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Tighter Chinese Monetary Policy Dents Miners

News - Wednesday, January 20, 2010

Reports that the authorities in Beijing had instructed major banks to stop lending from the next 10 days or so in an attempt to cool an overheating economy depressed demand outlook and risk appetite amongst investors on Wednesday morning, ahead of Chinese fourth quarter GDP figures due to be released on Thursday. Shortly after midday the FTSE 100 was down 50.79 points or 0.9% at 5,462.35 having rallied to close up 18.75 points or 0.3% at 5,513.14 on Tuesday.

Burberry and Cadbury Lead FTSE Revival

News - Tuesday, January 19, 2010

London equities recovered from a disappointing morning in afternoon trading on Tuesday with confectioner Cadbury and luxury fashion label Burberry leading the charge. The FTSE 100 index closed up 18.75 points or 0.3% at 5,513.14, eventually supplementing Monday's gains, when the index closed up 0.7%.

Shock Inflation News Pressurises FTSE

News - Tuesday, January 19, 2010

British confectioner Cadbury finally succumbed to Kraft on Tuesday morning advising shareholders to accept a revised offer worth around 850p a share, or £11.9 billion, from the U.S. food giant. Cadbury was the best performer in the FTSE 100, up 3.5%, but could not lift the leading share index out of the red.

International Power Setback Fails to Dent FTSE

News - Monday, January 18, 2010

Rumours of a takeover bid for International Power by French utility company GDF Suez came to nothing on Monday afternoon leaving International Power languishing. The independent power generation closed down 11p or 3.42% at 311p but, in the absence of U.S. influence on Martin Luther King Day, the market as a whole closed up 39.02 points or 0.7% at 5,494.39.

FTSE 100 Prospers During Quiet Trading Day

News - Monday, January 18, 2010

The FTSE 100 was buoyant on Monday morning lifted by merger and acquisition rumours surrounding International Power and Cadbury and firmer metal prices which sparked a recovery in the mining sector. Shortly after midday Britain's leading share index was up 32.82 points or 0.6% to 5,488.19.

JP Morgan Earnings Weaken Banking Sector

News - Sunday, January 17, 2010

Consumer confidence in the U.S. showed a marked decline in January and losses on Wall Street were reflected by Britain's leading share index on Friday afternoon. The FTSE 100 index closed down 42.83 points or 0.8% at 5,455.37 but remains 0.8% ahead for the year so far.

U.S. Earnings Figures Fail to Inspire Investors

News - Friday, January 15, 2010

The eagerly awaited earnings figures from JPMorgan Chase & Co., the second largest bank in the U.S., duly arrived on Friday morning. The bank reported fourth-quarter profits of $0.74 per share, compared with market expectations of $0.61 per share, which amounted to $3.3 billion in total compared with $702 million in the same period last year. The New York based bank did, however, miss its revenue target and reaction to the figures was muted. Shortly after midday, the FTSE 100 index was down 10.20 points at 5,488.00.

Strong Miners Offset Weak Retailers

News - Thursday, January 14, 2010

A weak retail sector weighed on the FTSE 100 index on Thursday but, even so, was unable to drag the leading share index into the red after strong fourth quarter production figures from Rio Tinto bolstered commodity stocks. The FTSE 100 index closed up 24.72 points, or 0.5%, at 5,498.02.

Rio Tinto Lifts Mining Sector

News - Thursday, January 14, 2010

Strong fourth quarter production figures from leading international mining group Rio Tinto were responsible for driving up share prices in the mining sector on Thursday morning. Gains in the sector were sufficient to offset losses for oil and retail stocks and by midday the FTSE 100 index was up 18.19 points, or 0.3%, at 5,491.67 after two days of losses.

Mining and Banking Stocks Weigh on FTSE 100

News - Wednesday, January 13, 2010

Morning jitters over China's surprise increase in bank reserve requirements and poor manufacturing data from the U.K. eased slightly on Wednesday afternoon, due in part to a firmer start on Wall Street. Leading shares were still mixed but weakness in commodity stocks offset positive broker comments and the FTSE 100 index closed firmly in the red, down 25.23 points or 0.7% at 5,473.48, compounding losses from the previous session.

Investor Jitters Hold FTSE 100 Down

News - Wednesday, January 13, 2010

The decision to tighten reserve requirements for commercial banks in China, anxiety over the earnings season in the U.S. and disappointing manufacturing figures in the U.K. conspired to drag down the FTSE 100 index on Wednesday morning with oil and banking stocks the worst sufferers. By midday the leading share index was down 24.12 points, or 0.4%, at 5,474.59 compounding losses from the previous session when it closed down 0.7% at 5,498.71.

Tighter Chinese Monetary Policy Weakens Miners

News - Tuesday, January 12, 2010

The Chinese central bank increased the reserve requirements for its commercial banks by 0.5% on Tuesday and it was weakness in the mining sector that characterised the day on the London Stock Exchange. The FTSE 100 index closed down 39.96 points or 0.7% at 5,498.71 after hitting a fresh 16-month intraday high at 5,600.48 on Monday.

Mining Sector Leads FTSE 100 Lower

News - Tuesday, January 12, 2010

London equities sounded the retreat on Tuesday morning with an already weak mining sector further pressurised by poor fourth quarter earnings from the leading aluminium producer in the world, Alcoa. Approaching midday, the FTSE 100 index was down 59.05 points or 0.1% at 5,479.02.

FTSE Marks Time as Confidence Evaporates

News - Monday, January 11, 2010

The most influential piece of news on Monday as far as the London Stock Exchange was concerned came from eastern Asia. Chinese exports were up 17.7% year-on-year in December, but imports leapt 55.9%, sparking a run on commodity stocks in London and around the world. Optimism was short-lived, however and the FTSE 100 index closed down 3.83 points or 0.1% at 5,538.07 after an uncertain opening on Wall Street.

Bullish Trade Data from China Lifts FTSE

News - Monday, January 11, 2010

Britain's leading share index lost some ground towards midday on Monday after a promising start. Nevertheless by midday the blue-chip FTSE 100 index was up 21.22 points or 0.4% at 5,555.45, having touched 5,600.48, a new 16-month high, earlier in the day.

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