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☆ FTSE 100 tracks global risk-off mood; Petrofac plummets
▼ + stars: | 2022-12-20 | by ( Johann M Cherian | ) www.reuters.com time to read: +2 min

SummarySummary Companies FTSE 100 down 0.2%, FTSE 250 down 0.6%Petrofac plummets to all time lowSage group slumps to bottom of FTSE 100Dec 20 (Reuters) - UK's export-oriented FTSE 100 index fell on Tuesday as investors turned risk-averse after the Bank of Japan unexpectedly tweaked its monetary policy, while oil services provider Petrofac dropped to an all-time low. The blue-chip FTSE 100 (.FTSE) fell 0.2%, while the mid-cap FTSE 250 was off 0.6%. The Europe-wide STOXX 600 index (.STOXX) was down 0.5%. Weighing on global equities, the Bank of Japan widened long-term yield controls that allow long-term interest rates to rise more. Reporting by Johann M Cherian in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ UK's FTSE boosted higher by healthcare sector
▼ + stars: | 2022-12-07 | by ( Johann M Cherian | ) www.reuters.com time to read: +2 min

SummarySummary Companies FTSE 100 rose 0.1%, FTSE 250 falls 0.2%GSK escapes U.S. lawsuit on Zantac allegationsMoonpig drops to bottom of FTMCDec 7 (Reuters) - UK's export-oriented FTSE 100 climbed on Wednesday as the healthcare sector was boosted by shares of GSK after the drugmaker escaped U.S. lawsuits over its heartburn drug Zantac. The blue-chip FTSE 100 (.FTSE) edged 0.1% higher by 0930 GMT. The pharmaceutical sector (.FTNMX201030) rose 3.3% in its biggest one-day percentage gain since late February. A nearly 10% jump in shares of GSK Plc (GSK.L) boosted the index after the drugmaker was spared thousands of U.S. lawsuits claiming that Zantac caused cancer. The real estate sector (.FTUB3510) fell 0.2% and is down 34% year-to-date and is heading towards its biggest fall since 2008.

[1/2] A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. "In general we have seen stocks perform better after a split government, I expect that to continue." Economists expect the annual consumer prices inflation to slow to 8.0% and the core numbers to dip to 6.5%. Both the midterm elections and inflation are likely to provide major cues for Wall Street after a volatile week dominated by mixed jobs report and hawkish comments from Fed Chair Jerome Powell. All the three major U.S. stock indexes are in bear market territory, from their previous record closing highs.

☆ European shares gain ground on boost from travel stocks
▼ + stars: | 2022-11-07 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +3 min

REUTERS/StaffSummarySummary Companies Flutter, Ryanair lead travel stocks higherTravel & leisure index hits near 3-month highsChina-exposed luxury companies declineIrish stocks rallyNov 7 (Reuters) - European shares rose on Monday, reversing declines from the opening bell, as a jump in travel stocks helped outweigh a drag from China-exposed luxury giants. The benchmark STOXX 600 index (.STOXX) added 0.6% by 0929 GMT, extending gains after its fourth straight weekly rise. Flutter Entertainment Plc rose 4.5%, boosting European travel & leisure stocks (.SXTP) by 2.3% and helping it touch a near three-month high. European luxury stocks, including LVMH (LVMH.PA), Pernod Ricard (PERP.PA) and Hermes International (HRMS.PA), dipped between 0.1% and 0.4%. Dutch fertiliser maker OCI (OCI.AS) fell 3.7% to the bottom of the STOXX 600 after J.P. Morgan cut its rating on the stock on softer quarterly outlook.

☆ Miners lift FTSE 100 on China reopening optimism
▼ + stars: | 2022-11-04 | by ( Johann M Cherian | ) www.reuters.com time to read: +2 min

SummarySummary Companies FTSE 100 up 0.9%, FTSE 250 adds 0.5%National World exploring Reach buyoutKuala Lumpur Kepong considers raising stake in SynthomerNov 4 (Reuters) - UK's export-oriented FTSE 100 rose on Friday as miners jumped on hopes that China would relax its COVID-19 restrictions, setting up the index for gains for the week that saw major central bank meetings dictating the market's moves. The blue-chip FTSE 100 (.FTSE) climbed 0.9%, while the mid-cap FTSE 250 (.FTSE) added 0.5% 9:39 GMT. As the week of central bank tightening ends, investors are looking toward the new budget announcement on Nov. 17. National World Plc (NWOR.L) jumped 2.4% after it said it was exploring a cash offer for Daily Mirror-owner Reach Plc (RCH.L). Reach rose 4.3%.

The move lifted British bond prices and pushed global benchmark yields lower. read moreMuch to the market's relief, Fed Chair Jerome Powell did not comment on monetary policy or the U.S. economic outlook on Wednesday. Among the 11 S&P 500 sector indexes, technology (.SPLRCT) was the sole decliner, down 0.5% due to Apple's drag. read moreEli Lilly & Co , which is also developing an Alzheimer's drug, rose 8.17% and was among the biggest boosts to the S&P 500 index. The S&P index recorded one new 52-week high and 30 new lows, while the Nasdaq recorded 21 new highs and 192 new lows.

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