Advertisement
UK markets close in 42 minutes

  • FTSE 100

    8,037.90
    +14.03 (+0.17%)
     

  • FTSE 250

    19,756.90
    +157.51 (+0.80%)
     

  • AIM

    754.72
    +5.54 (+0.74%)
     

  • GBP/EUR

    1.1627
    +0.0038 (+0.33%)
     

  • GBP/USD

    1.2448
    +0.0098 (+0.79%)
     

  • Bitcoin GBP

    53,606.38
    +353.53 (+0.66%)
     

  • CMC Crypto 200

    1,439.53
    +24.77 (+1.75%)
     

  • S&P 500

    5,059.71
    +49.11 (+0.98%)
     

  • DOW

    38,457.69
    +217.71 (+0.57%)
     

  • CRUDE OIL

    82.12
    +0.22 (+0.27%)
     

  • GOLD FUTURES

    2,335.00
    -11.40 (-0.49%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • DAX

    18,103.33
    +242.53 (+1.36%)
     

  • CAC 40

    8,093.42
    +53.06 (+0.66%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

BUZZ-European equities: the "buy on the dips" candidates

Reuters - UK Focus

** Several previously well-liked stocks at attractive entry points as the market recovers from an index-wide sell-off

** European equities trading higher for the first time in June : profit-taking sees brokers urging clients to buy into highest conviction ideas as market recovers

** Citi's oversold indicator (3 closes with 100+ stocks oversold on proprietary metrics) triggered for first time in 2015

** Holding Stoxx 600 for a 20 day period after indicator triggered has on average returned 5.4 pct with a 92 pct hit rate over the past 4 years, broker says

** Number of attractive options also seen on a single stock basis

ADVERTISEMENT

** Nestle (VTX: NESN.VX - news) noted as a buy on an RSI basis, stock has rallied strongly when at similar levels previously. Chart: http://link.reuters.com/rys84w

** Next (Other OTC: NXGPF - news) now trading in line with M&S on an EV/EBIT basis

** Other quality stocks printing low RSIs and cited by traders as oversold include GlaxoSmithKline (Other OTC: GLAXF - news) , Bouygues (EUREX: B2YG.EX - news) , Shire (Xetra: S7E.DE - news) and Novartis (Xetra: 904278 - news)

** Man Group (LSE: EMG.L - news) among worst underperformers v index in last two weeks, also screens strongly on an RSI basis, has been hurt by bond unwind but worst of the selling appears to be over

** Total mentioned by multiple traders in oil space, also helped by its refining capabilities as margins improve (RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)