U.K. Stocks Are Little Changed With FTSE 100 Nearing Bull Market
(Bloomberg) -- U.K. stocks were little changed, after a four-day rally took the benchmark FTSE 100 Index closer to a bull market.
Fresnillo Plc jumped 7.8 percent, leading miner gains, after silver rose above $21 for the first time in two years. Randgold Resources Ltd. added 3.8 percent as demand for precious metals as a haven after Brexit also boosted gold prices. Clarkson Plc plunged 22 percent after the shipping services provider saying 2016 profit will be lower than in the previous year.
The FTSE 100 added 0.1 percent at 8:45 a.m. in London, after earlier rising as much as 0.5 percent. The benchmark has climbed for 10 of the past 12 sessions, interrupted only by a two-day slide in the immediate aftermath of the U.K.'s shock vote to leave the European Union. With a weaker pound boosting exporters and commodity producers rallying, the gauge has rebounded 19 percent from its February low.
The volume of FTSE 100 shares changing hands was 20 percent lower than the 30-day average. U.S. markets are closed for the Independence Day holiday. The broader FTSE All-Share Index and Ireland's ISEQ Index were also little changed today.
To contact the reporter on this story: Namitha Jagadeesh in London at njagadeesh@bloomberg.net. To contact the editors responsible for this story: Cecile Vannucci at cvannucci1@bloomberg.net, Namitha Jagadeesh
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
