FTSE 100 drops as commodity stocks weigh; Ultra Electronics jumps | Malay Mail

LONDON, Aug 17 ― London's FTSE 100 yesterday recorded its worst session in nearly a month, as weakness in commodity prices hit heavyweight energy and mining shares, while Ultra Electronics jumped after it agreed to a takeover deal.

“Some investors may be worried that BHP is selling at a bad time, owing to the uncertain economic outlook, forecasts in some quarters of US$100 -a-barrel oil in 2022, and the substantial number of oil and gas assets that are potentially up for sale,” Russ Mould, investment director at AJ Bell said in a note.

In the UK, investor focus this week will be on latest unemployment, retail sales, and inflation numbers.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks stumble as China data disappoint | Malay MailSYDNEY, Aug 16 — Asian share markets slipped today after a raft of Chinese data showed a surprisingly sharp slowdown in the engine of global growth, just as much of the world races to stem the spread of the Delta variant of Covid-19 with vaccinations. Figures on July retail sales, industrial...
Source: malaymail - 🏆 1. / 86 Read more »

Tokyo stocks open lower on virus worries | Malay MailTOKYO, Aug 16 — Tokyo stocks opened lower today as concerns over rising coronavirus cases in Japan continued to weigh on the market. The benchmark Nikkei 225 index dropped 1.36 per cent, or 380.13 points, to 27,597.02 in early trade, while the broader Topix index fell 1.37 per cent, or 26.76...
Source: malaymail - 🏆 1. / 86 Read more »