Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Heavyweight financials, exporter stocks drag FTSE 100 lower

Published 14/06/2019, 08:20
Heavyweight financials, exporter stocks drag FTSE 100 lower
UK100
-
STEMS
-
FRES
-
FTMC
-
FTNMX301010
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 down 0.2%, FTSE 250 flat
* Financials, dollar earners drag on main index
* Recruiter SThree rises after strong international hiring

June 14 (Reuters) - London's main index inched lower on
Friday due to losses in heavyweight financial companies and
exporter stocks, while small-cap recruiter SThree advanced after
reporting strong hiring in its international markets.
The FTSE 100 .FTSE shed 0.2% and the FTSE 250 .FTMC was
roughly flat by 0704 GMT.
An index of UK banks .FTNMX8350 , which has been under
pressure this week after protests in Hong Kong against a Chinese
extradition bill, slipped for the fourth straight session.
The dollar was also subdued ahead of a key U.S. Federal
reserve meeting next week where investors are expecting an
interest rate cut, hitting exporters such as BAT BAL.L .
Precious metals like gold were in demand as a result. Miner
Fresnillo FRES.L added 1.6%.
Small-cap SThree STHR.L , which hires workforce for
financial, energy, banking and pharmaceutical companies, gained
4% as its net fees rose due to strength in its international
markets.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.