Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  News  >  Indexes & Markets

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 

FTSE 100 hit by economic worries, ex-dividend trades

08/20/2020 | 10:19am EST
FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London

UK shares ended lower on Thursday after the U.S. Federal Reserve struck a cautious note over the U.S. economic recovery, while several big companies going ex-dividend added to pressure on the bluechip index.

The FTSE 100 ended down 1.6%, with insurer Prudential and miner Anglo American among those trading ex-dividend. The midcap index fell 0.5%.

Minutes from the Fed's July 28-29 policy meeting warned of a highly uncertain path for recovery from the global health crisis that has hammered economic growth across the world.

(GRAPHIC: FTSE 100, S&P 500 and STOXX 600 - https://fingfx.thomsonreuters.com/gfx/mkt/azgvonmzqpd/FTSE%20YTD.PNG)

"(Fed) minutes are casting a shadow over markets and underline that any recovery is not going to be a straight line of advances," Markets.com analyst Neil Wilson said.

U.S. stocks have hit record highs despite the worries over the economic recovery, while in Europe and Britain stock indexes are yet to recover from falls caused by fallout from the virus. The FTSE 100 is lagging its peers in Europe and in the United States.

Real estate stocks <.FTNMX8670> <.FTUB8600> were one of the few sectors that gained on the day, benefiting from safe-haven demand.

On corporate news-driven moves, miner Antofagasta fell more than 5% after reporting a plunge in half-year earnings.

Along with Antofagasta's results, a drop in copper prices from a more than one-year high also hit miners, with Glencore, BHP and Rio Tinto falling between 2% and 4%.

Losses in the midcap index were limited by gains in Mike Ashley's Frasers Group along with a number of real estate stocks.

Frasers jumped 13% after it forecast growth of up to 30% in its new financial year, while electricals maker AO World added more than 3% as it said demand for its products and services continued even after its rivals reopened stores in July.

Infrastructure group John Laing plummeted 7%, marking its worst day since early-July after reporting a half-year loss and saying it was unlikely to meet its 1 billion pound investment target by the end of 2021.

By Muvija M and Ambar Warrick

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ACCOR 4.62% 31.7 Real-time Quote.-27.43%
ANGLO AMERICAN PLC 5.60% 2311.5 Delayed Quote.0.74%
ANTOFAGASTA PLC 7.40% 1226 Delayed Quote.24.51%
AO WORLD PLC -9.65% 379 Delayed Quote.364.56%
BHP GROUP 5.84% 1780.8 Delayed Quote.-5.30%
DJ INDUSTRIAL 1.52% 30041.14 Delayed Quote.2.54%
GLENCORE PLC 5.97% 211.6 Delayed Quote.-15.16%
INTERCONTINENTAL HOTELS GROUP PLC 2.17% 4696 Delayed Quote.-12.31%
JOHN LAING GROUP PLC 1.24% 325.6 Delayed Quote.-15.37%
MSCI UNITED KINGDOM (STRD, UHD) 2.05% 1007.138 Real-time Quote.-16.96%
NASDAQ 100 1.49% 12083.989631 Delayed Quote.36.33%
NASDAQ COMP. 1.35% 12041.672977 Delayed Quote.32.12%
PREMIER OIL PLC 13.27% 23.9 Delayed Quote.-78.51%
PRUDENTIAL PLC -0.63% 1257 Delayed Quote.-12.70%
RIO TINTO PLC 3.84% 5053 Delayed Quote.8.06%
S&P 500 1.63% 3635.6 Delayed Quote.10.73%
SPORTS DIRECT INTERNATIONAL -4.73% 451.2 Delayed Quote.3.27%
STOXX EUROPE 600 0.91% 392.39 Delayed Quote.-6.49%
STOXX EUROPE 600 NR 0.92% 863.91 Delayed Quote.-4.62%
Latest news "Markets"
02:59pWALL STREET STOCK EXCHANGE : Dow tops 30,000 on vaccine progress, Biden transition
02:45pDow Jones Industrial Average Hits 30000 for the First Time
02:31pANALYSIS : Dow cracks 30,000, a psychological boost during a pandemic
01:51pWALL STREET STOCK EXCHANGE : Dow touches 30,000 in global stock surge
01:22pDow Jones Industrial Average Hits 30000 for the First Time
12:43pEuropean shares end at near nine-month high on potential easing of virus curbs
11:57aWALL STREET STOCK EXCHANGE : Dow Jones hits 30,000 as Wall Street bets on 2021 bounce
11:53aDow Jones Industrial Average Hits 30000 for the First Time
11:44aDow Jones Industrial Average Hits 30000 for the First Time
11:38aDow Jones Industrial Average Climbs, Approaches Milestone
Latest news "Markets"