Miners, financials pull FTSE 100 to two-month low; Prudential top drag

Miners, financials pull FTSE 100 to two-month low; Prudential top drag

– London’s FTSE 100 fell to a two-month low on Monday, dragged by heavyweight miners and financial stocks, while concerns about rising inflation also weighed on the index ahead of a rate decision by the Bank of England (BoE) this week.

The blue-chip FTSE 100 index dropped 0.9%. Miners Glencore and Rio Tinto and financial stocks Prudential and HSBC Holdings led the declines.

Britain’s Prudential Plc fell 4.6% to be the top loser on the FTSE 100 after saying on Saturday it plans to raise HK$22.5 billion ($2.9 billion) through a concurrent public offer and international share placing on the Hong Kong Stock Exchange.

The domestically-focussed mid-cap index fell 0.8%, with travel stocks being among the top drags.

Investors now await the BoE’s policy meeting this week for a timeline on its plan to ease its massive pandemic stimulus, against the backdrop of rising price pressures due to supply chain disruptions and higher energy prices.

Energy stocks were also among top losers, with shares of heavyweights Royal Dutch Shell and BP falling 1.2% and 0.7% respectively.

Internet Explorer Channel Network
News Related

OTHER NEWS

Uzbekistan's government delegation discusses border security with Taliban

The talks are reported to have focused on the implementation of infrastructure projects, which include the construction of the Surkhan-Puli-Khumri transmission line and the Termez-Mazar-i-Sharif-Kabul-Peshawar railway Read more »

UK-France power link hit by fire set for partial restart ahead of plan

– Britain’s National Grid expects its 2-gigawatt power link with France, which has been offline for an extended outage, to be running at half capacity a few days sooner than ... Read more »

Hungary's opposition vote to select who will run against Viktor Orbán

The political catchphrase amongst Hungary’s opposition parties in the run-up to the spring election is “anyone but Orban”. The opposition held primaries on Saturday that will decide who runs against ... Read more »

Angela Merkel hopes Germany continues to work with Turkey

© Provided by Al Jazeera President Erdogan and Merkel chat on the balcony of Huber Mansion before their meeting in Istanbul [Murad/Reuters] Istanbul, Turkey – In a farewell visit, outgoing ... Read more »

Britain records 43,423 new COVID cases, 148 deaths

LONDON – Britain reported 43,423 new COVID-19 cases on Saturday, government statistics showed, with the total number of cases recorded between Oct. 10 and Oct. 16 up 12.8% from the ... Read more »

Italy's unions rally against neo-fascist groups after violent protests

© Reuters/REMO CASILLI FILE PHOTO: Protest against “Green Pass” in Rome ROME (Reuters) – Italy’s biggest workers’ unions rallied in Rome on Saturday and called on the government to dissolve ... Read more »

Iran's navy repels attack on Iranian oil tanker in Gulf of Aden - official

Commander of Iran’s Navy Amir Shahram Irani added that five pirate boats were involved in the attack Read more »

Merkel vows continuity on last visit to Erdogan

© Ozan KOSE Merkel and Erdogan developed close but complex relations during her 16 years in power Chancellor Angela Merkel on Saturday vowed continuity in Germany’s relations with Turkey that ... Read more »

OSCE Special Monitoring Mission says it did not observe kidnapping of LPR observer

Meanwhile, the Mission noted that it is ready to participate in resolving the issue Read more »

Factbox-Reaction to the stabbing of UK lawmaker Amess

LONDON – A 69-year-old British lawmaker in Prime Minister Boris Johnson’s Conservative Party has been stabbed several times while meeting his constituents at a church, witnesses and media said. Below ... Read more »

WHO to send in experts to prevent sexual abuse after Congo scandal

By Stephanie Nebehay GENEVA -The World Health Organization said on Friday it is deploying experts on preventing sexual exploitation in 10 “high-risk” countries, after a major scandal in the Democratic ... Read more »

Romania's hospitals overwhelmed with unvaccinated patients

Romania’s health service has been overwhelmed by unvaccinated patients in the midst of a brutal fourth wave of COVID-19. In Bucharest, ambulances have had to queue outside the Matei Bals ... Read more »

Instantview: Germany's SPD, Greens, FDP agree roadmap for coalition talks

BERLIN – Three German parties agreed a roadmap to form a new German government on Friday that included no tax increases, the minimum wage, and commitments on infrastructure spending. Following ... Read more »

Mexico president to meet U.S. climate adviser Kerry near Guatemala

MEXICOCITY -President Andres Manuel Lopez Obrador will meet U.S. climate adviser John Kerry on Monday near Mexico’s southern border with Guatemala, where the two men are expected to discuss a ... Read more »

UN says shelter supplies land at Uzbek border for northern Afghans

GENEVA – The first of three planned aid flights landed in Uzbekistan on Friday, carrying shelter supplies to be taken by truck for tens of thousands of displaced people in ... Read more »

How do politicians around the world stay safe?

