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Stock markets: FTSE 100 gains led by mining and telecom shares

By Indrabati Lahiri

11:02, 22 November 2021

Image of stocks chart
Stocks chart – Credit: Shutterstock

UK stocks climbed up on Monday, with the FTSE 100 gaining on the back of increased dealmaking activity, with several mergers in the works, such as mining company BHP’s merger of its petroleum division with Woodside. This merger is expected to create a new global energy company.

European stocks reflected the same sentiment with the Euro Stoxx 50 inching up, as the telecommunications industry gained with Vodafone and BT Group shares pulling up the market.

Overnight in Asia, Hong Kong’s Hang Seng index dipped as well, with the US S&P 500 index following suit.

What’s interesting today: Private equity company, Apollo Global Management, based in New York, revealed that it was considering buying out retail giant Marks and Spencer. This caused the latter’s shares to rally on Monday, as the deal could open up a whole new market for the company.


16,908.50 Price
-0.760% 1D Chg, %
Long position overnight fee -0.0261%
Short position overnight fee 0.0042%
Overnight fee time 22:00 (UTC)
Spread 30.0


36,260.80 Price
+0.920% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 11.0


16,001.20 Price
+0.470% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 7.0


16,454.10 Price
+1.340% 1D Chg, %
Long position overnight fee -0.0220%
Short position overnight fee -0.0002%
Overnight fee time 22:00 (UTC)
Spread 8.0
Image of stocks chartStocks chart – Credit: TradingView

Why are stocks up today?

Telecom companies shine: Telecom companies such as Vodafone and BT Group pulled up the market today with shares gaining on the back of new dealmaking activity.

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  • What this means: The telecommunications sector has been one of the few which has been doing well since the start of the pandemic, as more companies moved to remote and flexible working, requiring a major overhaul of communication and technology systems. Thus, companies such as Vodafone and BT Group extending their gains inspired investor hopes that this might be a trend that is likely to continue for the foreseeable future.

Stock markets: key highlights

  • The FTSE 100 inched up 0.30% to touch 7245.0 points
  • The Euro Stoxx 50 reflected the same sentiment by inching up 0.22% to reach 4366.2 points
  • Germany’s DAX index also edged up 0.20% to 16191.9 points
  • France’s CAC 40 gained 0.24% to 7129.4 points
  • The leading sectors were transportation and technology services, whereas mining and consumer non-durables took a hit
  • US S&P futures inched up 0.29% to $4708.0

Market sentiment

  • The CBOE Volatility Index, or VIX, a measure of expected fluctuations in US stocks, climbed up to 17.91
  • The US dollar index inched down to $96.23
  • The US 10-year bond yield index fell to 1.572%

Top stock gainers: UK and Europe

  • In the UK, the best performing companies were Royal Mail, Rightmove and Reckitt Benckiser Group
  • Royal Mail shares have been rallying for the last few days, as the group turned a profit of GBP 311mn on the back of a surge in the parcel business
  • Rightmove shares inched up as singer Robbie Williams’ mansion became one of the most-viewed properties on the property website
  • Reckitt Benckiser saw shares increase after a better-than-expected third quarter
  • In Europe, the top stock gainers were Adyen B.V Parts Sociales, Kone and Schneider Electric
  • Kone shares gained after the company recently introduced its DX Class elevator
  • Schneider Electric shares increased after advancements in their new liquid cooling technology, which will work towards making the company more efficient and sustainable

Top stock losers: UK and Europe

  • On the FTSE 100, the worst performing companies were Antofagasta, Polymetal International and Sage Group
  • Antofagasta shares fell after the group revealed concerns about rising political tensions in Chile
  • Polymetal International shares were downbeat after it recently reported lower-than-expected third quarter performance
  • Sage Group shares suffered as profit margins were tightened
  • On the Euro Stoxx 50, the top stock losers were Iberdrola, Danone and SAP
  • Iberdrola recently announced that it was building two new solar farms in Spain
  • Danone shares tumbled after the company announced that they were planning to convert one of their biggest dairy factories to produce plant-based drinks in the coming year
  • SAP shares inched down, as its Embedded Steampunk system failed to impress users

Stocks news: what you need to know

  • Evergrande’s EV unit plans to raise $346mn for the production of their vehicles
  • Shell announces that they will be acquiring Powershop Australia, an energy retailing company
  • India’s Bharti Airtel touches a 52-week high
  • Teladoc stocks tumble as guidance inches lower


Read more: UK stocks advance as GDP surprises on the upside

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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.
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