Mining sector remains weak

In mid-morning trading the FTSE 100 is down 20 points, as as the mining sector is still fragile after the slump yesterday on the back of Chinese trade figures. 

The Asian powerhouse is depending too heavily on credit for its growth, but who will fill the gap when their appetite for metals falls?  

Traders are reluctant to go long on banks as they play wait-and-see for the Crimea crisis to play out; the possibility of a war is forcing dealers to remain on the sidelines. 

The grey market on the Poundland IPO is now indicating a market capitalisation of £1.06 billion; this is a healthy premium above the £750 million IPO value. The recent success of Twitter and Royal Mail flotations, and record highs in global equity markets, has encouraged a flurry of market listings, including Pets at Home. Our clients are indicating a market capitalisation of £1.57 billion for the specialist retailer on our grey market, as they anticipate that the market will trade higher on the day of the flotation. 

Foxtons has pleased its shareholders by not only posting a 57% rise in profits but also announced a special dividend. Foxtons know all too well the benefits of floating on the stocks market; the share price has risen steadily since their float over 18 months ago. 

In the US, we are expecting the Dow Jones to open five points lower at 16,390 as traders take their profits. 

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Find articles by analysts

Een artikel zoeken

Form has failed to submit. Please contact IG directly.

  • Ik wens per e-mail informatie van IG Group bedrijven te ontvangen over handelsideeën en IG's producten en diensten.

Voor meer informatie over hoe wij uw gegevens mogelijk kunnen gebruiken, bekijkt u ons Privacy- en toegangsbeleid en onze privacy website.

CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen. 79% van de retailbeleggers lijdt verlies op de handel in CFD’s met deze aanbieder.
Het is belangrijk dat u goed begrijpt hoe CFD's werken en dat u nagaat of u zich het hoge risico op verlies kunt permitteren.
CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.