© Getty Images Dutch PM Mark Rutte has often been seen cycling to work meetings The killing of British MP Sir David Amess has highlighted the dilemma facing politicians worldwide. ... Read more »

Korea Aerospace says fighter jet, helicopter prototypes on track ahead of expo

By Josh Smith SACHEON, South Korea – Korea Aerospace Industries (KAI) said on Friday its flagship KF-21 fighter jet and Light Attack Helicopter (LAH) projects are on track to meet ... Read more »

Russia accuses U.S. of attempting to violate territorial waters -Ifax

MOSCOW -A Russian military vessel thwarted an alleged attempt by destroyer USS Chafee to violate Russian territorial waters in the Sea of Japan on Friday, the Interfax news agency reported, ... Read more »

As Erdogan set for another tour, Turkey deepens ties with Africa

© Provided by Al Jazeera Erdogan visited Somalia in 2016 to open Turkish-sponsored projects, including health facilities and the largest Turkish embassy in the world [File: Mohamed Abdiwahab/ AFP] East ... Read more »

Russia exceeds 1,000 daily COVID deaths for first time

© Provided by Al Jazeera The surging outbreak has come with just 31 percent of Russians fully inoculated as of Saturday [File: Tatyana Makeyeva/Reuters] Russia has reported more than 1,000 ... Read more »

EU, China agree to hold summit, Michel says after Xi call

BRUSSELS – European Council President Charles Michel said on Friday that the European Union and China would hold a summit soon, after a call with Chinese President Xi Jinping. “On ... Read more »

U.S.-Mexico land border reopening set for Nov. 8, says Mexican foreign minister

MEXICOCITY – The U.S.-Mexico land border reopening to non-essential travel will begin on Nov. 8, Mexican Foreign Minister Marcelo Ebrard said on Friday, after more than a year of pandemic-caused ... Read more »

NASA probe to study Jupiter's asteroids

Read more »

Canada PM Trudeau to unveil new cabinet, vows gender balance despite losses

OTTAWA -Canadian Prime Minister Justin Trudeau said on Friday he would reshuffle his cabinet on Oct. 26 and ensure there was a gender balance, even though he lost female ministers ... Read more »

U.S. FDA advisers vote in favor of booster for J&J COVID-19 vaccine

– A panel of advisers to the U.S. Food and Drug Administration on Friday voted to recommend the authorization of a second dose of Johnson & Johnson’s COVID-19 vaccine for ... Read more »

Germany's SPD, Greens and FDP leaders want formal coalition talks

By Holger Hansen and Sarah Marsh BERLIN -Leaders of Germany’s centre-left Social Democrats (SPD) and two smaller parties will recommend moving into formal coalition talks and have agreed a road ... Read more »

New crew docks at Chinese space station

Chinese astronauts have began their six-month mission on China's first permanent space station after successfully docking aboard their spacecraft. The astronauts, two men and a woman, were seen floating around ... Read more »

Don't just talk - act on climate, Queen Elizabeth signals to world leaders

By Guy Faulconbridge LONDON -Britain’s Queen Elizabeth said she was irritated by world leaders who talk about climate change but do nothing to address global warming, and added it was ... Read more »

German couple take refuge on boat as volcano threatens their Spanish home

By Bart Biesemans LA PALMA – Juergen Doelz and his girlfriend Jacqueline Rehm were in the process of selling their small sailboat on the Spanish island of La Palma when ... Read more »

Florida school gunman Cruz to plead guilty to murder, lawyer says

By Barbara Goldberg -Nikolas Cruz will plead guilty to murder in the 2018 mass shooting that killed 17 students and staff at Marjory Stoneman Douglas High School in Parkland, Florida, ... Read more »

Turkey plans military action against Syrian Kurdish YPG if diplomacy fails

By Orhan Coskun ANKARA – Turkey is preparing for possible further military action against a U.S.-backed Kurdish militia in northern Syria if talks on the issue with the United States ... Read more »

ASEAN ministers meet to discuss stuttering Myanmar peace plan

By Rozanna Latiff KUALALUMPUR – Southeast Asian foreign ministers began a special meeting on Friday to try to address a political crisis in Myanmar, with some countries set to push ... Read more »

Hezbollah says it won't be dragged into war after Beirut bloodshed

By Maha El Dahan and Laila Bassam BEIRUT -The Lebanese Shi’ite group Hezbollah said on Friday it would not be dragged into civil war even as it stepped up accusations ... Read more »

U.S. to lift curbs from Nov. 8 for vaccinated foreign travelers - White House

By David Shepardson WASHINGTON -The White House on Friday said it will lift COVID-19 travel restrictions for fully vaccinated foreign nationals effective Nov. 8, ending historic restrictions that barred much ... Read more »

Suspected Kenyan serial killer believed killed by mob

NAIROBI – A suspected Kenyan serial killer of children who said he drank the blood of his victims is believed to have been killed by a mob in his home ... Read more »

Norway bow-and-arrow attack suspect transferred to health services

By Victoria Klesty KONGSBERG, Norway – A man suspected of killing five people with a bow and arrow and other weapons in Norway was in the care of health professionals ... Read more »

Norway bow-and-arrow attack likely linked to mental illness - police

By Victoria Klesty KONGSBERG, Norway -The man who killed five people with a bow-and-arrow and other weapons in Norway was probably suffering from mental illness, police said on Friday. The ... Read more »

Russia and China hold joint naval drills in Sea of Japan

MOSCOW – Russia and China held joint naval drills in the Sea of Japan on Friday and practised how to operate together and destroy floating enemy mines with artillery fire, ... Read more »

China's Xi calls for progress on property tax in drive for prosperity

BEIJING – China’s President Xi Jinping warned against government over-promising on social welfare amid a push to achieve “common prosperity” by mid-century, while demanding progress on a long-awaited property tax ... Read more »

Japan's PM Kishida and S.Korea's Moon discuss lingering wartime disputes

TOKYO -Japan’s new prime minister Fumio Kishida on Friday told reporters he had spoken with South Korean President Moon Jae-in urging an “appropriate” response on disputes including compensation for forced ... Read more »