FTSE 100 down; employment better than expected; earnings data mixed

Source Investing

Investing.com – U.K. equities started mixed on Tuesday, with losses in majority of sectors. Top losers were Food & Drug Retailers, Household Goods, Industrial Metals & Mining and Electronic & Electrical Equipment. Mining, Personal Goods, Aerospace & Defense and Gas Water & Multiutilities sectors were up.

At the market open in London, the FTSE 100 Index fell 0.48%. The FTSE 250 Index and the FTSE 350 Index also declined. The FTSE 250 dropped 0.07%, while the FTSE 350 was down by 0.60%.

Top Gainers:

Fresnillo (LON:FRES): Climbed 2.12% or 10.72 points to 515.22.

Flutter (LON:FLTRF) Entertainment: Rose 0.69% or 115.0 points to 16,765.0.

JD Sports Fashion (LON:JD): Increased 0.63% or 0.85 points to 136.70.

InvestingPro: Top Gainers Market Cap History

Top Losers:

AstraZeneca (LON:AZN): Dropped 5.52% or 702.0 points to 12,010.0.

Hikma Pharma (LON:HIK): Declined 1.77% or 34.36 points to 1,909.65.

ConvaTec (LON:CTEC) Group: Fell 1.37% or 3.20 points to 230.40.

InvestingPro: Top Losers Market Cap History

In Commodities Trading:

  • Gold Futures for December delivery climbed 0.90 points to 2,533.60 a troy ounce.
  • Crude Oil for October delivery dropped 0.43 points to 68.28 a barrel.
  • November Brent Oil Contract fell 0.56% or 0.40 points to 71.44 a barrel.

Currency Markets:

  • GBP/USD is still struggling to stay above 1.31 line.
  • EUR/GBP is at 0.84.
  • The US Dollar Index Futures was up 0.07% at 101.584.

GBP/USD

Main Economic Events:

Today's main economic event in the United Kingdom are the earnings reports and the employment data. Employment change surpassed the forecasts.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Gold Price Forectast: XAU/USD rises above $4,600 on US rate cut expectations, Fed uncertainty Gold price (XAU/USD) rises to around $4,600 during the early Asian session on Wednesday. The precious metal gains momentum as traders firm up bets on US interest rate cuts after the release of inflation data.
Author  FXStreet
Yesterday 01: 45
Gold price (XAU/USD) rises to around $4,600 during the early Asian session on Wednesday. The precious metal gains momentum as traders firm up bets on US interest rate cuts after the release of inflation data.
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US Dollar Index steadies above 99.00 ahead of Retail Sales, PPI dataThe US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching lower after registering modest gains in the previous session. The DXY hovers around 99.10 during the Asian hours on Wednesday.
Author  FXStreet
Yesterday 10: 19
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching lower after registering modest gains in the previous session. The DXY hovers around 99.10 during the Asian hours on Wednesday.
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Bitcoin shows strong correlation with institutional demand following 7% uptickBitcoin's price has largely tracked net institutional demand over the past year, according to Bitwise. Net institutional demand is the buying activity of global exchange-traded products (ETPs) and treasury companies minus new supply.
Author  FXStreet
12 hours ago
Bitcoin's price has largely tracked net institutional demand over the past year, according to Bitwise. Net institutional demand is the buying activity of global exchange-traded products (ETPs) and treasury companies minus new supply.
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Silver Price Forecast: XAG/USD corrects to near $86.50 as Iran stops killing protestersSilver price corrects almost 6% to near $86.50 during the Asian trading session on Thursday.
Author  FXStreet
8 hours ago
Silver price corrects almost 6% to near $86.50 during the Asian trading session on Thursday.
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Standard Chartered lifts Ethereum call to $7,500, arguing institutional demand could leave Bitcoin trailingStandard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
Author  Mitrade
8 hours ago
Standard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
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