EUROPE MARKETS: FTSE 100 Falls With Markets' Mini Winning Streak Under Threat
10 Enero 2019 - 05:14AM
Noticias Dow Jones
By Emily Horton
London markets followed Europe's major indexes into the red on
Thursday, though a group of big U.K. retailers bucked the trend on
the back of the latest Christmas figures.
What did markets do?
The U.K.'s FTSE 100 dropped 0.4% to 6,877.79, after finishing
0.7% up on Wednesday. The pound dropped to $1.2758 from $1.2788,
late in New York on Wednesday.
What is driving the markets?
British secretary of state for business Greg Clark on Thursday
warned that crashing out of the European trading bloc without a
deal would be a "disaster" for the U.K
(http://www.marketwatch.com/story/brexit-brief-uk-business-secretary-warns-of-disaster-from-crash-out-exit-2019-01-10).
His comments differ from the policy line of his boss, Prime
Minister Theresa May, who has so far refused to rule out the
prospect of a no-deal Brexit.
On Wednesday, more than 300 British politicians backed an
amendment that will require May to outline a new Brexit plan within
three days if her current proposal is rejected at a vote on Jan.
15.
(http://www.marketwatch.com/story/us-gains-312000-jobs-in-final-month-of-2018-soaring-above-wall-street-forecast-2019-01-04)In
China, consumer and producer prices decelerated sharply
(http://www.marketwatch.com/story/chinas-sluggish-prices-raise-deflation-fears-2019-01-10-24851247)
last month, compounding the challenge for Beijing to boost sluggish
demand in a deepening economic downturn. This replaced the investor
optimism around the progress in U.S./China trade talks that had
lifted markets on Wednesday.
Another worry for investors is the partial U.S. government
shutdown, with the stalemate entrenched after President Donald
Trump walked out of his latest meeting with Democrats
(http://www.marketwatch.com/story/trump-today-president-keeps-border-emergency-option-on-table-as-he-meets-with-lawmakers-2019-01-09).
What stocks are active?
U.K. bicycles-to-car parts retailer Halfords Group PLC (HFD.LN)
dropped by 18%, after it announced weak consumer confidence would
hit its profits projections for 2019, Reuters reported
(https://www.reuters.com/article/halfords-grp-outlook/update-1-halfords-shares-set-to-sink-on-profit-warning-idUSL3N1ZA2PW).
Miners were also under pressure on Thursday, with BHP Group PLC
(BHP.LN) losing 6%. Fashion designer Burberry Group PLC (BRBY.LN)
lost almost 3%, amid mounting evidence for the Chinese consumer
spending slowdown.
Supermarkets took to the FTSE 100 top spots on Thursday. Marks
& Spencers Group PLC gained almost 3%, despite a fall in sales
figures
(http://www.marketwatch.com/story/marks-spencer-sales-fall-backs-guidance-2019-01-10).
Tesco PLC (TSCO.LN) gained 2% after it announced strong Christmas
sales results
(http://www.marketwatch.com/story/tesco-beats-on-christmas-sales-targets-on-track-2019-01-10).
J Sainsbury PLC (SBRY.LN) and Wm. Morrisons Supermarket PLC
(MRW.LN) also added 2%
(END) Dow Jones Newswires
January 10, 2019 05:59 ET (10:59 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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