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Jan. 2, 2019, 5:56 a.m. EST

Unhappy New Year for U.K. investors as FTSE 100 flashes red

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By Emily Horton

U.K. markets reopened after the New Year break on Wednesday and the FTSE 100 promptly followed Europe’s other major indexes by flashing red. Mining companies, in particular, were under pressure.

How are markets trading?

The U.K.’s FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX -5.25%  fell by around 1% to 6,671.66 after finishing 2018 down 12.5% on Monday.

The pound /zigman2/quotes/210561263/realtime/sampled GBPUSD +0.0241% fell to $1.2688 from $1.2745 late on Tuesday in New York.

What is driving the markets?

U.S. stock indexes are poised to sink on the first trading day of 2019 as global markets react negatively to signs of economic weakness in China.

Oil futures also retreated on Wednesday.

In the U.S., President Donald Trump has ramped up pressure on the Democrats in an attempt to secure funding for a border wall between the U.S. and Mexico, inviting them to a bipartisan meeting at the White House amid a partial government shutdown, The Wall Street Journal reported .

Pharmaceutical companies started off the New Year by raising the price of hundreds of drugs, with Allergan PLC /zigman2/quotes/206377386/composite AGN -1.45%   increasing its prices by nearly 10% on more than two dozen products, the Journal also reported .

What stocks are active?

Mining stocks were under pressure on Wednesday. BHP Group PLC /zigman2/quotes/203323256/delayed UK:BHP -6.88% , Evraz PLC /zigman2/quotes/202291633/delayed UK:EVR -4.23% , Antofagasta PLC /zigman2/quotes/200173667/delayed UK:ANTO -3.03% and Glencore PLC /zigman2/quotes/201400686/delayed UK:GLEN -6.16%   all lost just over 4%, while Anglo America PLC /zigman2/quotes/201381512/delayed UK:AAL -3.15%  lost just under 4%. However, Fresnillo PLC /zigman2/quotes/201300065/delayed UK:FRES -3.22%  rose by just over 1%.

Elsewhere, online gambling provider GVC Holdings PLC /zigman2/quotes/207493593/delayed UK:GVC -4.85%  gained 2%, retailer Next PLC /zigman2/quotes/200704121/delayed UK:NXT -11.09% added 2% and online supermarket Ocado Group PLC /zigman2/quotes/207225647/delayed UK:OCDO -0.52%   rose by 1.5%.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
5,510.33
-305.40 -5.25%
Volume: 834,872
March 27, 2020 4:45p
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/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.2455
+0.0003 +0.0241%
Volume: 0.0000
March 27, 2020 4:59p
loading...
/zigman2/quotes/206377386/composite
US : U.S.: NYSE
$ 173.00
-2.54 -1.45%
Volume: 3.42M
March 27, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
1.71%
Market Cap
$56.92 billion
Rev. per Employee
$934,166
loading...
/zigman2/quotes/203323256/delayed
UK : U.K.: London
1,187.60 p
-87.80 -6.88%
Volume: 9.92M
March 27, 2020 4:35p
P/E Ratio
8.16
Dividend Yield
9.49%
Market Cap
£60.05 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202291633/delayed
UK : U.K.: London
239.90 p
-10.60 -4.23%
Volume: 4.18M
March 27, 2020 4:35p
P/E Ratio
13.89
Dividend Yield
25.31%
Market Cap
£3.46 billion
Rev. per Employee
£140,781
loading...
/zigman2/quotes/200173667/delayed
UK : U.K.: London
742.00 p
-23.20 -3.03%
Volume: 2.74M
March 27, 2020 4:35p
P/E Ratio
18.67
Dividend Yield
3.72%
Market Cap
£7.32 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201400686/delayed
UK : U.K.: London
124.00 p
-8.14 -6.16%
Volume: 47.00M
March 27, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£16.36 billion
Rev. per Employee
£1.04M
loading...
/zigman2/quotes/201381512/delayed
UK : U.K.: London
1,352.00 p
-44.00 -3.15%
Volume: 4.59M
March 27, 2020 4:35p
P/E Ratio
6.25
Dividend Yield
6.53%
Market Cap
£16.57 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201300065/delayed
UK : U.K.: London
727.60 p
-24.20 -3.22%
Volume: 1.23M
March 27, 2020 4:35p
P/E Ratio
33.39
Dividend Yield
1.61%
Market Cap
£5.36 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207493593/delayed
UK : U.K.: London
482.80 p
-24.60 -4.85%
Volume: 3.30M
March 27, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
7.29%
Market Cap
£2.81 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200704121/delayed
UK : U.K.: London
4,008.00 p
-500.00 -11.09%
Volume: 724,383
March 27, 2020 4:35p
P/E Ratio
8.55
Dividend Yield
4.34%
Market Cap
£5.11 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207225647/delayed
UK : U.K.: London
1,237.50 p
-6.50 -0.52%
Volume: 2.59M
March 27, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£8.67 billion
Rev. per Employee
£112,886
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