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Weaker pound, retail stocks boosts FTSE 100; Mid-caps end best day in two-weeks;
Published at 22/04/2021 at 17:35 -
Solid earnings boost European stocks as ECB stands pat
Published at 22/04/2021 at 17:22 -
FTSE 100 rises on miners, industrials boost; Rentokil Initial slumps
Published at 22/04/2021 at 08:22 -
European shares extend gains on upbeat Nestle, Volvo earnings
Published at 22/04/2021 at 08:17 -
UK Stocks-Factors to watch on April 22
Published at 22/04/2021 at 07:52 -
UK Stocks-Factors to watch on April 22
Published at 22/04/2021 at 06:17 -
FTSE 100 ends higher on AstraZeneca, oil stock boost; Just Eat Takeaway slumps
Published at 21/04/2021 at 17:29 -
European shares rebound on strong earnings, M&A speculation boosts Hugo Boss
Published at 21/04/2021 at 17:17 -
FTSE 100 rises on boost from BP, Shell; Just Eat Takeaway slumps
Published at 21/04/2021 at 08:23 -
European stocks bounce back as ASML outlook lifts tech sector
Published at 21/04/2021 at 08:20
Forex News
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FOREX-U.S. dollar perks up after ECB policy talk cools euro
Published at 22/04/2021 at 20:53 -
FOREX-Euro and U.S. dollar waffle as markets weigh ECB policy talk
Published at 22/04/2021 at 15:52 -
FOREX-Euro inches higher ahead of ECB meeting, dollar languishes
Published at 22/04/2021 at 12:09 -
FOREX-Euro tiptoes higher ahead of ECB meeting
Published at 22/04/2021 at 09:12 -
FOREX-Dollar near multi-week lows as yield support fades, euro eyes ECB
Published at 22/04/2021 at 06:17 -
FOREX-Dollar loses bond yield support, euro looks to ECB for inspiration
Published at 22/04/2021 at 03:24 -
FOREX-Dollar stalls as yield gains slow, focus shifts to ECB
Published at 22/04/2021 at 02:03 -
FOREX-U.S. dollar losses bounce after Canada tips toward higher rates
Published at 21/04/2021 at 21:00 -
FOREX-U.S. dollar losses bounce after Canada tips toward higher rates
Published at 21/04/2021 at 17:51 -
FOREX-Dollar firm as COVID-19 resurgence dampens risk appetite
Published at 21/04/2021 at 15:25
Market News
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Oil steady as Libya output decline offsets risks to Asian demand
Published at 22/04/2021 at 20:47 -
PRECIOUS-Gold slips 1% as stronger U.S. dollar weighs
Published at 22/04/2021 at 19:15 -
PRECIOUS-Gold slips from 2-month peak, palladium holds near record high
Published at 22/04/2021 at 13:20 -
PRECIOUS-Gold nears $1,800 level as U.S. dollar, yields lose ground
Published at 22/04/2021 at 08:25 -
Oil falls 3rd day on U.S. stock build, surging COVID-19 cases
Published at 22/04/2021 at 03:04 -
PRECIOUS-Gold hovers near eight-week high on easing U.S. dollar, yields
Published at 22/04/2021 at 02:37 -
Oil prices drop 2% on U.S. crude build, COVID-19 surge in India
Published at 21/04/2021 at 22:33 -
PRECIOUS-Supply woes push palladium to record high, gold up more than 1%
Published at 21/04/2021 at 18:54 -
PRECIOUS-Gold gains as easing U.S. Treasury yields boost appeal
Published at 21/04/2021 at 14:04 -
PRECIOUS-Gold gains as softer U.S. dollar, yields lift appeal
Published at 21/04/2021 at 08:11
UPDATE 2-FTSE 100 marks weakest day in four months as bond rout deepens
Published at
26/02/2021 at 17:10
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
* British Airways owner rises despite reporting annual loss
* Miners, oil producers lead declines
* FTSE 100 down -2.5%, FTSE 250 off 1.4%
(Updates to close)
By Shivani Kumaresan and Amal S
Feb 26 (Reuters) - The export-heavy FTSE 100 marked its weakest session since late-October on Friday, snapping three straight weeks of gains as a broader sell-off in bonds spread to global equities.
The FTSE 100 slipped 2.5%, tracking losses in Europe and Asia as surging bond yields sparked fears of higher interest rates despite assurances to the contrary by the world's major central banks.
Mining stocks including Rio Tinto , Anglo American
, and BHP , were the biggest drags on the index, while oil heavyweights BP and Royal Dutch Shell fell tracking a fall in oil and metal prices.
"As the UK 10-year Gilt yield reaches 0.75%, the UK's borrowing costs look like they are about to break a 25-year downtrend at a particularly inconvenient time, something that will have Boris Johnson and Rishi Sunak a little on edge," said Russ Mould, director at AJ Bell Investment.
The FTSE 100 lost its momentum through February, gaining only 1.2% for the month as gains in major mining, energy and banking stocks on expectations of a vaccine-led economic recovery were offset by concerns over a quicker-than-expected spike in inflation causing a tightening of monetary policy.
Bank of England Chief Economist Andy Haldane warned that an inflationary "tiger" had woken up and could prove difficult to tame as the economy recovers from the COVID-19 pandemic, potentially requiring the BoE to take action.
British finance minister Rishi Sunak, who is trying to steer the economy through a third coronavirus lockdown before an expected recovery later this year, looks set to rely heavily on the debt markets again when he announces a budget plan on March 3.
The domestically focused mid-cap FTSE 250 index fell 1.4%, led by declines in industrials and consumer discretionary stocks.
British Airways owner IAG gained around 3% despite marking a 7.43 billion euro ($9 billion) loss last year and warning it could not say when normal flying conditions would return.
(Reporting by Shivani Kumaresan and Amal S in Bengaluru; editing by Uttaresh.V and Hugh L)
((Shivani.Kumaresan@thomsonreuters.com; +1 646 223 8780;))
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