|Day's Range||7,146.83 - 7,208.09|
|52 Week Range||6,536.50 - 7,903.50|
Possible that the UK ends up with a longer extension to Brexit, says Bob Parker, investment committee member at Quilvest Wealth Management.
U.K. Prime Minister Theresa May will put a version of her Brexit withdrawal agreement to a vote in Parliament on Tuesday, according to local reports. This will be the third vote on May's deal, which has previously been rejected in January and earlier this month. The U.K. was scheduled to leave the European Union by March 29, but last week secured an extension that would postpone the deadline to June 30 if May's deal was supported by lawmakers. If the deal is rejected, the U.K. will have until April 12 to decide on next steps or leave the EU without a withdrawal agreement. The British pound pared earlier losses following the reports and was last up 0.2% at $1.3242.
US stocks steady as stronger-than-expected reading of German business sentiment takes sting from yield curve inversion following heavy selling overnight in Asia. U.S. Treasury curve slopes positive between 3-month bills and 10-year notes, after tipping into inversion for the first time since 2007 last week, as Chicago Fed President Evans plays down the chances of near-term recession. US equity sentiment gets a modest boost from Muller report conclusions, which suggest there was no Russian collusion with the Trump campaign during the 2016 election, even as many questions regarding the probe remain unanswered..
Satellite operator Inmarsat jumped after agreeing to be bought out. The FTSE 100 was down 0.4 percent by 0940 GMT, recovering some initial losses after a survey on Monday showed that German business morale improved in March. "Having seen a decent recovery from the lows at the end of last year, global stocks appear to have run out of steam, if Friday's sharp declines are anything to go by," said CMC Markets analyst Michael Hewson.
The FTSE 100 Index retreated 0.5 percent as Prime Minister Theresa May is hoping for one more chance to put the divorce agreement she’s negotiated with the European Union to a vote in the House of Commons this week. Oil stocks, including BP, fell, as Brent retreated.
Global stocks retreat on growth concerns as bond markets continue to suggest near-term recession in the world's biggest economy and manufacturing data hits multi-year lows. U.S. Treasury curve remains inverted between 3-month bills and 10-year notes after tipping for the first time since 2007 last week, although Chicago Fed President Evans plays down the implications for near-term recession. US equity sentiment gets a modest boost from Muller report conclusions, which suggest there was no Russian collusion with the Trump campaign during the 2016 election, even as many questions regarding the probe remain unanswered..
Brexit, U.S – China trade talks, the Robert Mueller Report and a mass of economic data will provide the markets with plenty to consider in the week ahead.
While a Brexit extension cut the Pound’s losses for the week, risk aversion and a yield curve inversion drove demand for the Greenback and the Yen.
The former Reed & Elsevier publishing company is transforming itself into a tech player powered by artificial intelligence. Investors should give the new RELX a fresh look.
Preliminary PMI figures for the eurozone missed analysts expectations, hitting markets in Europe, and driving German bund yields to below 0 for the first time in two years.
The FTSE 100 shed almost 150 points as it sank 2 percent and the more domestically-exposed FTSE 250 slipped 1.8 percent or almost 350 points. Both indexes suffered their worst day since December. Sterling rallied after the euro weakened and as European Union leaders gave Prime Minister Theresa May two more weeks, until April 12, to decide how to leave the European Union.
London markets sank along with their European peers as the latest eurozone purchasing managers index (PMI) figures signaled a broad-based slowdown on the continent. Sterling strength, notably against the euro, also drove down equities, given many U.
Stocks slide after European manufacturing PMI falls to lowest level since 2013, while a new orders index hits a 2012 trough, as trade disputes hammer exports in the world's biggest economic bloc. US Treasury Department sanctions on two Chinese shipping firms accused of helping North Korea evade restrictions on its nuclear weapons program rattle nerves ahead of next week's trade talks. U.K. Prime Minister Theresa May given two-week reprieve to win support for her twice defeated Brexit deal, raising the stakes of Britain's exit even higher heading into April.
Global stocks edge higher following last night's tech-lead rally on Wall Street, although gains were capped by concerns for the strength of the world economy. US Treasury Department sanctions on two Chinese shipping firms accused of helping North Korea evade restrictions on its nuclear weapons program rattle nerves ahead of next week's trade talks. U.K. Prime Minister Theresa May given two-week reprieve to win support for her twice defeated Brexit deal, raising the stakes of Britain's exit even higher heading into April.
IHS Markit's flash euro zone composite PMI fell to 51.3 in March from 51.9 the previous month — analysts were expecting a reading of 52. The disappointing economic data added to market jitters over the Federal Reserve's subdued outlook. Brexit was another area of focus, as the EU agreed to an extension to the date of the U.K.'s withdrawal from the bloc.
The FTSE 100 bounced 0.9 percent, comfortably outperforming its European peers, as the pound dipped amid growing concern that a no-deal Brexit would become a reality. Many large UK-listed firms earn the bulk of their income abroad in foreign currencies and their shares benefit from a falling pound. The midcap FTSE 250, more domestically focussed, was 0.2 percent lower.
European stock markets slipped for a second day on Thursday, weighed down by financial stocks and a sharp drop in French-Italian glasses company EssilorLuxottica . Frankfurt, Madrid, Dublin and Paris all racked up losses, but in London, a surge in energy shares and a weaker pound drove the FTSE 100 up 0.9 percent to a more than five-month high. The pan-European STOXX 600 index ended just 0.04 percent lower, with banks weaker after Wednesday's shift in U.S. central bank policy and a warning from Switzerland's UBS about investment banking revenues.
Britain's FTSE 100 jumped to its highest level in five-and-a-half months as its multinational stocks got a boost from weaker sterling, while results-driven slumps in engineering firm Renishaw and trading platform IG dented the midcap index. The FTSE 100 bounced 0.9 percent, comfortably outperforming its European peers, as the pound dipped amid growing concern that a no-deal Brexit would become a reality.