FTSE falters on poor China data, with BP slipping ahead of results

Discussion in 'Market News' started by Lily, Feb 1, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    New month starts on uncertain note as crude oil dips again

    With yet more disappointing Chinese data knocking back crude prices, commodity companies are again among the leading fallers as markets edge lower.

    After a turbulent January for investors, February is getting off to a downbeat start with the FTSE 100 currently down 20.01 points at 6063.78.

    [This] is the biggest order since new chief executive Warren East took over at the company in July last year and good to see Rolls can still beat General Electric. However IFRS 15 [ a new accounting standard which comes into force in 2018] still clouds the earnings horizon and investors will need to wait until the end of the decade for more attractive cash generation. Hence, we remain on hold.

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