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Sector movers: Financials, insurers pace gains as interest rates rise

Thu, 09th Feb 2017 16:07

(ShareCast News) - Interest rate sensitive stocks such as life insurers and banks recovered some of their poise as government bond yields bounced back from their recent lows.Significantly, traders cited comments from US president Trump during the afternoon saying he would have "something phenomenal" on taxes over the next two to three weeks as a reason for the uptick in 'risk appetite'.Thus, as of 1638 GMT the yield on the benchmark 10-year US Treasury was moving higher by five basis points to 2.38%, alongside a bounce of three basis points to 1.24% for similarly-dated Gilts.Close behind were shares in the oil majors such as BP and Royal Dutch Shell as crude oil futures advanced.Miners on the other hand were knocked back as the US dollar continued to gain altitude again, acting as a drag on prices for precious metals.Copper futures were also lower, with March 2017 COMEX copper retreating 0.56% to $2.6515 a pound, even as workers at the largest copper mine in the world, Escondida, in Chile, made preparations to go on strike.Top performing sectors so far todayMobile Telecommunications 4,463.28 +1.47%Life Insurance 7,884.12 +1.32%Oil & Gas Producers 7,970.11 +1.29%Banks 4,375.83 +1.28%Forestry & Paper 19,313.05 +1.24%Bottom performing sectors so far todayGeneral Industrials 5,911.55 -1.60%Mining 16,165.33 -0.94%Food Producers & Processors 7,598.64 -0.84%Electronic & Electrical Equipment 5,234.22 -0.67%Industrial Engineering 10,891.08 -0.66%
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5 Jul 2016 14:16

Standard Life Investments Property Notes Independence From Open Fund

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5 Jul 2016 12:20

PRESS: Aviva Investors Suspends Property Fund Redemptions - FT

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5 Jul 2016 11:27

Bank of England eases rules for banks to meet Brexit challenge

* BoE reverses capital buffer decision of March * Carney says move represents "major change" * More time for insurers to adjust to EU rules * Osborne to meet bank CEOs on Tuesday * Signs of UK economic weakness after Brexit vote (Adds Carney comment, background) By

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5 Jul 2016 10:02

UPDATE 1-Bank of England eases rules for banks to meet Brexit challenge

(Adds market reaction, background) By David Milliken and Huw Jones LONDON, July 5 (Reuters) - The Bank of England took steps on Tuesday to ensure British banks keep lending and insurers do not dump corporate bonds in the "challenging" period that is likely to follow the country's vote

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5 Jul 2016 09:34

WINNERS & LOSERS SUMMARY: Consumer And Property Stocks Downgraded

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5 Jul 2016 09:30

UPDATE 2-Sterling skids to new 31-year low on Brexit fallout worries

By Jemima Kelly LONDON, July 5 (Reuters) - Sterling hit a fresh 31-year low against the dollar in risk-averse markets on Tuesday, as investors worried about the economic and financial fallout of Britain's vote to leave the European Union. The pound, the asset that has borne the brunt

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5 Jul 2016 09:12

Standard Life suspends trading of property fund after Brexit

(ShareCast News) - Standard Life Investments has suspended trading in its UK property fund after uncertainty surrounding markets in Britain after the country voted to leave the European Union last month. UK vote to leave EU led to volatile markets and international companies looking elsewhereThe sus

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5 Jul 2016 08:39

BROKER RATINGS SUMMARY: Jefferies And Liberum Downgrade UK Retailers

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5 Jul 2016 08:13

Sterling skids back towards 31-year low on Brexit fallout worries

By Jemima Kelly LONDON, July 5 (Reuters) - Sterling hit a 2-1/2-year low against the euro and traded less than a quarter-cent above a 31-year low against the dollar in risk-averse markets on Tuesday, as investors worried about the economic and financial fallout of Britain's vote to leave th

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5 Jul 2016 08:06

BUZZ-UK property companies fall on more signs of post-Brexit stress

** UK property companies and housebuilders fall after an asset write-down and suspension of a leading property fund cause concern ** Standard Life Investments has suspended trading in its unlisted UK real estate fund (one the country's largest) after previously writing down its value by 5 p

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5 Jul 2016 05:43

PRESS: Standard Life Forced To Halt UK Property Fund Redemptions - FT

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4 Jul 2016 21:48

WRAPUP 4-Exit stage right: UKIP leader Farage announces surprise departure

* Farage, face of opposition to EU, steps down as UKIP boss * Two more Conservatives launch bids to become PM * Andrea Leadsom gets backing of Boris Johnson to be PM * Law firm starts action to demand Parliament say on Brexit * Labour deputy leader to hold emergency talks

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30 Jun 2016 13:37

Property funds try to protect themselves against Brexit fallout

* M&G, Standard Life Investments, Henderson all act * Some lower fund value, others move to weekly pricing * Broader market redemption pressure seen modest By Simon Jessop LONDON, June 30 (Reuters) - Some of Britain's biggest property funds have cut the estimated value of

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29 Jun 2016 18:09

Wednesday broker round-up

(ShareCast News) - Petrofac: Jefferies upgrades to buy with a target price of 835p and Societe Generale stays at buy with a target price of 921p. Thomas Cook: JP Morgan keeps at neutral with a 101p target. Standard Life: HSBC keeps at buy with a target price of 360p and Barclays reiterates equal-we

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29 Jun 2016 13:06

PRESS: Qatar Airways Reportedly Considers Increasing Stake In IAG

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