Search
EN Down
Language
Hi, user_no_name
Live Chat

FTSE 100

FTSE 100 edges up on bets of Fed pause, Trainline soars as ticket sales rise 

 

On Thursday, the FTSE 100 in the UK saw an increase following the release of U.S. inflation data, which strengthened expectations that the Federal Reserve would maintain stable interest rates in the upcoming week. Additionally, Trainline, a rail ticketing company, experienced a notable surge in its stock price after reporting higher ticket sales for the first half of the fiscal year. 

The FTSE 100, which is heavily influenced by exporters, advanced by 1% as of 11:30 a.m. BST, hovering above the 7,600 mark, according to Marketwatch data. 

Data from Wednesday indicated that the annual increase in underlying U.S. inflation was the smallest it had been in nearly two years, despite consumer prices registering their most significant rise in 14 months during August. 

Investor attention will now shift to Europe, where the European Central Bank (ECB) will decide on Thursday whether to elevate its key lending rate to a record high in its final move against inflation or opt for a pause as economic conditions deteriorate. 

Choose your points of movement

Сalculate your hypothetical P/L (aggregated cost and charges) if you had opened a trade today.

Market

Shares Search
Shares
Index
Commodity
Bonds
Crypto
ETFs
Currency

Instrument

Search
Clear input
Occidental
Prosus N.V.
Porsche AG
Hermes
CAT
Thermo Fisher
Nikola Corporation
Tilray
Shell plc (LSE)
Skillz Inc
Iberdrola
DeltaAir
CrowdStrike Holdings
Golar LNG
Applied Materials
Snowflake
Royal Bank Canada
Amazon.com
Spotify
Exxon Mobil
CCB (Asia)
McDonald's
Campari
GameStop
Netflix
ON Semiconductor
Costco
Dave & Buster's
Delivery Hero SE
LUCID
Continental
SunPower
Zoom Video Communications
Schlumberger
Virgin Galactic
Upwork Inc.
Cameco
JP Morgan
Fuelcell
Rivian Automotive
XPeng Inc
Wal-Mart Stores
Trade Desk
Blackstone
Vodafone
Aptiv PLC
L'Oreal
Target
Rio Tinto
Sartorius AG
British American Tobacco
Qorvo
ASOS
Cisco Systems
Nel ASA
Arista
Airbus
Apple
Pfizer
AMC Entertainment Holdings
ASML
Hubspot
Teladoc
Starbucks
SMCI
Canopy Growth
Wish.com Inc
Lockheed Martin
ProSiebenSat.1
IAG
AbbVie
Marston's
Baidu
Teleperformance
Norwegian Air Shuttle
Airbus Group SE
HSBC HK
Block
Annaly Capital
Abbott
LVMH
American Express
Novavax
GoPro
Siemens
Total
SIG
Pinterest Inc
Taiwan Semi
Etsy
Amgen
SONY
3D Systems
UPS
Yandex
BlackBerry
Gen Digital Inc
Xiaomi
Quanta Services
Unity Software
NVIDIA
Anglo American
Palantir Technologies Inc
Fresnillo
Deere
Rolls-Royce
Porsche
Uber
Vir Biotechnology
American Airlines
ROBLOX Corp
Macy's
FirstRand
easyJet
DISNEY
Aurora Cannabis Inc
BP
Adidas
Boeing Co
Vonovia
Coca-Cola Co (NYSE)
Home Depot
General Electric
Coinbase Inc
ALIBABA HK
Philip Morris
General Motors
PayPal
UniCredit
II-VI
BASF
Kraft Heinz
Alphabet (Google)
Palo Alto Networks
Evraz
Plug Power
Li Auto
Oracle
Roku Inc
UiPath Inc
Upstart Holdings Inc
F5 Networks
Infinera
Inditex
ZIM Integrated Shipping Services Ltd
Deutsche Bank
Hammerson
IBM
JD.com
Barrick Gold
Lemonade
MerckCo USA
Infosys
Invesco Mortgage
Comcast
Santander
Accenture
Anheuser-Busch Inbev
Visa
Mastercard
Ozon
T-Mobile
SAP
Wayfair
Beyond Meat
Kuaishou
CarMax
Tesla
Lyft
Medtronic
Adobe
Morgan Stanley
Workday Inc
Blackrock
Vipshop
Meta (Formerly Facebook)
Linde PLC
Micron
Lululemon
Ceconomy
Chipotle
Gilead
Naspers
Bristol Myers
The Cheesecake Factory
Glencore plc
British American Tobacco
ChargePoint Holdings Inc
Twilio
Intel
Lloyds
CNOOC
Electrolux
Wells Fargo
Sea
PG&E
Fedex
Citigroup
Peloton Interactive Inc.
eBay
Microsoft
JnJ
Bilibili Inc
Trump Media & Technology Group
AIA
Nasdaq
Air France-KLM
Allianz
Lithium Americas Corp
Procter & Gamble
Qualcomm
AMD
New Oriental
MercadoLibre.com
Mondelez
Lumentum Holdings
Two Harbors Investment aration
AstraZeneca
Norwegian Cruise Line
Unilever
GoHealth
PepsiCo
Barclays
PETROCHINA
Goldman Sachs
Eli Lilly
HSBC
Cellnex
Berkshire Hathaway
Jumia Technologies
HDFC Bank
RTX Corp
Bayer
Bank of America
Chevron
ADT
DoorDash
Marriott
Nike
AT&T
GSX Techedu
Robinhood
Telecom Italia
Deliveroo Holdings
TUI
Freeport McMoRan
Toyota
BioNTech
Airbnb Inc
Alibaba
Verizon
Nio
Eni
Ford
Hanesbrands
Volkswagen
UnitedHealth
Shopify
China Life
Snap
Christian Dior
Conoco Phillips
Lufthansa
Tencent
Moderna Inc
Salesforce.com
Broadcom
Diageo
Toro
Cinemark

