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UK Stocks-Factors to watch on March 4
Published at 04/03/2021 at 05:39 -
European stocks muted as rise in yields, inflation bets curb initial gains
Published at 03/03/2021 at 17:15 -
Banks, homebuilders shine as British shares rally on budget boost
Published at 03/03/2021 at 17:06 -
European stocks rally, FTSE jumps 1% ahead of budget
Published at 03/03/2021 at 08:21 -
Commodity, bank stocks lift UK shares higher ahead of budget
Published at 03/03/2021 at 08:20 -
UK Stocks-Factors to watch on March 3
Published at 03/03/2021 at 05:38 -
European shares end higher as commodity majors reverse losses
Published at 02/03/2021 at 17:10 -
FTSE 100 ends higher ahead of budget announcement, midcaps shunned
Published at 02/03/2021 at 17:04 -
Energy, mining stocks drag down FTSE 100
Published at 02/03/2021 at 08:19 -
Weak commodity prices weigh on European shares
Published at 02/03/2021 at 08:16
Forex News
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FOREX-Dollar holds nerve before Powell, Aussie and kiwi rise again
Published at 04/03/2021 at 05:54 -
FOREX-Dollar bides time, looks to Powell for inspiration
Published at 04/03/2021 at 02:38 -
FOREX-Dollar on the front foot as focus shifts to Powell
Published at 04/03/2021 at 00:46 -
FOREX-Dollar gains with yields, U.S. growth seen likely to outperform
Published at 03/03/2021 at 20:41 -
FOREX-Dollar gains as U.S. growth seen likely to outperform
Published at 03/03/2021 at 15:08 -
FOREX-Dollar slips as bond yields drop and investor sentiment strengthens
Published at 03/03/2021 at 11:15 -
FOREX-Dollar slips as bond yields drop and investor sentiment strengthens
Published at 03/03/2021 at 08:34 -
FOREX-Dollar on defensive as risk sentiment recovers amid retreat in U.S. yields; Aussie gains
Published at 03/03/2021 at 05:44 -
FOREX-Dollar on defensive as risk sentiment recovers amid retreat in U.S. yields; Aussie gains
Published at 03/03/2021 at 01:57 -
FOREX-Dollar dips, Aussie gains on improving risk sentiment
Published at 02/03/2021 at 20:43
Market News
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GLOBAL MARKETS-Bond scares spook world shares, investors look to Powell
Published at 04/03/2021 at 06:15 -
Oil extends gains on prospect of OPEC+ sticking with supply cuts
Published at 04/03/2021 at 06:08 -
Tokyo's Nikkei share average closes down 2.13 pct
Published at 04/03/2021 at 06:00 -
UK Stocks-Factors to watch on March 4
Published at 04/03/2021 at 05:39 -
GLOBAL MARKETS-Rising bond yields spook world shares as investors look to Powell
Published at 04/03/2021 at 03:53 -
REFILE-Oil prices firm on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories
Published at 04/03/2021 at 03:40 -
Tokyo's Nikkei share average falls 2.06 pct
Published at 04/03/2021 at 03:33 -
PRECIOUS-Firm U.S. yields keep gold pinned near 9-month low
Published at 04/03/2021 at 03:24 -
Japanese shares follow Nasdaq lower; SoftBank, Fast Retailing top drags
Published at 04/03/2021 at 02:49 -
PRECIOUS-Gold recovers from 9-month low, but higher yields weigh
Published at 04/03/2021 at 01:23
UPDATE 2-Energy stocks drag down FTSE 100, IG Group slides
Published at
21/01/2021 at 17:05
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
* Oil majors down as oil prices drop
* IG tumbles on tastytrade buyout plan
* Ibstock soars after upbeat outlook
* FTSE 100, FTSE 250 shed 0.4%
(Updates to market close; Adds details, comment)
By Shivani Kumaresan
Jan 21 (Reuters) - London's FTSE 100 slipped on Thursday, weighed down by falls in energy stocks as oil prices slid after a surprise increase in U.S. crude inventories, while IG Group tumbled on plans to buy U.S. trading platform tastytrade for $1 billion.
The blue-chip FTSE 100 index lost 0.4%, while the domestically focussed mid-cap FTSE 250 index also slid 0.4%.
Energy majors BP and Royal Dutch Shell fell 3.2% and 2.5%, respectively, and were the biggest drags on the FTSE-100 index.
"What is holding back the UK is a lack of tech stocks to capture the 'rotation' back into tech seen since Netflix results," said Chris Beauchamp, chief market analyst at IG.
"Stock markets overall are much quieter today, looking so far in vain for a new catalyst for further upside."
The FTSE 100 shed 14.3% in value last year, its worst performance since a 31% plunge in 2008 and underperforming its European peers by a wide margin, as pandemic-driven lockdowns battered the economy and led to mass layoffs.
British Prime Minister Boris Johnson said it was too early to say when the national coronavirus lockdown in England would end, as daily deaths from COVID-19 reach new highs and hospitals become increasingly stretched.
IG Group tumbled 8.5% after announcing plans to buy tastytrade, venturing into North America after a stellar year for the new breed of retail investment brokerages.
Ibstock jumped 7.3% to the top of the FTSE 250 after the company said fourth-quarter activity benefited from better-than-expected demand for new houses and repairs.
Pets at Home Group Plc rose 2.2% after reporting an 18% jump in third-quarter revenue, boosted by higher demand for its accessories and veterinary services as more people adopted pets during lockdowns.
(Reporting by Shivani Kumaresan in Bengaluru; editing by Uttaresh.V and Mark Potter)
((Shivani.Kumaresan@thomsonreuters.com; +1 646 223 8780;))
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