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The below stocks have been identified as having potential to register bigger than normal share price moves (up or down) today based on the news cited
Barclays (BARC.L), Lloyds (LLOY.L), Royal Bank of Scotland (RBS.L) - more measured language from many of the Banking industry’s leaders being emanated as bank executives are softening their warnings the U.K.’s looming withdrawal from the EU will spur an imminent exodus from London. Banks are gaining confidence that U.K. PM will be able to secure a lengthy transition period that would carry them over from the current rules to whatever fresh terms of trade are agreed with the EU. Closing prices 212.70p, 59.98p, 208.00p (Bloomberg)
Tesco PLC (TSCO.L) – Tesco has warned its international suppliers not to push up prices to boost their corporate results after a 16% drop in sterling. Even though inflationary pressures were rising in the UK, it would only increase prices if it saw evidence of suppliers coming under "legitimate" cost pressures. Closing price 214.00p (Bloomberg)
Anglo American (AAL.L), Antofagasta (ANTO.L), BHP Billiton (BLT.L), Glencore (GLEN.L), Rio-Tinto (RIO.L), Vedanta (VED.L) - Donald Trump’s election has done nothing to change the Federal Reserve's plans for a rate increase "relatively soon," said Fed Chair Janet Yellen in a Congressional testimony, also pledging to serve out her term. The US Dollar hits a 13-year high making commodities more expensive. Closing prices 1126.50p, 687.50p, 1279.00p, 267.65p, 3021.00p, 810.00p (Reuters)
Centamin PLC (CEY.L), Fresnillo (FRES.L), Hochschild Mining PLC, Randgold Resources (RRS.L) – With an imminent interest rate rise and more of a demand for treasuries, Fed Reserve Chairwoman Janet Yellen noted the new government keep in mind the United States is near full employment and inflation may be rising. Closing prices 139.90p, 1384.00p, 235.00p, 6085.00p (Reuters / Accendo Markets)
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