LONDON MARKETS: FTSE 100 Slips Toward Second Straight Loss, With Miners Under Pressure
2017年12月6日 - 8:47PM
Dow Jones News
By Carla Mozee, MarketWatch
EasyJet upgraded; pound falls below $1.34
U.K. stocks eased Wednesday, with London's blue-chips gauge on
course for a second straight loss in part as mining shares pulled
lower.
What markets are doing: The FTSE 100 index fell 0.1% to
7,322.41, but pared back a loss of as much as 0.5% as consumer
goods and services, oil and gas and utility shares turned higher.
But the basic materials and tech sectors lead other groups lower.
On Tuesday, the index shed 0.2%
(http://www.marketwatch.com/story/ftse-100-lifted-by-rising-supermarket-stocks-weaker-pound-2017-12-05)
for its fourth loss in five sessions.
The pound fell to $1.3379 from $1.3442 late Tuesday in New York.
Against the euro, sterling bought EUR1.1314, down from Tuesday when
the pound bought EUR1.1367.
What's moving markets: Stocks trading in London and across
Europe followed in the footsteps of losses Tuesday on Wall Street
(http://www.marketwatch.com/story/dow-looks-on-track-for-another-record-while-nasdaq-appears-set-to-fall-again-2017-12-05)
and in Asian markets, where tech shares contributed to a 2% slide
in Japan's Nikkei Average . Technology stocks globally have been
under pressure on worries that the retention of the corporate
alternative minimum tax, or AMT, in the U.S. Senate's version of
the Republicans' tax bill would hit tech companies harder than
others.
Read:European 'FANG' stocks? They exist, but here's why you
shouldn't buy them
(http://www.marketwatch.com/story/european-fang-stocks-they-exist-but-heres-why-you-shouldnt-buy-them-2017-11-27)
The House's version of its tax bill repealed the corporate AMT,
but in a last-minute switch before passing its bill early Saturday
morning, the Senate decided to keep the provision.
In London, shares of enterprise software company Micro Focus
International PLC (MCRO.LN) fell 2.7% and business software maker
Sage Group PLC (SGE.LN) was off 1.5%.
Read:Here's how violent the stock-market rotation out of tech
has been
(http://www.marketwatch.com/story/heres-how-violent-the-stock-market-rotation-out-of-tech-has-been-2017-12-05)
Also, mining stocks fell in the wake of a recent selloff in
copper prices . Analysts have said there are concerns about rising
inventories and the potential for slowing demand from China, which
makes up about half of global consumption for the industrial
metal.
Mining stocks make up an 88% weighting on the FTSE 100's basic
materials group, which in turn has a roughly 8% weighting on the
index, FactSet data show.
The pound moved to intraday lows after U.K. Brexit Secretary
David Davis reportedly said the government hasn't carried out any
economic assessment
(http://www.marketwatch.com/story/uk-hasnt-carried-out-assessment-of-brexits-economic-impact-davis-2017-12-06)
on how Britain's exit from the European Union will impact different
parts of the British economy. Davis said the government will
quantify the Brexit impact later in the process of Brexit
negotiations, as there would be no point in drawing up impact
assessments too early.
Also read:Terrorist plot to kill Theresa May thwarted by British
agents
(http://www.marketwatch.com/story/terrorist-plot-to-kill-theresa-may-thwarted-by-british-agents-2017-12-06)
Stock movers: Copper prices rose Wednesday following Tuesday's
slide of 4.7% on the Comex market, according to FactSet data.
London-listed mining stocks were losing ground, although they came
off session lows. Glencore PLC (GLEN.LN) and Antofagasta PLC
(ANTO.LN) each fell 0.7%, Rio Tinto PLC (RIO) (RIO) (RIO) gave up
0.6% and BHP Billiton PLC (BLT.LN) (BHP.AU) (BHP.AU) moved down
0.9%.
Hammerson PLC (HMSO.LN) fell 2.1% after the retail property
developer said Wednesday it's buying shopping center owner Intu
Properties (INTU.LN) for GBP3.4 billion ($4.6 billion). Intu shares
rallied 18%.
EasyJet PLC (EZJ.LN) was up 1.2%, with a ratings upgrade to
overweight from underweight at J.P. Morgan Cazenove. The discount
airline said it'll roll out German domestic routes from Berlin next
month, according to media reports.
Shares of Saga PLC (SAGA.LN) on the mid-cap FTSE 250 dropped 25%
after the travel and insurance company warned that it expects its
underlying profit growth
(http://www.marketwatch.com/story/saga-profit-lagging-on-monarch-collapse-headwinds-2017-12-06)
for its current financial year to be behind the previous year. It
cited more challenging insurance broking conditions and disruption
to its tour operations as reasons for the outlook.
The FTSE 250 fell 0.3% to 19,811.46.
(END) Dow Jones Newswires
December 06, 2017 06:32 ET (11:32 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
FTSE 100
指数チャート
から 3 2024 まで 4 2024
FTSE 100
指数チャート
から 4 2023 まで 4 2024