Account Type

Direction

Quantity

Amount must be equal or higher than

Amount should be less than

Amount should be a multiple of the minimum lots increment

USD Down
$-

Value

$-

Commission

$-

Spread

-

Leverage

-

Conversion Fee

$-

Required Margin

$-

Overnight Swaps

$-
Start Trading

Past performance is not a reliable indicator of future results.

All positions on instruments denominated in a currency that is different from your account currency, will be subject to a conversion fee at the position exit as well.

FTSE 100 news: Mining shares, Trainline edge index higher 

 

The FTSE 100’s top stock performers were Rio Tinto (RIO) and Anglo American (AGLJ), which saw their stock prices increase by 3.0% each after J.P. Morgan raised the price targets for both mining companies. 

The broader industrial metal miners sector climbed by 2.3%, further bolstering the benchmark index and leading sectoral gains. 

In the broader FTSE 250 index, the firm that saw the largest increase was Trainline, whose shares surged by 11.2% following the company's announcement of increased ticket sales for the first half of the 2024 fiscal year and a share buyback program worth up to £50 million ($62.4 million). 
 
During the period from February 1 to August 31, the online rail ticket retailer experienced a substantial 23% year-on-year increase in total net ticket sales, reaching £2.65 billion. This growth drove revenue up by 19% to £197 million. 

Conversely, shares of real estate firm Unite Group, product testing company Intertek Group, and aerospace supplier Melrose declined between 1.3% to 1.8%, as they traded ex-dividend. 

FTSE 100 forecast: Mining stocks lead in Thursday trading 

 

The FTSE 100’s top performers as of Thursday, September 14, were mining giants Rio Tinto and Anglo American, both of which were upgraded by U.S. bank J.P. Morgan. 

A TipRanks consensus forecast for Rio Tinto, based on 13 Wall Street analysts offering one-year price targets for the firm in the last 3 months, had an average price target of 4,916.93p with a high forecast of 7,400.00p and a low forecast of 64.00p. The average Rio Tinto stock price forecast represented a -5.61% change from the last price of 5,209.00p — although multiple analysts cited in the forecast are yet to be update their projections. 

A week earlier, Argus assigned Rio Tinto a "Buy" rating along with a price target of $72, classifying the stock as a "value opportunity." The analyst found the company's current yield of approximately 6.3% appealing, indicating its potential value proposition. Additionally, the stock's current price-to-earnings ratio of 8 times was deemed low, despite the company's consistent history of outperforming the industry. This suggests that the stock should command a higher valuation, according to the analyst's research note to investors. 

As for the Anglo American stock price forecast, TipRanks cited an average price target of 2,763.59p  (high forecast of 3,364.50p, low forecast of 2,496.24p), which indicated a potential 25.30% change from the last price of 2,205.50p. 

Contrary to J.P. Morgan’s take, Barclays analyst Ian Rossouw lowered the firm’s price target on Anglo American to 2,900p from 3,000p on September 12. Barclays maintains an Overweight rating on the shares. 

According to a broader FTSE 100 forecast outlined by economic data aggregator TradingEconomics, the index could show a potential reading of 7327.88 points by the end of this quarter, indicating a bearish trajectory. Looking forward, the platform saw the UK’s top market index dropping to trade at 6894.89 in 12 months' time. 

 

When considering shares and indices for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss. Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.   

Latest news

Markets weigh reaction to Trump assassination attempt on Monday

Monday, 15 July 2024

Indices

Markets relatively muted after Trump assassination attempt

yen and dollar

Sunday, 14 July 2024

Indices

Forex Watch: US dollar dipped

coffee beans and red upward arrow

Sunday, 14 July 2024

Indices

Commodities prices overview

Investors move on small cap stocks as June US inflation unexpectedly soft

Friday, 12 July 2024

Indices

Investors rotate into small caps on soft June US inflation

Live Chat