Just caught the UK market action today and it's been a bit of a rollercoaster. FTSE 100 started steady enough, hitting 10,482 earlier in the session, but then gave up those gains pretty quickly. By midday we're sitting around 10,345, down about 0.65% - miners took a real hit with Anglo American off 3.4%, Glencore down 2.5%, and Endeavour Mining sliding 2.3%. Even the banks that opened on a steady footing couldn't hold on to their gains as the day went on. Retail stocks also got hammered - Marks & Spencer dropped 3.2%, Kingfisher 3.1%, Persimmon down 2.7%. On the flip side, some names like RightMove are up over 3% and Autotrader Group gaining 2.7%, so not all bad news. Meanwhile the property market's showing some interesting signs. House prices picked up steam recently with annual growth hitting 1.3% in February, the fastest pace in four months. That beat economists' expectations of 0.9% and pushed average property prices to a new record of GBP 301,151. Month-on-month we saw a 0.3% increase, which is solid but slower than January's 0.8% jump. Seems like the property sector's stabilizing even if equities are being a bit choppy today.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin