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| Equity Market News | 29th July 2010 | |
Equity Org Headlines:Crude, precious metals prices fall; base metals mixedOil prices fall as US inventories swell Crude oil trades lower, but most metals prices rise Crude prices up despite rising oil, gasoline inventories in US Crude oil, metals prices start year with gains Crude prices up, metals lower ahead of holidays Natural gas prices rise as other energy, metals prices decline Crude oil, metals prices jump on data Crude falls in New York, metals gain on session US inventories send oil prices lower |
16/09/05London strong on double witching hourIn the London equities markets, both the FTSE 100 and the FTSE 250 finished both the day and the week on a positive note. The FTSE 100 gained 0.4 percent on the day and 0.9 percent on the week to 5,407.9 at the close of trade on Friday. The FTSE 250 was up 0.4 percent for the day and 0.6 percent for the week to 7,901.6. Volume was a very high 4.1 billion shares traded, explained by a double witching hour in which both stock options and index futures on the main index expired. Miners were up on the day as gold reached a 17-year high. BHP Billiton and Anglo Pacific each gained 3.2 percent, to 873½p and 129½p respectively. Rio Tinto was up 3.8 percent on the day and 10 percent on the week to £21.49, while Anglo American advanced by 5.1 percent to £15.54. Mergers and acquisitions rumors in the aerospace and defence sectors benefited defence group BAE Systems and jet engine maker Rolls-Royce. Rolls-Royce gained 3.4 percent to 370¾p and BAE was up 1.5 percent to 338p. Among declining stocks, Shire Pharmaceuticals lost 1.5 percent to 685p after a downgrade to “neutral” by UBS. |
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