Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  FTSE 100 Index    F100   GB0001383545

FTSE 100 INDEX

(F100)
SummaryChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

FTSE 100 slips as oil prices fall on U.S. stimulus worries; Tesco ends lower

10/07/2020 | 12:50pm EST
A worker shelters from the rain as he passes the London Stock Exchange in the City of London

(Reuters) - London's FTSE 100 closed nearly flat on Wednesday, weighed down by a fall in energy stocks on lower oil prices, with investors looking for clues on U.S. stimulus measures after President Donald Trump called a halt to talks with Congress on a comprehensive bill.

The blue-chip FTSE 100 index closed down 0.06%, with energy <.FTNMX0530> and insurance stocks <.FTNMX2350> leading declines. The mid-cap index ended flat.

The energy index was one of the biggest drags on the FTSE 100 as oil prices slid nearly 2.5% after U.S. President Donald Trump on Tuesday called off talks with lawmakers on pandemic aid, and after a larger-than-forecast rise in U.S. crude stocks.

"There are hopes that the stimulus plans could be revived in the period between the election and January's inauguration which are probably helping investors keep the news in perspective for now," said Russ Mould, investment director at AJ Bell.

Wall Street's main indexes jumped on Wednesday as investors grew hopeful of at least a partial deal on more fiscal stimulus, but top White House officials on Wednesday downplayed the prospect of either a comprehensive deal or standalone measures.

Construction stocks <.FTNMX2350> provided support to the blue-chip index after a report by mortgage lender Halifax noted British house prices rose last month at the fastest annual pace since June 2016.

Britain's trade minister Liz Truss said on Wednesday a deal with the European Union over the pair's future trading relationship is "do-able" as the end of a transition period approaches.

"Investors are on an edge with continuing uncertainty on Brexit, and have taken the view that they can't place long bets in this environment," said TS Lombard strategist Andrea Cicione.

Tesco, Britain's biggest retailer by sales, pared earlier gains and closed 0.7% lower after it reported a jump in sales due to the COVID-19 pandemic and said it saw its FY21 operating profits being in line with the previous year.

British private security company G4S rose 0.2% after it once again rejected smaller Canadian rival GardaWorld's offer and dismissed claims made by the hostile bidders in a pitch to shareholders as misleading.

(Reporting by Shashank Nayar in Bengaluru; Editing by Uttaresh.V and Jan Harvey)

By Shashank Nayar


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AJ BELL PLC -2.60% 450 Delayed Quote.3.81%
EURO / BRITISH POUND (EUR/GBP) 0.00% 0.8892 Delayed Quote.-0.82%
G4S PLC 0.43% 259.5 Delayed Quote.2.25%
LONDON BRENT OIL -1.92% 55.07 Delayed Quote.8.61%
MSCI UNITED KINGDOM (STRD, UHD) -0.69% 1069.389 Real-time Quote.4.45%
TESCO PLC -0.08% 241.9 Delayed Quote.4.54%
WTI 0.00% 52.063 Delayed Quote.10.00%
All news about FTSE 100 INDEX
01/22FTSE : Russell deletes CNOOC from global and China indexes due to U.S. ban
RE
01/21LONDON STOCK EXCHANGE : Energy stocks drag down FTSE 100, IG Group slides
RE
01/20LONDON STOCK EXCHANGE : Miners lead FTSE 100 higher on earnings cheer
RE
01/18LONDON STOCK EXCHANGE : Energy, travel stocks drag FTSE 100 down
RE
01/15LONDON STOCK EXCHANGE : FTSE 100 logs worst week since October-end on lockdown w..
RE
01/12LONDON STOCK EXCHANGE : London's FTSE 100 drops on coronavirus cases, stronger p..
RE
01/11LONDON STOCK EXCHANGE : FTSE 100 falls on COVID-19 risks; Signature Aviation sur..
RE
01/05FTSE : UK stocks gain on fresh stimulus; energy stocks lift FTSE 100
RE
01/04LONDON STOCK EXCHANGE : FTSE Russell cuts three more China firms from indexes af..
RE
2020LONDON STOCK EXCHANGE : FTSE 100 wraps up worst year since 2008 financial crisis
RE
More news
News of the index components FTSE 100 INDEX
03:28pASTRAZENECA : Ecuador approves use of AstraZeneca vaccine for COVID-19
RE
10:11aASTRAZENECA : Italy to take legal action on COVID vaccine delays to get doses
RE
09:00aASTRAZENECA : Italy to take legal action over COVID vaccine delays to secure dos..
RE
07:28aCanada's Trans Mountain pipeline sees fortunes shine after KXL's demise
RE
05:24aASTRAZENECA : EU says it will make vaccine companies respect supply contracts - ..
RE
03:21aASTRAZENECA : India to give homegrown vaccine in seven more states this week
RE
01/23UK vaccine roll-out speeds up but doctors want quicker second dose
RE
More news
Chart FTSE 100 INDEX
Duration : Period :
FTSE 100 Index Technical Analysis Chart | MarketScreener
Full-screen chart
Top / Flop FTSE 100 INDEX
RELX PLC 1869.5 Delayed Quote.2.75%
SSE PLC 1547 Delayed Quote.2.55%
ASHTEAD GROUP PLC 3832 Delayed Quote.1.91%
SMITH & NEPHEW PLC 1653.5 Delayed Quote.1.79%
ASTRAZENECA PLC 7777 Delayed Quote.1.66%
INFORMA PLC 515.8 Delayed Quote.-2.68%
ASSOCIATED BRITISH FOODS PLC 2254 Delayed Quote.-2.80%
MELROSE INDUSTRIES PLC 175.45 Delayed Quote.-2.82%
NEXT PLC 7914 Delayed Quote.-2.99%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. 151.6 Delayed Quote.-3.41%
Heatmap :