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 picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London close: FTSE falls on dollar dip, ex-divs and tendency to gold safety

Thu, 16th Feb 2017 17:00

(ShareCast News) - London equities limped to a lower close Thursday, pulled down by a trinity of factors including dollar weakness, a tendency to safe-haven gold and ex-dividend stocks.These combined to see the FTSE 100 down 0.34% to 7,277.92, and the FTSE 250 down -0.65%% to 18,705.72. Both ladders were lower from the get-go, with ample evidence to suggest at least some profiteers were scooping their gains.Falls of more than 1% by the FTSE 350 indices for aerospace & defence, oil & gas producers and automobiles & parts more than offset by gains from food producers and fixed-line telecoms.More broadly, on Wall St the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were all retreating, as were the Euro Stoxx 50, DAX and CAC 40 in Europe."At some points investors need to ask themselves how much the 'Trump Trade' is actually worth," said Michael Hewson, chief market analyst at CMC Markets UK."Is today the day when investors look at the gains seen since the 9th November and make a calculation as to how much is priced in relative to what President Trump can deliver?"It was a factor also being mulled by FXTM vice president of market research Jameel Ahmad.He noted investors were being enticed towards gold -- up 0.74% to $1242.2 an ounce at 16:16 GMT -- regardless of US stock markets maintaining their positions around record levels."Of course dollar weakness helps gold, but I am just wondering if investors are hedging towards the precious metal as a result of questions remaining in the background as to whether this stock-market rally can really continue," Ahmad pondered.Oanda's Craig Erlam said the recent highs seen in equities markets appeared to be the trigger for some profit taking."There's also been a lot of economic data to take on board over the last couple of days but in the main, this has supported the hawkish argument with CPI inflation exceeding expectations and being above the Fed's inflation target and retail sales also outperforming," he said.Also at 16:16 GMT, West Texas Intermediate was down 0.4% to $52.90 a barrel, while Brent was down 0.65% to $55.39 a barrel.In terms of UK blue chips, AstraZeneca led the fallers as it, BP, Shell and Imperial Brands were among those ex-dividend.Several banks and insurers eased, too, with both residential and commercial property outfits retreating throughout the course of the session.Among these stocks were Standard Chartered, Royal Bank of Scotland, RSA Insurance, Legal & General, British Land and Barratt Developments.There were no major UK data releases due on Thursday. In the US, data showed that US housing starts fell in January, while other numbers revealed manufacturing conditions in the Philadelphia region unexpectedly improved in February.Finally, US initial jobless claims were up a less-than-expected 5000 to 239,00 last week, from the previous week's unrevised level. Analysts had expected claims to jump to 245,000.Market MoversFTSE 100 (UKX) 7,277.92 -0.34%FTSE 250 (MCX) 18,705.72 -0.65%techMARK (TASX) 3,336.52 -0.63%FTSE 100 - RisersCoca-Cola HBC AG (CDI) (CCH) 1,912.00p 4.88%Shire Plc (SHP) 4,763.00p 3.79%Smurfit Kappa Group (SKG) 2,203.00p 2.04%Associated British Foods (ABF) 2,568.00p 1.62%Capita (CPI) 515.00p 1.48%GlaxoSmithKline (GSK) 1,617.00p 1.41%Hikma Pharmaceuticals (HIK) 2,015.00p 1.36%Experian (EXPN) 1,597.00p 1.27%Compass Group (CPG) 1,448.00p 1.12%InterContinental Hotels Group (IHG) 3,875.00p 1.07%FTSE 100 - FallersAstraZeneca (AZN) 4,524.50p -3.41%Royal Dutch Shell 'A' (RDSA) 2,123.00p -2.19%Royal Dutch Shell 'B' (RDSB) 2,225.50p -2.15%Antofagasta (ANTO) 848.50p -2.02%BP (BP.) 448.40p -2.00%Anglo American (AAL) 1,369.50p -1.83%Rolls-Royce Holdings (RR.) 693.50p -1.56%Hargreaves Lansdown (HL.) 1,362.00p -1.38%Johnson Matthey (JMAT) 3,072.00p -1.35%Convatec Group (CTEC) 233.20p -1.31%FTSE 250 - RisersLancashire Holdings Limited (LRE) 740.00p 8.74%OneSavings Bank (OSB) 378.50p 3.05%Shawbrook Group (SHAW) 267.50p 2.88%Acacia Mining (ACA) 533.00p 2.60%Aldermore Group (ALD) 233.50p 2.32%Pets at Home Group (PETS) 185.10p 2.04%Hochschild Mining (HOC) 274.30p 1.74%Daejan Holdings (DJAN) 6,565.00p 1.55%Electrocomponents (ECM) 494.90p 1.41%Card Factory (CARD) 253.40p 1.16%FTSE 250 - FallersCobham (COB) 114.70p -15.29%IP Group (IPO) 168.60p -7.31%Drax Group (DRX) 359.00p -5.28%SIG (SHI) 107.90p -4.34%CLS Holdings (CLI) 1,617.00p -3.58%PayPoint (PAY) 965.00p -3.50%Brewin Dolphin Holdings (BRW) 305.80p -3.38%Millennium & Copthorne Hotels (MLC) 428.50p -3.14%Kaz Minerals (KAZ) 571.00p -3.06%Petra Diamonds Ltd.(DI) (PDL) 149.20p -2.99%
More News
27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

Read more
21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

Read more
15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, part of an ongoing retreat of long-time producers from the ageing basin.

Read more
7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating the firm was "on a roll".

Read more
31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

Read more
31 Jan 2022 07:48

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

Read more
28 Jan 2022 11:25

Shell's renewables boss steps down after less than two years

* Elisabeth Brinton leaves for new role, she says* Shell creates two new renewables leadership roles* Thomas Brostrøm to head renewables generation* Steve Hill to head energy marketingBy Ron BoussoLONDON, Jan 28 (Reuters) - Shell's head of renewable...

Read more
27 Jan 2022 16:14

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
26 Jan 2022 17:02

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

Read more
26 Jan 2022 14:36

China's Sinopec awards fewer cargoes in recent LNG tender

By Chen Aizhu and Marwa RashadSINGAPORE/LONDON, Jan 26 (Reuters) - Unipec, the oil and gas trading arm of China's Sinopec Corp has awarded fewer-than-planned cargoes in a recent tender to sell up to 45 cargoes of liquefied natural gas for 2022 del...

Read more
26 Jan 2022 12:16

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

Read more
26 Jan 2022 09:33

UPDATE 2-Commodity, bank stocks lead FTSE 100 higher; Playtech drops

* Oil and banking shares top gainers* Wizz Air reports Q3 loss, expects improvement in spring* FTSE 100 up 1.3%, FTSE 250 add 1.1% (Updates to market close)By Shashank Nayar and Ambar WarrickJan 26 (Reuters) - London's FTSE 100 rose on Wednesday wit...

Read more
26 Jan 2022 09:12

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

Read more
25 Jan 2022 21:13

UPDATE 1-U.S. awards 13 mln barrel exchange of crude from strategic reserve

(Adds details on sale, background on 50 million barrel SPR plan)WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to ...

Read more
25 Jan 2022 20:10

U.S. awards exchange of 13 mln barrels of crude from strategic reserve

WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to seven companies.The companies are Shell Trading US, 4.2 million ...

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.