Roundtable Discussion; The Future of Mineral Sands. Watch the video 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 lifted by US jobs and ECB meeting

Thu, 03rd Jul 2014 16:59

- FTSE 100 closes up 48.84 points at 6,865.21 - Non-farm payrolls provide reassurance- ECB maintains policytechMARK 2,852.06 +0.69%FTSE 100 6,865.21 +0.72%FTSE 250 16,028.96 +0.83%Stocks climbed to a positive finish after making fairly steady gains throughout what was a session packed full with economic data, the highlight of which was US non-farm payrolls figures and the European Central Bank's (ECB) meeting. The FTSE 100 closed up 48.84 points at 6,865.21. Chris Beauchamp, Market Analyst at IG, said: "The non-farms number smashed expectations, allaying all concerns about the US economy in the second quarter, while a drop back in the unemployment rate was a further positive sign."The ECB did its bit too, reassuring on interest rates and offering enough hints about quantitative easing to keep the market happy."Non-farm payrolls jump 288k as jobless rate drops to 6.1%The US economy added an impressive 288,000 jobs in June, according to the Bureau of Labor Statistics, while the unemployment rate dropped to its lowest mark in over five and a half years.The consensus estimate was for non-farm payrolls to rise by just 215,000, though analysts had widely expected figures to beat forecasts after a much higher-than-expected reading of private-sector payrolls by ADP Research Institute.Meanwhile, initial weekly US jobless claims ticked up last week, but continued to show a broad improvement in the labour market.Numbers of Americans filing for unemployment benefits rose 2,000 to 315,000 in the week ended June 28th, according to the Department of Labor.The consensus estimate was for a reading of 313,000, while the previous week was revised up by 1,000 to 313,000.ECB decides to maintain policyThe ECB decided to keep interest rates at a record low of 0.15% after making a cut last month to address weak inflation and a stagnant recovery.The monetary authority also maintained the deposit rate at -0.10% after taking it into negative territory for the first time in the history of any major central bank at its last meeting.UK service sector expands in JuneBack on this side of the Channel, the UK services industry continued to expand last month, although growth slowed to a three-month low, reinforcing expectations of an interest rate hike this year.The services purchasing managers' index (PMI) from Markit and Chartered Institute of Purchasing & Supply (CIPS) showed a reading of 57.7 in June, down from May's 58.6 and below expectations of 58.3, but still above the 50 threshold signalling growth.Berenberg Bank Chief UK Economist Rob Wood said the figures should result in a rate hike in November, which he described as "a key risk to the rosy outlook".He added: "Rate hikes rising up the agenda has the potential to cause some minor wobbles in sentiment indicators over the next few months, but we do not expect a very small interest rate hike to derail what is looking like an increasingly solid recovery."Meanwhile, soaring house prices pose the biggest risk to the UK economic recovery, the Bank of England (BoE) has said.A sustained rise in prices outstripping people's incomes risks fuelling households' debt and sparking another crash, the BoE's Deputy Governor Jon Cunliffe told the BBC.Sports Direct leads risersSports apparel retailer Sports Direct was also rising strongly after shareholders yesterday narrowly voted through a bonus scheme that will see founder Mike Ashley receive £200m in shares.Antofagasta was boosted by reports that the group is to cut jobs and costs as it combines its El Tesoro and Esperanza mines under a new company. A director from the board said in an interview with Bloomberg yesterday that the mines, located in the Centinela region of Chile, will come under one management from next week. Fresnillo and Anglo American were also putting in decent gains this afternoon. Weir Group was lifted by RBC Capital, which reiterated its 'buy' rating on the engineering giant. Meanwhile, the oil sector tracked prices lower, with Shell and BP sat at the bottom of the pile, BG Group was hit by lower gas futures. FTSE 100 - RisersSports Direct International (SPD) 769.00p +5.63%Antofagasta (ANTO) 820.00p +4.93%Imperial Tobacco Group (IMT) 2,698.00p +3.81%Fresnillo (FRES) 933.50p +3.21%Weir Group (WEIR) 2,708.00p +2.93%Anglo American (AAL) 1,525.00p +2.69%ITV (ITV) 183.70p +2.63%Ashtead Group (AHT) 934.50p +2.19%Sainsbury (J) (SBRY) 321.00p +2.13%CRH (CRH) 1,555.00p +2.10%FTSE 100 - FallersCoca-Cola HBC AG (CDI) (CCH) 1,336.00p -1.26%Royal Dutch Shell 'A' (RDSA) 2,404.00p -1.07%Land Securities Group (LAND) 1,049.00p -0.85%BP (BP.) 516.90p -0.56%Royal Dutch Shell 'B' (RDSB) 2,546.50p -0.51%BT Group (BT.A) 388.90p -0.49%Royal Mail (RMG) 477.00p -0.44%National Grid (NG.) 853.50p -0.41%Capita (CPI) 1,163.00p -0.34%Tullow Oil (TLW) 847.00p -0.29%FTSE 250 - RisersOcado Group (OCDO) 440.00p +8.96%Man Group (EMG) 113.80p +6.06%Halfords Group (HFD) 500.00p +5.00%Ferrexpo (FXPO) 138.60p +4.29%Drax Group (DRX) 688.00p +4.24%Just Retirement Group (JRG) 154.40p +4.11%Poundland Group (PLND) 341.90p +4.02%Berendsen (BRSN) 1,029.00p +3.94%Fidessa Group (FDSA) 2,243.00p +3.84%Pace (PIC) 367.70p +3.81%FTSE 250 - FallersBalfour Beatty (BBY) 222.50p -4.51%EnQuest (ENQ) 135.80p -4.10%Greene King (GNK) 816.50p -3.60%Hays (HAS) 146.70p -2.91%Pets at Home Group (PETS) 199.80p -2.06%Wetherspoon (J.D.) (JDW) 795.50p -1.79%Fisher (James) & Sons (FSJ) 1,370.00p -1.79%Enterprise Inns (ETI) 127.80p -1.69%Marston's (MARS) 144.60p -1.63%Spirent Communications (SPT) 95.80p -1.54%NR
More News
17 Jan 2022 10:06

