CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Stock markets: FTSE 100 dips as BHP prepares to leave index

By Indrabati Lahiri

13:02, 21 January 2022

Image of stocks chart as red figures on a black screen
The FTSE 100 has dipped following the departure of mining stocks such as BHP – Photo: Shutterstock

UK stocks dropped on Friday morning, with the FTSE 100 index pulled down by mining stocks such as BHP. This came as the company prepared to leave the index following its December announcement of a unification attempt between its Australian and UK arms.

European stocks reflected the same sentiment, with the Euro Stoxx 50 lagging behind on the back of lacklustre company earnings. This, combined with investor anxiety about the looming timeline of monetary policy tightening, contributed to investor sentiment being considerably dampened.

Overnight in Asia, Hong Kong’s Hang Seng (HK50) index climbed up, however the US S&P 500 (US500) index dipped.

What’s interesting today: British restaurant and public house chain The Restaurant Group (LON: RTN) climbed up by approximately 2.8% on Friday, following the group outlining their upbeat yearly forecasts.


18,168.50 Price
-0.260% 1D Chg, %
Long position overnight fee -0.0228%
Short position overnight fee 0.0009%
Overnight fee time 21:00 (UTC)
Spread 5.5


32,851.00 Price
-0.060% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 2


15,770.80 Price
+0.450% 1D Chg, %
Long position overnight fee -0.0200%
Short position overnight fee -0.0022%
Overnight fee time 21:00 (UTC)
Spread 1.5


14,251.80 Price
+0.050% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 1.8

M&C Saatchi (LON: SAA) has announced that their Financial Conduct Authority (FCA) investigation would now be put to rest, and no enforcement action would be implemented.

Why are stocks down today?

Mining stocks pull market down: The FTSE 100 index was lowered on Friday by mining stocks such as BHP as it prepared to leave the index.

What is your sentiment on UK100?

Vote to see Traders sentiment!
  • What this means: Mining companies have been some of the most affected during this pandemic, especially in China, where demand for metals and ores has been among the highest in the world. However, with property developers such as Evergrande facing tough times this past year, BHP leaving the FTSE 100 index comes as a fresh blow to the mining sector, which is still struggling to regain its feet post-Omicron.

Stock markets: key highlights

  • The FTSE 100 (.UK100) index dropped 0.91% to 7516.0 points.
  • The Euro Stoxx 50 (.EU50)index fell 1.22% to 4247.2 points.
  • Germany’s DAX (.DE40) index dipped 1.18% to 15724.5 points.
  • France’s CAC 40 (,FR40) index inched lower 1.14% to 7112.2 points.
  • The leading sectors in the UK were energy and consumer non-durables.
  • US S&P 500 futures fell 0.24% to $4464.

Market sentiment

  • The CBOE Volatility Index, or VIX (.VIX), a measure of expected fluctuations in US stocks, increased to 25.59
  • The US dollar index dropped to $95.84
  • The US 10-year bond yield index also fell to 1.811%

Top stock gainers: UK and Europe

  • The top stock gainers in the UK were BP, British American Tobacco and Anglo American
  • BP extended its gains following oil prices hitting a seven-year high recently
  • British American Tobacco shares rallied following the company holding on to its Global Top Employer position for five consecutive years
  • Anglo American shares increased following the company recently announcing a Brazilian mine partnership with Vale
  • The best performing companies in Europe were Prosus, Adyen B.V. Parts Sociales and Prudential
  • Prosus shares extended their gains following the company being upgraded to “buy” by Goldman Sachs
  • Prudential shares increased following the company launching AR filters on their social media pages to increase financial literacy

Top stock losers: UK and Europe

  • The worst performing companies in the UK were Dechra Pharmaceuticals, Halma and Croda International
  • Dechra Pharmaceuticals struggled to recover its losses following a lackluster rating by BNP Paribas recently
  • Halma shares dipped for the last several days following a “hold” rating from a number of brokerages
  • Croda International shares tumbled following the company’s recent call to divest of its industrial chemicals unit
  • The top stock losers in Europe were Santander, Roche and Novo Nordisk
  • Santander shares dipped following the bank’s Marlow High Street branch being replaced by a Laurents Deli
  • Roche recently brought back a Huntington’s disease medicine
  • Novo Nordisk pledged to focus more on their obesity-fighting projects

Stocks news: what you need to know today

  • Indian stocks drop for the fourth consecutive day amidst widespread sell-off
  • BIOCON inches up to a one-month high, as third quarter results emerge
  • Hindustan Unilever shares rally following robust quarter


Markets in this article

Anglo American
22.625 USD
0.38 +1.710%
Banco Santander
3.090 USD
0.035 +1.160%
British American Tobacco - GBP
25.71 USD
0.04 +0.160%
4.583 USD
0.045 +0.990%
Croda International plc
61.30 USD
1.05 +1.750%

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 535.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading