Stock Market News
Sector movers: Loose talk sinks ships
Like the day before, it was some of the more defensive issues in the market that bore the brunt of selling despite the rout in equities worldwide, with recent slight shifts in expectations for policy tightening by the Federal Reserve in 2018 apparently triggering a sharp rise in stockmarket volatility as government bonds markets in the US, and elsewhere, came under pressure.
Similar to Monday's price action, shares of some of the major telecommunications groups also saw heavy selling, but this time it was concentrated in the mobile telecommunications space, as analysts at Credit Suisse highlighted a group of stocks it estimated had a higher than average risk profile.
In particular, they highlighted Altice, Mediclinic, Korian, Talk Talk, The AA, Premier Foods and Countrywide as companies where "the bond market therefore has an above average influence on the equity story too.
"[...] These companies are seen as most sensitive to changes in operational or cash flow performance or where rising yields may have a significant impact on the equity story."
Other London-listed names included in the broker's 26-long list of European small and mid cap stocks with above average risk profiles were: Debenhams, Devro, BBA Aviation and Greene King.
Top performing sectors so far today
Bottom performing sectors so far today
Electricity -3.90%
Gas, Water & Multiutilities -3.85%
Oil Equipment, Services & Distribution -3.75%
Life Insurance -3.60%
Fixed Line Telecommunications -3.19%
Similar to Monday's price action, shares of some of the major telecommunications groups also saw heavy selling, but this time it was concentrated in the mobile telecommunications space, as analysts at Credit Suisse highlighted a group of stocks it estimated had a higher than average risk profile.
In particular, they highlighted Altice, Mediclinic, Korian, Talk Talk, The AA, Premier Foods and Countrywide as companies where "the bond market therefore has an above average influence on the equity story too.
"[...] These companies are seen as most sensitive to changes in operational or cash flow performance or where rising yields may have a significant impact on the equity story."
Other London-listed names included in the broker's 26-long list of European small and mid cap stocks with above average risk profiles were: Debenhams, Devro, BBA Aviation and Greene King.
Top performing sectors so far today
Bottom performing sectors so far today
Electricity -3.90%
Gas, Water & Multiutilities -3.85%
Oil Equipment, Services & Distribution -3.75%
Life Insurance -3.60%
Fixed Line Telecommunications -3.19%
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price