|Day's Range||7,013.62 - 7,070.46|
|52 Week Range||6,851.60 - 7,903.50|
European markets edged higher Monday but gains were capped by nagging political worries and a slide in shares of a key auto maker after the Renault Nissan alliance’s board said it would oust Chairman Carlos Ghosn.
Moritz Kraemer, former chief sovereign analyst at S&P ratings agency, told CNBC's "Squawk Box Europe" on Monday that, at current levels, it is clear markets remain underprepared for the prospect a no-deal Brexit. A no-deal scenario is generally considered to be where the U.K. crashes out of the EU without any formal relationship and has to rely on WTO trading rules. The U.K. currency has largely been viewed as a barometer of fear during Brexit negotiations, with sterling suffering steep losses against the dollar last week amid heightened political turmoil.
Global stocks mixed, despite conflicting statements on the fate of U.S-China trade, as dovish comments from Fed Vice Chair Clarida cast bullish tone heading into holiday-shortened week. APEC meeting fails to agree communique as Pence jabs China on unfair trade policies, Beijing says world faces choice between "cooperation and confrontation" at testy meeting in Port Moresby. Oil extends gains as Saudi's push for OPEC cuts, U.S. tensions escalate as White House prepares report on murder of dissident journalist Jamal Khashoggi.
UK shares were slightly higher on Monday amid relative calm as investors fled to safety in defensive stocks after last week's tumult and Prime Minister Theresa May continued to fight for support for her Brexit deal. Miners also helped the FTSE 100 (.FTSE), which was up 0.33 percent at 1016 GMT, outperforming most of its euro zone peers after an earlier rally ran out of steam. "Things are a bit calmer and there's not been anything particularly exciting bearing in mind that end of last week," said Mike van Dulken Mike van Dulken, head of research at Accendo Markets.
European shares inched higher on Monday as signs of an easing in U.S.-China trade tensions boosted mining and technology stocks, while carmaker Renault sank on media reports its CEO would be arrested on suspicion of under-reporting his salary. The pan-European STOXX 600 opened up 0.6 percent but flagged rapidly to trade just 0.2 percent higher by 1000 GMT, after three straight down days. Germany's DAX fell into the red and France's CAC 40 wilted to trade flat as Renault shares dented the index.
The UK pound edged higher against major currencies early in the European trading session on Monday, after the EU’s chief negotiator proposed extending Britain’s transition out of the bloc, and as Theresa ...
The pan-European Stoxx 600 was up around 0.15 percent during early afternoon deals, with most sectors and major bourses in positive territory. Renault slumped to the bottom of the index after Nissan said its Chairman, Carlos Ghosn, was under investigation for allegedly violating Japanese financial laws. Italy's banking index was on track for its best trading day since the start of the month, following reports France and Germany could be set to lay out plans for a limited joint euro zone budget.
The EU’s chief Brexit negotiator has proposed extending Britain’s transition out of the bloc until as late as December 2022 in a move that could prolong free movement of people to the UK and big payments ...
LONDON—The U.K. economy has so far weathered the political storm surrounding Brexit pretty well. Researchers at the Centre for European Reform, a London think tank focused on European Union policy, estimate the economy was 2.5% smaller at the end of the second quarter than it would have been had voters chosen in 2016 to stay in the EU. Growth in the U.K. slowed after the referendum as economies such as the U.S., France and Germany kicked into higher gear, a reflection of subdued investment and a squeeze on consumer wallets from a burst of inflation.
Investors still looking for protection are now going to have to pay up. “It’s getting more expensive if you want to buy options,” said Ian Gunner, who runs a currency fund at Altana Wealth. James Hassett, currency trader at Barclays, believes investors are expecting a move to as high as $1.35-40 or down to $1.15-20, depending on whether the final outcome is seen as positive or negative.
Geo-politics will remain center stage with Britain and Italy heading to their final showdowns, while trade talk chatter will also influence.
Wall Street capped a day of volatile trading with a late-afternoon buying spree that sent U.S. stock indexes to a mostly higher finish Friday.
It’s hard to imagine a more chaotic run-up to Britain’s exit from the European Union. Here’s why investors can’t ignore it.
A late afternoon wave of buying moved U.S. stocks higher Thursday. Gains in health care and energy companies powered the market higher. It also got a brief boost earlier after President Donald Trump expressed optimism that the U.S. and China will reach a deal to resolve their costly trade dispute.
British Land and Land Securities are U.K. REITs that have been hammered by the political fighting over leaving the European Union. At these price levels, they look like pretty safe ways to collect healthy dividends.
UK shares closed lower on Friday, ending a fragile comeback earlier in the session as banks extended heavy losses and bore the brunt of investor worries about Brexit, while multinational companies fell on the strong pound. The FTSE 100 (.FTSE) ended down 0.3 percent as the pound rose 0.5 percent, recovering from its worst day since 2016 on Thursday after Britain's Brexit minister quit in protest over a draft deal with Brussels on leaving the European Union. It was down 1.3 percent on the week, capping one of the most turbulent weeks in the prolonged Brexit process that has roiled global financial markets.
By Helen Reid and Julien Ponthus LONDON (Reuters) - European shares wobbled and closed just in the red after a choppy session on Friday as traders waited to see if Britain's Prime Minister Theresa May ...
European shares wobbled and closed just in the red after a choppy session on Friday as traders waited to see if Britain's Prime Minister Theresa May would face a no-confidence vote over her draft European Union divorce deal. Italy's budget showdown with the European Commission also did little for risk appetite. French media company Vivendi's quarterly results helped to lift the media sector 0.55 percent.
European markets struggle Friday, finishing in the red and with chunky weekly losses, as concerns about the U.K.’s Brexit deal again hit top banks, and chip makers are dented after Nvidia Corp. warn on weaker sales ahead.
London’s main stock index logs another losing session Friday, driven by banks and drug companies, and continued political turmoil over Brexit plans. .
Global stocks mixed amid tech sector demand concerns, U.S.-China trade talk progress, following weaker-than-expected third quarter earnings from Nvidia. Asia stocks book modest gains as dollar softens, but Japan's Nikkei 225 slumps as chip and game stocks slide in the wake of Nvidia's gloomy Q4 outlook. Currency markets continue to gyrate following last night's 1.6% Brexit-triggered plunge in the pound, with Prime Minister Theresa May vowing to see her Brexit deal through Parliament.
FT subscribers can click here to receive Market Forces every day by email. Resignations by ministers and a divided UK cabinet tell us that Theresa May’s Brexit deal is already in trouble. A leadership ...
There was no relief for some of the UK stocks most exposed to the potential economic fallout from a disorderly Brexit, while dollar earners helped the FTSE 100 to a modest rise on Friday. Investors continued ...
European shares recovered on Friday as investors licked their wounds after a tumultuous week and strong results from Vivendi boosted the media sector. The pan-European stocks index was still on course for a weekly loss after two straight weeks of gains, though, as Brexit chaos, Italy's budget showdown with the European Commission, and anxious oil markets sapped risk appetite. The tech market lagged the market with the weakest sectoral performance, up just 0.3 percent, after disappointing results from U.S. chipmaker Nvidia, the latest in a string of negative news for tech components producers.
British Prime Minister Theresa May is hanging on to her post despite growing backlash to her Brexit plan. Yahoo Finance’s Oscar Williams-Grut has details from London.