Rio Tinto logo

RIO - Rio Tinto News Story

6492p -166.0  -2.5%

Last Trade - 9:05am

Sector
Basic Materials
Size
Large Cap
Market Cap £107.79bn
Enterprise Value £111.65bn
Revenue £31.59bn
Position in Universe 12th / 1828

UPDATE 2-FTSE 100 marks weakest day in three weeks as bank, commodity-linked stocks weigh

Fri 19th March, 2021 9:27am
(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
    * Consumer morale jumps to one-year high
    * Wetherspoon falls on half-yearly loss
    * FTSE 100 down 1.1%, FTSE 250 off 0.7%

 (Updates to close)
    By Amal S
    March 19 (Reuters) - London's FTSE 100 marked its weakest
session since late-February on Friday, as a retreat in U.S.
Treasury yields weighed on bank stocks, while mining and energy
stocks tracked weaker commodity prices.
    The blue-chip FTSE 100 index  .FTSE  was down 1.1%,
underperforming its European peers, and posted its first weekly
decline in three weeks.
    Bank stocks including HSBC holdings  HSBA.L , Barclays
 BARC.L  and Lloyds Banking  LLOY.L  fell between 0.7% and 2.4%
after U.S. Treasury yields retreated from a 14-month high.  US/ 
    Mining stocks including Rio Tinto  RIO.L , Anglo American
 AAL.L  and BHP  BHPB.L , were among the biggest drags on the
index, while oil heavyweights BP  BP.L  and Royal Dutch Shell
 RDSa.L  also fell, tracking a fall in oil and metal prices.
 O/R   MET/L 
    "We have seen a bit of a dip in Treasury yields that has
taken some of the shine off the banking sector and all the
mining and oil companies are suffering from the volatility in
commodity prices," said David Madden, analyst at CMC Markets.
    The domestically focused FTSE 250 index  .FTMC  fell 0.7%,
dragged down by industrials  .FTNMX2720  stocks.
    While optimism about a British economic recovery has seen
the mid-cap index trading close to highs scaled before the
coronavirus pandemic, the FTSE 100 has fallen behind due to its
sensitivity to international markets, particularly commodity
prices, sterling and U.S. Treasury yields.
   In Britain, data showed consumer morale jumped to a one-year
high in March as the public became increasingly confident of a
strong economic rebound from the COVID-19 pandemic.  urn:newsml:reuters.com:*:nL8N2LG5TE
   Pub operator J D Wetherspoon  JDW.L  fell 2.3%, after posting
a half-yearly loss, compared with a year-earlier profit, as
hundreds of its pubs across Britain were shuttered through the
key holiday season due to coronavirus restrictions.  urn:newsml:reuters.com:*:nL4N2LH1TW

 (Reporting by Shivani Kumaresan and Amal S in Bengaluru;
Editing by Ramakrishnan M., Subhranshu Sahu and Alex Richardson)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3677))
 
(( 
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 ))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.