|Day's Range||7,012.56 - 7,070.38|
|52 Week Range||6,866.90 - 7,903.50|
Britain’s economy is strong, stocks are inexpensive relative to those in the U.S., and when the Brexit drama passes, the pound sterling should rise.
The U.K.’s main equity index finish higher for the day and week on Friday, pushing aside weakness across global markets and tensions surrounding the Italian budget.
Italian stocks finish a choppy session near break even after an European Union commissioner offers comments that reduced some worries of a EU-Rome clash.
Britain's top share index fell on Friday, led by Intercontinental Hotels Group after disappointing results and budget airline EasyJet Plc following a broker downgrade amid growing gloom in the travel sector. The FTSE 100 reversed earlier gains and was down 0.3 percent by 0926 GMT. Topping the FTSE 100 losers, InterContinental's weaker-than-expected revenue added to the downbeat mood and stirred concerns about the cooling travel sector, even after the hotel chain said it would return 500 million euro ($572 million) to shareholders through a special dividend.
’s move to increase control of the LCH clearing business may add to the prospects of a merger under new CEO David Schwimmer, AJ Bell says. Meanwhile, LSE Group’s third-quarter results showed positive momentum in its clearing and index operations, AJ Bell says. slide 6%, topping the list of FTSE 100 fallers, after the company said that comparable revenue per available room rose 1% in the third quarter, and that it is confident in the outlook for the rest of the year.
Asian stocks clawed back losses on Friday as China's efforts to bolster investor confidence helped its share markets rally, although data showing the world's second-largest economy growing at the slowest pace since 2009 capped broader gains. The MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent after earlier falling as much as 0.9 percent ahead of the release of China's latest GDP reading. Spreadbetters in Europe expect shares in Germany, where big exporters are sensitive to the health of China's economy, to fall at the open, with the DAX seen opening down 0.15 percent.
The British royal family needs impeccable timing and a strong sense of duty, but arranging for a royal baby to arrive around the March 29 date set for Brexit next year is going above and beyond. Sadly for the government, the announcement of Meghan Markle’s pregnancy—along with a minor royal wedding—hasn’t managed to distract from its troubles at the negotiating table with the European Union. Despite the crisis, the London stock market is calm, and those looking for bargains will be disappointed.
Europe’s main equity benchmarks finish Thursday’s session lower after spending much of the day trading in the green thanks to better-than-expected corporate results.
The U.K.’s main equity index on Thursday trades slightly higher, benefiting partly from lackluster trade in the British pound.
BEIJING (AP) — Asian stock markets sank Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed.
With U.K. and EU officials at an impasse over the thorny issue of the Irish customs border, there is still no clarity on what will happen post-divorce. A soft Brexit with a clear outline for future economic ties remains most investors’ base scenario, once the day arrives. The EU is now aiming for a December summit to complete an agreement, though an earlier meeting is still possible, a government official told Bloomberg News.
European markets are feeling the pinch from disappointing earnings. Yahoo Finance’s Alanna Petroff has details from London.