UK stocks dip at start of policy decision-packed week, Entain drops
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
FTSE 100, FTSE 250 down 0.2% each
BoE rate decision due on Thu
Computacenter drops after CFO exit
UK's Bunzl gains after RBC upgrades to 'outperform'
Dec 16 (Reuters) -UK's FTSE 100 index slipped on Monday ahead of a raft of major central bank interest-rate decisions, with Entain dropping on Australian financial crime watchdog's initiated legal proceedings against it.
The FTSE 100 .FTSE was down 0.2% at 0930 GMT, with Entain ENT.L taking the biggest hit, down 5%, after the watchdog said its online betting platforms breached Australia's anti-money laundering and counter-terrorism financing laws.
Household goods .FTNMX402020 and beverage stocks .FTNMX451010 were the top laggards, while chemical stocks .FTNMX552010 led gains as Johnson Matthey JMAT.L jumped 6.4% after shareholder Standard Investments urged the company to launch a strategic review.
The domestically-focussed FTSE 250 was also down 0.2%, with Computacenter CCC.L dropping 6% after the technology and services provider's finance chief Christian Jehle stepped down.
Among other stocks, Bunzl BNZL.L rose 1.4% after RBC upgraded the specialist international distribution and services group to "outperform" from "sector perform".
All eyes are on the trajectory of global monetary policy, as the rate decisions by the U.S. Federal Reserve, Bank of Japan and Bank of England are lined up this week.
While the Fed is expected to cut rates by 25 basis points on Wednesday, the BoE is widely seen holding rates on Thursday, with a similar expectation for the Bank of Japan.
On the data front, British manufacturers reported the sharpest loss of confidence since the start of the COVID-19 pandemic in the face of higher costs including tax increases by the new government, a group representing the sector said.
Meanwhile, average asking prices for newly listed houses and apartments fell by 1.7% in December, but activity was robust, property website Rightmove said.
Reporting by Ankika Biswas in Bengaluru; Editing by Varun H K
For related prices, Reuters users may click on - *
UK stock report .L
FTSE index: 0#.FTS6
techMARK 100 index: .FTT1X FTSE futures: 0#FFI:
Gilt futures: 0#FLG: Smallcap index: .FTSC
FTSE 250 index: .FTMC FTSE 350 index: .FTLC
Market digest: .AD.L Top 10 by vol: .AV.L
Top price gainers: .NG.L Top % gainers: .PG.L
Top price losers: .NL.L Top % losers: .PL.L
* For related news, click on - *
UK hot stocks: HOT and GB Wall Street: .N
Gilts report: GB/ Euro bond report GVD/EUR
Pan European stock report: .EU
Tokyo stocks: .T HK stocks: .HK
Sterling report: GBP/ Dollar report: USD/
* For company prices, click on - *
Company directory: UKEQ By sector: FTAX
* For pan-European market data, click on - *
European Equities speed guide................ EUR/EQUITY
FTSE Eurotop 300 index........................... .FTEU3
DJ STOXX index................................... .STOXX
Top 10 STOXX sectors........................ .PGL.STOXXS
Top 10 EUROSTOXX sectors................... .PGL.STOXXES
Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S
Top 25 European pct gainers.................... .PG.PEUR
Top 25 European pct losers..................... .PL.PEUR
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