Crown Estate Scotland offers 17 projects seabed rights for offshore wind

LONDON, Jan 17 (Reuters) - Crown Estate Scotland said on Monday it has made option agreements to 17 projects which reserve the rights to specific areas of seabed in its ScotWind leasing round which is aimed at supporting wind energy development.O...

Read more
17 Jan 2022 09:20

UPDATE 2-FTSE 100 hits two-year high as GSK boosts

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Unilever worst performer on the FTSE 100* Homebuilders gain as UK home prices soar in early 2022* Taylor Wimpey expects annual results in-l...

Read more
14 Jan 2022 17:48

UPDATE 1-Alberta prioritises oil sands' carbon storage hub, energy minister says

(Adds more details on CCUS)By Nia WilliamsCALGARY, Alberta, Jan 14 (Reuters) - The government of Alberta, Canada's main oil-producing province, plans to move forward "very, very quickly" on its next carbon sequestration hub in the Cold Lake region...

Read more
14 Jan 2022 13:56

UPDATE 1-Brazil's Petrobras trims 2022-2026 production outlook

(Recasts with details, context)SAO PAULO, Jan 14 (Reuters) - Petroleo Brasileiro SA (Petrobras) on Friday lowered its 2022-2026 production outlook to reflect production-sharing agreements involving the Atapu and Sepia oilfields.Brazil's state-run ...

Read more
14 Jan 2022 11:57

For BP, car chargers to overtake pumps in profitability race

* BP focusing on fast battery chargers, executives says* Fast chargers almost as profitable as petrol filling* BP and rivals targeting big growth in EV chargingBy Ron BoussoLONDON, Jan 14 (Reuters) - BP says its fast electric vehicle chargers are on...

Read more
14 Jan 2022 09:55

LONDON BROKER RATINGS: Exane BNP cuts BAE Systems and Rolls-Royce

LONDON BROKER RATINGS: Exane BNP cuts BAE Systems and Rolls-Royce

Read more
13 Jan 2022 18:49

Shell to hand over Deer Park refinery to Pemex next week -sources

By Ana Isabel MartinezMEXICO CITY, Jan 13 (Reuters) - Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday.Royal Dutch S...

Read more
13 Jan 2022 09:50

Shell seismic tests approval complied with rules, S.Africa minister says

JOHANNESBURG, Jan 13 (Reuters) - Shell's plan for seismic testing on South Africa's Wild Coast, which critics say threatens dolphins, seals, whales, penguins and other rare sea life, received all necessary environmental approvals, the country's e...

Read more
13 Jan 2022 06:49

UPDATE 3-Activists behind Shell climate verdict target 30 multinationals

* KLM, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to move (Adds company responses)By Anthony Deutsch and Simon JessopAMSTERDAM/LONDON, Jan 13 (Reuters) - The Dutc...

Read more
13 Jan 2022 06:49

UPDATE 2-Activists behind Shell climate verdict target 30 multinationals

* KLM, Ahold, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to move (Adds other companies receiving letters; edits)By Anthony Deutsch and Simon JessopAMSTERDAM/LONDO...

Read more
13 Jan 2022 03:00

Activists behind Shell climate verdict target 30 multinationals

* KLM, Ahold, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to moveBy Anthony Deutsch and Simon JessopAMSTERDAM/LONDON, Jan 13 (Reuters) - The Dutch wing of environm...

Read more
12 Jan 2022 06:43

UPDATE 4-Equinor warns of $1.8 bln UK oilfield impairment

* Mariner field is producing less oil than expected* Reserve estimate downgraded* Operator Equinor holds a 65% stake (Adds partners comment, background)By Terje Solsvik and Nerijus AdomaitisOSLO, Jan 12 (Reuters) - Norwegian energy group Equinor wa...

Read more
10 Jan 2022 12:16

Thyssenkrupp IPO candidate UCE to build 200 MW electrolyser for Shell

FRANKFURT, Jan 10 (Reuters) - Thyssenkrupp's hydrogen unit Uhde Chlorine Engineers (tkUCE), which the German conglomerate plans to list in spring, has signed a deal to deliver a 200-megawatt electrolyser to oil major Shell, it said on Monday.The ...

Read more
7 Jan 2022 09:28

LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

Read more
7 Jan 2022 09:12

LONDON MARKET OPEN: "Apprehensive" trade as investors look to nonfarms

LONDON MARKET OPEN: "Apprehensive" trade as investors look to nonfarms

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.