|Day's Range||6,834.92 - 6,984.36|
|52 Week Range||6,536.50 - 7,903.50|
By Julien Ponthus and Helen Reid LONDON (Reuters) - European shares jumped to their highest level in six weeks as signs of a detente in the trade war between the United States and China lifted markets ...
By Muvija M and Shashwat Awasthi (Reuters) - British blue-chip stocks rebounded sharply on Friday to bag four weeks of gains despite a tumultuous week in UK politics, helped by improving global sentiment ...
European markets were up on Friday, after reports that the U.S. is considering reducing tariffs on Chinese imports raised investor hopes
London markets were up on Friday, after a potential tariff lift on Chinese exports is considered by the U.S.
Asia stocks test one-month highs on optimism that trade talks will bear fruit, with Japan leading the charge thanks to improved risk appetite and a weaker yen. Global oil prices jump after OPEC reports the biggest monthly drop in output in two years in December as it prepped for the start of 1.2 million in agreed production cuts in 2019. U.S. equity futures indicate a modestly stronger opening on Wall Street ahead of December manufacturing data and fourth quarter earnings from Schlumberger, Sun Trust Banks and State Street.
BEIJING (AP) — Global stocks rose Friday after investors saw signs of possible progress toward a resolution of the U.S.-Chinese tariff war.
Fidelity International's multi-asset fund has moved to overweight on emerging-market equities and cut cash holdings to underweight, the asset manager said on Friday. Emerging-market equity valuations are attractive while the headwinds of dollar strength and high oil prices are fading, said James Bateman, chief investment officer of multi asset at Fidelity International. Fidelity's decision to add more risk to portfolios shows the willingness of some big investors to buy back into stocks after a torrid year that culminated in the worst December for U.S. stocks since the Great Depression.
LONDON (Reuters) - Bank of America Merrill Lynch cut its forecast for euro area growth in 2019 to 1.1 percent from 1.4 percent on Friday, saying uncertainty over trade policy and weak Chinese data were ...
Rather like the seasons, investors’ preferences and fears come and go, but one opinion has held sway among professional custodians of money for some time: steer clear of the UK. Taking the long view, a case can certainly be made that UK equities and sterling look cheap. In the case of the UK, that is particularly apt if we were to see a hard Brexit or a badly managed exit from the EU.
The pan-European Stoxx 600 was up almost 1 percent during mid-morning deals, hitting its highest level since December 5. Market focus is largely attuned to global trade developments, after the Wall Street Journal reported Thursday that U.S. Treasury Secretary Steven Mnuchin proposed lifting all or some of the tariffs on Chinese imports. European stocks were higher Friday morning, after a report of progress on U.S.-China trade talks raised hopes of a breakthrough in their long-running dispute.
By Danilo Masoni MILAN (Reuters) - A profit warning from Societe Generale and U.S. frictions over Chinese tech giant Huawei weighed on European shares on Thursday, although the worries gradually faded ...
Investors in British stocks turned their focus from political to company developments on Thursday as results from software firm Sage, Primark owner ABF, and bookmaker GVC triggered big moves and weak house sales data dented shares in housebuilders. The FTSE 100 (.FTSE) slid 0.4 percent, extending Wednesday's fall and in line with a slide in euro zone stocks, while the domestically focussed mid-cap FTSE 250 (.FTMC) rose 0.3 percent as sterling hit its highest since mid-November. Financials were the biggest drag on the FTSE 100 as Europe's banking sector sold off after weak results from Societe Generale (SOGN.PA), and investors received Prime Minister Theresa May's win in a no-confidence vote with little fanfare.
Stocks came under modest pressure early Thursday, as earnings misses from Morgan Stanley and CSX weighed, and the Dow Jones industrials faced a key test.
EUROPE MARKETS European indexes were in the red on Thursday, as French bank Société Générale SA announced it expected its fourth-quarter capital markets revenues to fall by around 20%. In the U.K., Prime Minister Theresa May has survived a no-confidence vote, freeing her to start cross-party discussions on finding a way forward on Brexit.
