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UK News
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AstraZeneca, mining stocks pull FTSE 100 higher; Tesco caps gains
Published at 14/04/2021 at 09:26 -
AstraZeneca, commodity stocks pull FTSE 100 higher; Tesco caps gains
Published at 14/04/2021 at 08:27 -
SAP, LVMH earnings nudge European stocks higher
Published at 14/04/2021 at 08:17 -
UK Stocks-Factors to watch on April 14
Published at 14/04/2021 at 07:50 -
UK Stocks-Factors to watch on April 14
Published at 14/04/2021 at 06:10 -
British mid-caps jump over signs of economic growth; Babcock surges
Published at 13/04/2021 at 17:35 -
European shares pause near record highs
Published at 13/04/2021 at 17:02 -
FTSE 100 falls as stronger pound, oil stocks weigh
Published at 13/04/2021 at 08:29 -
European shares pause near record high with eyes on U.S. inflation data
Published at 13/04/2021 at 08:07 -
UK Stocks-Factors to watch on April 13
Published at 13/04/2021 at 07:49
Forex News
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FOREX-Dollar near 1-month lows as strong debt sale weighs on U.S. yields
Published at 14/04/2021 at 09:23 -
FOREX-Dollar slips to three-week low as inflation fears seen baked in for now
Published at 14/04/2021 at 04:33 -
FOREX-Dollar at three-week low on tamped down fears over inflation
Published at 14/04/2021 at 02:24 -
FOREX-Dollar drops to three-week lows after inflation data
Published at 13/04/2021 at 20:48 -
FOREX-Dollar drops to three-week lows after inflation data
Published at 13/04/2021 at 15:02 -
FOREX-Dollar edges up before U.S. inflation data
Published at 13/04/2021 at 12:28 -
REFILE-FOREX-Dollar edges up as markets wait for U.S. inflation data
Published at 13/04/2021 at 11:08 -
FOREX-Dollar rises from near three-week low as traders brace for inflation data
Published at 13/04/2021 at 06:06 -
FOREX-Dollar languishes near three-week lows as traders brace for inflation data
Published at 13/04/2021 at 02:16 -
FOREX-Dollar dips before consumer price inflation data
Published at 12/04/2021 at 20:42
Market News
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AstraZeneca, mining stocks pull FTSE 100 higher; Tesco caps gains
Published at 14/04/2021 at 09:26 -
AstraZeneca, commodity stocks pull FTSE 100 higher; Tesco caps gains
Published at 14/04/2021 at 08:27 -
SAP, LVMH earnings nudge European stocks higher
Published at 14/04/2021 at 08:17 -
Japanese shares end lower as virus resurgence hits risk appetite
Published at 14/04/2021 at 08:17 -
UK Stocks-Factors to watch on April 14
Published at 14/04/2021 at 07:50 -
Japanese shares end lower as virus resurgence hits risk appetite
Published at 14/04/2021 at 07:43 -
Oil maintains upward momentum but virus concerns cap gains
Published at 14/04/2021 at 07:34 -
PRECIOUS-Gold gives up early gains as firm bond yields offset weak dollar
Published at 14/04/2021 at 07:03 -
GLOBAL MARKETS-World stocks hit record high as bond yields ease
Published at 14/04/2021 at 06:55 -
UK Stocks-Factors to watch on April 14
Published at 14/04/2021 at 06:10
UPDATE 2-FTSE 100 ends higher ahead of budget announcement, midcaps shunned
Published at
02/03/2021 at 17:04
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
* Renishaw hits record high as founders keen to bow out
* French Connection tumbles as suitor pulls out
* FTSE 100 up 0.4%, FTSE 250 off 0.2%
(Adds comment; Updates to close)
By Devik Jain
March 2 (Reuters) - London's FTSE 100 rose on Tuesday, led by gains in mining and financial stocks, although the domestically-oriented midcap index tripped on the eve of finance minister Rishi Sunak's new budget plan.
After rallying as much as 1.1% in the afternoon trade, the blue-chip index closed 0.4% higher, with heavyweights mining , banks and insurance
among the top boosters.
The FTSE 250 index ended 0.2% lower. However, losses were capped by engineering firm Renishaw Plc , which surged 19% to a record high after saying it is seeking a buyer after its founders announced their plans to sell their respective majority stakes in the company.
Sunak is expected to announce more borrowing on top of almost 300 billion pounds ($418 billion) of COVID-19 spending and tax cuts in his annual budget statement on Wednesday to steer the economy through its third coronavirus lockdown.
"Fiscal measures over the past year have acted like a bridge from one side of the COVID-19 crisis to the other. But bridges do not work if they only take you three quarters of the way across the ravine," said Karen Ward, chief market strategist EMEA at J.P. Morgan Asset Management
"I believe the Chancellor should err on the side of an extension that is too long, rather than one that is too short."
Global stimulus measures and optimism about an economic rebound from vaccination rollouts has helped the FTSE 100 recover more than 35% from a coronavirus-driven crash last year, but the possibility of rising inflation and higher bond yields has rattled sentiment.
Among other stocks, Travis Perkins , Britain's biggest seller of building materials, fell 3.3%, after it restarted the process of demerging its Wickes home improvement business.
French Connection Group Plc tumbled 8.2% after saying it was seeking new offers after a suitor backed out of preliminary talks to buy the struggling fashion retailer.
(Reporting by Shivani Kumaresan and Devik Jain in Bengaluru; Editing by Subhranshu Sahu, Maju Samuel and Barbara Lewis)
((Shivani.Kumaresan@thomsonreuters.com; +1 646 223 8780;))
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