miners pull Britain’s FTSE lower
Federal Reserve meeting, with the likelihood of further economic uk canada goose stimulus https://www.canadagooseoutlet4online.com seen as already discounted.
The FTSE 100 was down 23.41 points, or 0.4 percent at 5,340.30 cheap Canada Goose at 1046 GMT, midway between session highs and lows and consolidating after a 2.0 percent advance on Tuesday.
Integrated oils were the biggest drag on blue chip sentiment, led by BP down 1.1 canada goose uk outlet percent, as the crude CLc1 price retreated ahead of the Fed decision. central bank, which concludes its canadian goose jacket two day policy meeting later, would act to push down already low long term interest rates by tilting its portfolio towards longer maturities in a move known as Twist rather than announce more quantitative easing.
Traders said Operation Twist has largely been priced in, meaning the buy canada goose jacket cheap upside canada goose uk black friday was likely to be limited should it be announced.
is probably going to be a bit of a damp squib in the end, because it is all very well selling short cheap canada goose uk dated (assets) to buy back long dated to bring in their interest rates, But Canada Goose sale it is not going to have a huge impact, and not necessarily going to get the Canada Goose Parka 14 million unemployed back in canada goose clearance sale work, said Angus Campbell, head of sales at Capital Spreads.
Miners stayed under pressure, with Antofagasta and Xstrata among the worst off, down canada goose coats 3 percent and 1.5 percent respectively, while commodities trader Glencore was the top blue chip faller, down 3.4 percent.
Precious Canada Goose Coats On Sale metal miners bucked the dull trend, with Fresnillo ahead 2.2 percent as the gold price rose on support from investors searching for safe havens.
Technical factors also provided support for Fresnillo, according to Andrew Gibson, canada goose clearance Head Canada Goose Jackets of Research at canada goose uk shop Galvan.
in Fresnillo have bounced off the current level of the 50 day moving average at 1,839 pence and while above the intraday low of today at 1,910 pence, the upside indicates canada goose the bottom of the September gap Canada Goose Online down towards 2,100 pence as a near term target, Gibson said, with Galvan repeating a stance on canada goose coats on sale Fresnillo.
Banks were canada goose black friday sale also higher, extending Tuesday advance as bargain hunters held sway, with part state owned Lloyds Banking Group the top blue chip riser, up 5.2 percent, while Royal Canada Goose Outlet Bank of Scotland added 2.1 percent.
IMPERIAL IN DEMAND An in line trading update supported gains in Imperial Tobacco, ahead 1.2 percent, with Investec Securities repeating its rating on the cigarette manufacturer.
view Imperial Q4 update as positive and reassuring relative to expectations. Revenue and volume performance has improved in Q4 against toughening comps, Investec said.
SABMiller shed 0.4 percent as the brewer agreed to buy Foster Group men’s canada goose outlet for an increased price of A$5.10 per share valuing its Australian peer at A$9.9 billion ($10.2 billion). [IDLnL5E7KL1WU]
Ex dividend factors clipped 1.5 points off the FTSE 100 index on Wednesday, with Aggreko, Aviva, International Power and Petrofac all trading without their dividend attractions. (Additional reporting by Trisha Wright; Editing by Dan Lalor)
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