A weak earnings report from Morgan Stanley had US futures down about -0.35% in the early pre-market session. The UK FTSE 100 was the biggest loser in early Thursday trading, down more than -0.80% at midday. In Asia, the Hang Seng led the losses as traders and investors take advantage of the liquidity event.
London markets were down on Thursday, as investors weighed up earnings results and took a cue from weaker global stocks.
Global stocks weaken amid concerns over the fate of U.S.-China trade talks as lawmakers target Huawei and ZTE with a bill targeting export bans. China Vice Premier Liu He confirms he'll attend two-days of talks in Washington starting January 30. Global oil prices slip lower as the U.S. dollar gains, EIA data shows domestic production rose to a record 11.9 million barrels per day last week.
The pan-European Stoxx 600 edged down around 0.1 percent during mid-morning deals, with almost all sectors and major bourses in negative territory. Europe's banking index was among the worst performers Thursday morning, down around 0.6 percent amid earnings news. Market focus is largely attuned to the latest Brexit developments, after Prime Minister Theresa May narrowly won a no-confidence vote late Wednesday.
Asian shares were mostly higher Thursday after strong earnings reports lifted indexes on Wall Street. But a report that the U.S. was investigating China's Huawei for allegedly stealing trade secrets from ...
British members of Parliament are beginning to vote in a no-confidence motion against Prime Minister Theresa May's government that was brought by opposition leader Jeremy Corbyn. The vote is not expected to oust the government. The Conservative and pro-Brexit European Research Group, which was instrumental in bringing a leadership challenge against May in December that ultimately failed, said they would back the government. The Norther Irish Democratic Unionist Party is also expected to back the Tories. Should Parliament express it has no confidence in the government after all, and no other government can gain confidence within 14 days, a general election would have to be called. May earlier said when addressing Parliament that having a new general election would be the worst possible option. U.K. stocks and bonds were closed at the time the vote began, and the British pound was little changed at $1.2858.
With so much uncertainty following Tuesday’s vote against a Brexit deal, are right to look past yet another episode in the saga before they can draw a clearer picture.
Britain's blue chip stocks fell on Wednesday as a stronger pound lured investors toward cheap domestic companies and away from exporters after Prime Minister Theresa May's heavy Brexit defeat, while weak results weighed on Pearson. The prime minister's historic defeat was seen as reducing the chance of a hard Brexit even as uncertainty ahead of a no confidence vote in May's government on Wednesday evening kept volumes muted. This is the harsh reality of progress during these unprecedented Brexit negotiations," said Richard Flax, Chief Investment Officer at Moneyfarm.
While markets are buying the view that the historic defeat suffered by Prime Minister Theresa May in parliament cuts the chances of a chaotic Brexit, some financial advisors are urging clients not to overestimate their ability to make bets on British politics. The overwhelming rejection of May's deal to leave the European Union has, so far, triggered a mild rise in the pound, lured buyers into domestic British companies and been a slight positive for Ireland's top share index (.ISEQ), a barometer of Brexit sentiment. Some investors have started covering bearish short positions in British banks and housebuilders, among the sectors hit hardest by uncertainty over Britain's painful divorce from the European Union.
By Helen Reid LONDON (Reuters) - European shares closed the day in positive territory on Wednesday as British Prime Minister Theresa May's resounding defeat in a parliamentary vote on her Brexit deal gave ...
* UK parliament deals crushing blow to Brexit deal * FTSE 100 down 0.5 pct, Euro Stoxx up 0.5 pct * Bank shares jump (Adds closing prices) By Helen Reid LONDON, Jan 16 (Reuters) - European shares closed the day in positive territory on Wednesday as British Prime Minister Theresa May's resounding defeat in a parliamentary vote on her Brexit deal gave a boost to continental banks. Analysts and investors interpreted the outcome as a positive for the market, making a "softer, later" Brexit more likely despite the uncertainty ahead of a no confidence vote in May's government later on Wednesday. The Euro Stoxx finished the session up 0.5 percent, with most indexes on the continent in the black while London's FTSE lagged, down 0.5 percent, as a firming pound weighed on multinational exporters which make the lion's share of their earnings in foreign currencies.