Breaking News
Investing Pro 0
Cyber Monday SALE: Up to 54% OFF InvestingPro+ CLAIM OFFER

Miners Boost London Equity Market, Earnings Season Underway

By CMC Markets (David Madden)Stock MarketsJul 25, 2017 10:10
uk.investing.com/analysis/miners-boost-london-equity-market-200196310
Miners Boost London Equity Market, Earnings Season Underway
By CMC Markets (David Madden)   |  Jul 25, 2017 10:10
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
MBGn
-0.21%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
VOWG_p
-0.32%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
GLEN
-0.41%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
Copper
0.00%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
INF
-0.62%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ANTO
-1.43%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Equity markets in Europe have gotten off to a good start this morning after a volatile session yesterday. The FTSE 100 was the worst performer of the major European markets yesterday, but the rally in natural resource stocks today has helped the London equity benchmark bounce back.

Miners like BHP Billiton (LON:BLT), Antofagasta (LON:ANTO), Glencore (LON:GLEN), Anglo American (LON:AAL), and Glencore (LON:GLEN) have all been boosted by the jump in the price of copper – which is up over 1%.

The DAX is in positive territory and the car markets like BMW (DE:BMWG), Volkswagen (DE:VOWG_p) and Daimler (DE:DAIGn) are mixed as the investigation by the European antitrust regulators into their business practices is looming over the companies.

Informa (LON:INF) shares are up over 7% on the session after the company revealed a 41.3% rise in first-half revenue. The exhibitions operation of the business was the main driver behind the jump in sales, as the division announced a 77.7% increase in revenue. The academic publishing side of the business only managed an 11.3% rise in revenue. The company will have to give more resources to the exhibitions side of the business as it is performing well, but only accounts for 37.4% of total revenue.

The EUR/USD is edging higher after positive business confidence data from Germany assisted the currency pair. The German Ifo business climate for July came in at 116, and traders were anticipating a reading of 114.9, and the June reading was 115.1. The single currency has been in a strong upward trend against the US dollar since January, and the trend looks like it is set to continue.

The GBP/USD is holding steady above the $1.30 mark. Andy Haldane of the Bank of England will be speaking in London at 6pm. In recent weeks Mr Haldane has called for higher interest rates from the UK central bank, and dealers will be keeping an ear out for potentially hawkish comments later on.

We are anticipating the Dow Jones to open 40 points higher at 21,553, and we are calling the S&P 500 up 2 points at 2472.

At 3pm, the US will announce the Conference Board consumer confidence survey for July, and economists are expecting a reading of 116.6, down from 118.9 in June.

3M (NYSE:MMM) and Caterpillar (NYSE:CAT) will announce their second-quarter figures today.

Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

Original post

Miners Boost London Equity Market, Earnings Season Underway
 

Related Articles

Miners Boost London Equity Market, Earnings Season Underway

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email