighs IPO, appoints HSBC - sources

DUBAI, Aug 27 (Reuters) - Saudi Arabia's Fakeeh Care, one of the largest private hospital groups in the kingdom, is considering selling a 30% stake through an initial public offering (IPO), two sources with knowledge of the matter told Reuters.

Read more
21 Aug 2023 09:24

LONDON BROKER RATINGS: Jefferies raises HSBC price target

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

Read more
21 Aug 2023 07:43

LONDON BRIEFING: Crest Nicholson lowers annual profit forecast

(Alliance News) - Stocks in London are called flat on Monday, with little in the way of economic data or company updates to reignite risk appetite.

Read more
18 Aug 2023 17:34

European shares sink to lowest in six weeks, China woes loom large

China-exposed firms fall on growth concerns

*

Read more
18 Aug 2023 10:22

UK banking stocks are undervalued, says Shore Capital

(Sharecast News) - Shore Capital has reiterated its 'buy' ratings on six UK-listed banking stocks, saying the market is currently pricing in a "far worse outlook".

Read more
17 Aug 2023 22:30

Britain makes access to fee-free cash machine a legal right

LONDON, Aug 17 (Reuters) - Nearly everyone in Britain will remain within three miles (4.8 km) of a cash machine that does not charge fees despite the dwindling use of notes and coins, the finance ministry said on Thursday.

Read more
16 Aug 2023 17:33

European shares fall on mounting China worries, banks lag

UK inflation data weighs on FTSE 100

*

Read more
16 Aug 2023 16:55

LONDON MARKET CLOSE: FTSE falls on rate fears and niggling China worry

(Alliance News) - Stock prices in London closed lower on Wednesday, with interest rate-sensitive stocks on the back foot, as a robust core inflation reading poured cold water on hope of a Bank of England pause.

Read more
15 Aug 2023 17:29

Sweden, UK lead European shares lower on rate-hike fears

China-exposed firms drop after weak economic data

*

Read more
14 Aug 2023 17:30

European shares gain on healthcare boost; miners, energy lag

Miners, energy stocks top sectoral losers

*

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.