UK equities dropped on banks' weakness

Note: This section contains information in English only.
Source: Dukascopy Bank SA
UK shares prolonged slump on Wednesday amid lack of actions from the ECB regarding anti-crisis measures. On Tuesday, Mario Draghi canceled the trip to Jackson Hole, weighting down of speculation that the ECB plans will be announced at the symposium. The FTSE 100 Index sank 0.45% to trade at 5,748.72. Only two sectors within the index climbed. The top-performers were utility companies, with Centrica and SSE jumping 1.40% and 1.13%. At the same time, mining and financial shares pressurized the UK stock index. Anglo American, BHP Billiton and Rio Tinto slid 1.88%, 1.11% and 2.60%, respectively. Barclays led losses of the UK lenders, falling by 1.64% amid news that UK fraud prosecutors will start a criminal probe regarding the bank's payments made to Qatar sovereign wealth fund. Other banks followed Barclay's suit. Royal Bank of Scotland, Lloyds Banking Group and Standard Chartered dropped by 1.56%, 1.59% and 0.74%, respectively.

 

Back to articles

Actual Topics

Wed, 29 Aug 2012 13:24:09 GMT

German equities fell ahead of US GDP data

German stocks declined further on Wednesday ahead of the US GDP data due later in the day. Investors also are cautious as Angela Merkel is meeting Mario Monti on Wednesday, before holding an official press conference in Berlin. The German DAX retreated 0.43% to trade at 6,969.67. Only one industry included in the index rose. Health care companies posted mild

Wed, 29 Aug 2012 13:01:10 GMT

Hong Kong shares moved lower, Want Want China added pressure

Hong Kong shares edged down on Wednesday amid increased cautiousness in the markets ahead of the Jackson Hole Symposium due on Friday. Market participants continued to await Ben Bernanke's speech at the symposium as his comments may indicate further actions of the Fed. At the same time, positive data from the US property market supported Hong Kong shares. The Hang

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.