|Day's range||7,601.94 - 7,645.47|
|52-week range||6,866.90 - 7,903.50|
European stock markets headed mostly lower on Monday, as Angela Merkel’s tenure as German Chancellor came under threat and the trade conflict between the U.S. and China escalated. Germany’s DAX 30 index (^GDAXI) fell 0.6% to 12,936.24, while France’s CAC 40 (^FCHI) gave up 0.5% to 5,476.42. Trade tensions remained in the spotlight after China announced plans for retaliatory tariffs on U.S. goods worth $34 billion, including soybeans, whiskey and electric cars.
U.K. stocks moved slightly lower on Monday, tracking a downbeat mood across Europe, where fears of an escalating trade conflict between the U.S. and China and political uncertainty in Germany sent markets lower. Trade tensions remained in the spotlight after China announced plans for retaliatory tariffs on U.S. goods worth $34 billion, including soybeans, whiskey and electric cars. Beijing’s move comes after U.S. President Trump last week approved a first round of levies on about $50 billion in Chinese products and reportedly was drawing up a list for a second wave of tariffs against China.
Shareholders in 22 of the country’s biggest listed banks are in line for a record haul of almost $170bn in dividends and stock buybacks over the coming year, according to Barclays research, about a quarter more than in 2017.
Ructions in Westminster and angst over Brexit negotiations shouldn’t stop investors from buying U.K. stocks that remain undervalued and out of favor, according to Morgan Stanley. Despite the uncertain political backdrop, London-listed equities often perform well as the global business cycle ages, and should benefit from higher commodity prices, strategists including Andrew Sheets wrote in a note to clients Friday. Furthermore, British companies are also seeing an increase in buybacks and merger-and-acquisition activity, boding well, according to their analysis.
Should we set greater store by art that carries the biggest price tag? As one of the capital’s best-known showcases of contemporary work, the exhibition will provide exposure that may well nudge up the electronic price tag on Ara’s steel-and-neon creation even further.
The FTSE 100 initially tried to rally during the week, breaking out towards the 7800 level before turning right back around to form a shooting star. This is an area that has been very noisy to begin with, and it is a recent high, so it makes sense that we continue to struggle to find directionality.
The FTSE 100 has broken down significantly during the trading session on Friday, as there is a lot of geopolitical concerns out there. What I find interesting though is that we are starting to find support at the bottom of the recent consolidation area.
NEW YORK (AP) — U.S. stocks closed out a whirlwind week with a modest loss Friday as markets gauged how much to fret about the Trump administration's decision to step up the trade dispute between the world's two biggest economies.
Bank stocks fall after ECB callGetty A container ship from China Shipping Line is loaded at the main container port in Hamburg, Germany. The broader Stoxx Europe 600 Index (^STOXX) fell 1% to 389.13, topped by the consumer goods and industrial sectors. Germany’s DAX 30 index (^GDAXI) retreated by 0.7% to 13,010.55, but posted a 1.9% weekly advance, and Spain’s IBEX 35 (^IBEX) dropped 1.1% to 9,851, but held on to a 1.1% weekly climb.
The United Kingdom’s FTSE 100 Index closed higher on Thursday and broke the two-day losing streak. Carrying forward the strength, the FTSE 100 Index opened higher on June 15 and was trading with mixed sentiment in the morning session.
Earnings news drove Adobe and Canada Goose, while trade-sensitive stocks dived Friday on the latest skirmish in the U.S. and China trade war.
U.K. stocks fell Friday, pulling back from a nearly four-week high, with mining stocks knocked by worries about escalating tensions between the U.S. and China on trade issues.
Rolls-Royce rallied 13 per cent on Friday after the maker of jet engines said it is “well-placed” to exceed its target of £1bn of free cash flow by 2020. The British group led the benchmark FTSE 100 index ...
It also follows Mr Trump’s decisions in recent weeks to begin levying tariffs on steel and aluminium imports from Canada, the EU and Japan, provoking a rift with G7 allies. The Hang Seng index in Hong Kong was flat.
The FTSE 100 exploded to the upside reaching towards the 7775 handle. That’s an area that has been the top of the overall consolidation area that the market has been in for some time, so it makes sense that the market has struggled a bit to break above there.
Oil and mining stocks led the FTSE 100 to a triple-digit loss in response to the White House’s announcement of $50bn in new tariffs on Chinese imports. Pressure on emerging market currencies also hit financial ...
A defining test is hurtling towards Margrethe Vestager, Europe’s antitrust enforcer, as she enters the final year of her mandate. The Dane must rule on the merger of two national darlings — French trainmaker Alstom and the railway division of Siemens, its German rival. CRRC, the world’s largest train maker, was formed in 2015 to sell trains and services into Europe and beyond and enjoys Beijing’s backing.
Chinese growth concerns were the one big drag on the market and mining stocksReutersEuropean Central Bank President Mario Draghi will hold a press conference Thursday. Stocks across Europe surged by the most in more than two months as the euro got walloped following the European Central Bank’s policy decision to wrap up crisis-era bond purchases by the end of 2018 and keep interest rates low for at least another year. The ECB’s plan’s to bring its easy-money programs to an end, on the back of an improving economic picture in Europe, were widely expected.
Rolls-Royce to cut thousands of jobsAFP/Shares of London-listed miners were buffeted by concerns about China’s economic health. U.K. stocks on Thursday finished at the highest level in about four weeks as the pound weakened following the European Central Bank’s decision to begin gradually closing the chapter on its crisis-era monetary policy. Upbeat domestic retail sales figures offset worries about slowing economic growth in China, which had hobbled shares of mining companies in early trade.
Asian stock markets were mixed Friday after Wall Street largely finished with gains following the European Central Bank's announcement to phase out its bond-buying stimulus. Upbeat U.S. data helped bolstered ...
Mylan and Oracle dragged on early trade, but positive news out of Europe sent futures higher, and IPOs Etsy, Huya and Pivotal were poised to nail news highs.
The United Kingdom’s FTSE 100 Index started this week on a stronger note and lost strength as the week progressed. Following a weak performance for two days, the FTSE 100 Index opened lower on June 14 and was trading with weakness in the morning session.
, the consumer goods group, said it was “extremely” unlikely to stay in the UK’s FTSE 100 index once it consolidated its headquarters in the Netherlands, in a blow to some London-benchmarked index funds. about the likely exclusion from the FTSE 100, a popular benchmark index used by funds, once the group dismantles its dual listing structure and makes Rotterdam its single headquarters. “We understand and appreciate that a departure from the FTSE index has negative implications for some investors that are benchmarked to it, however simplification is the right thing for the company and our shareholders as a whole,” said Graeme Pitkethly, finance director, at a conference hosted by Deutsche Bank.
Unilever gave a muted outlook for sales and said it’s “extremely unlikely” to remain in the U.K.’s benchmark FTSE 100 stock index after the company consolidates its headquarters in the Netherlands. The consumer-goods giant said sales growth in the first half is likely to be below the full-year forecast range of 3 percent to 5 percent. The effect of strikes in Brazil will cut sales by 150 million euros ($177 million) in the second quarter, it said.
Graham Birch Graham Birch, a former BlackRock fund manager, now owns and runs two farms in southwest England. The Londoner ran funds that invested in gold and other metals while working as head of BlackRock’s natural-resources investment team.