FTSE 100 gains kept in check by pain for Shell, Vodafone

That drop, the biggest loss on the FTSE 100 in early trade, came even after the oil giant’s earnings tripled in 2017 after “a year of transformation.” Brent oil prices — the international benchmark — LCOJ8, +0.55% moved up 18% last year, which helped boost Shell’s earnings. However, analysts said the …

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*Iceland Q4 Jobless Rate 2.6%

Iceland Q4 Jobless Rate 2.6%

The material has been provided by InstaForex Company – www.instaforex.com

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Euro Little Changed After Eurozone PMI

At 4.00 am ET Thursday, IHS Markit has released Eurozone final manufacturing PMI for January. The euro changed little against its major rivals after the data.

The euro was trading at 1.2428 against the greenback, 136.17 against the yen, 1.1574 again…

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Fed lines up March hike as Yellen departs

Despite seeing new record highs for the FTSE100 and DAX in January the FTSE100 lost ground while the DAX finished well off its peaks. The strength of both the pound and the euro would appear to be acting as a bit of a headwind for both, with the pound …

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FTSE 100 heavyweights report

Good morning. There are updates this morning from four FTSE-100 heavyweights: the consumer goods giant Unilever, the oil group Shell and the telecoms groups Vodafone and BT. •Unilever says it has made “strong progress towards the strategic objectives set out for 2020” as it reported underlying …

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Market report: FTSE recovers as mega-caps report

The FTSE 100 recovers some ground early on Thursday, up 0.17% to 7,546.48, ahead of purchasing managers’ index data on the UK manufacturing sector out later this morning and after Nationwide’s latest figures showed faster than expected growth in house prices. Several big corporate names have …

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Swiss Retail Sales Rise For Second Month

Swiss retail sales rose for a second straight month in December, preliminary data from the Federal Statistical Office showed Thursday.

Retail sales rose a calendar adjusted 0.6 percent year-on-year after a 0.3 percent increase in the previous month. …

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FTSE 100 in a holding pattern ahead of a raft of economic data; NEX Group shines

The FTSE 100 was in a holding pattern ahead of whole raft of international data, kicking off with the UK Purchasing Manager’s Index, which provides a snapshot of the economic health of the manufacturing sector. Blue-chip shares nudged higher – but only just – with the Footsie adding just 3 points to …

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Euro Rises Vs Most Majors Ahead Of PMI Reports

At 3:45 am ET Thursday, IHS Markit is slated to publish PMI data of Italy. Thereafter, final manufacturing PMI reports from France and Germany are due at 3.50 am ET and 3.55 am ET, respectively. At 4.00 am ET, IHS Markit releases Eurozone final manufa…

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Franc Little Changed After Swiss SVME Manufacturing PMI

Following the release of the Swiss SVME manufacturing PMI for January at 3:30 am ET Thursday, the Swiss franc changed little against its major rivals.

The Swiss franc was trading at 1.1587 against the euro, 1.3289 against the pound, 0.9323 against t…

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Are Investors Wrong to Dump UK Equity Income Funds?

But Smeaton points out that the FTSE 100 is able to give investors exposure to overseas earnings. Around 75% of UK blue-chip companies’ revenues comes from abroad. This benefited funds with holdings in the likes of oil majors BP (BP.) and Shell (RDSB) and drinks maker Diageo in the immediate …

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LIVE MARKETS-Opening snapshot: top movers

Meanwhile Shell took a 5 percent dive at the open and is now down 1.8 percent, the worst-performing on the FTSE 100. It seems the cashflow might be what the market’s taking issue with. “Unfortunately, resilient earnings do not appear to have translated into cash generation this quarter,” write RBC …

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LONDON MARKET PRE-OPEN: Shell Finds Oil And Earnings Beat Consensus

LONDON (Alliance News) – Stocks in London are set to open higher on Thursday, following the US Fed decision and ahead of the UK manufacturing PMI reading for January, while Unilever reported growth in profit among a slew of large-cap UK company reporti…

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UPDATE 1-UK Stocks-Factors to watch on Feb 1

Feb 1 (Reuters) – Britain’s FTSE 100 index is seen opening 23 points higher at 7,556.3 on Thursday, according to financial bookmakers, with futures up 0.42 percent ahead of the cash market open. * GLENCORE: Glencore on Thursday said copper output in 2018 should rise to nearly 1.5 million tonnes …

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Shell poised to dethrone Exxon in oil titans’ cash clash

Shell’s shares were 1.1 percent lower at 0842 GMT, compared with a slightly positive open for the FTSE 100 index. Cash flow from operations in 2017 rose to $35.65 billion from $20.62 billion a year earlier, putting Shell on course to beat Exxon, which is forecast to have generated $32.6 billion in 2017, …

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