|Day's Range||7,228.19 - 7,297.83|
|52 Week Range||6,536.50 - 7,903.50|
While both indexes have risen for the last five sessions on hopes that a potentially disruptive no-deal Brexit would be averted, the FTSE 250 slumped on growing concerns that May's deal would be rejected for the third time by parliament. The FTSE 100 was up 0.6 percent by 1159 GMT, as global mining giants were lifted by a surge in iron ore futures on supply concerns after Vale's output cuts.
Global shares hit their highest levels in five months and the dollar dipped on Monday, as traders began to price in the likelihood of the U.S. Federal Reserve sticking to an accommodative stance at its policy meeting this week. European markets extended a run of gains, helped by a jump in shares in German lenders Deutsche Bank and Commerzbank after they confirmed over the weekend that they were in talks to merge. Britain's FTSE 100 outperformed its European peers with a nearly 0.7 percent gain at the start of a week that could see parliament voting for a third time on Prime Minister Theresa May's Brexit plan after ruling out a near-term no-deal exit.
European stocks extended a recent run of gains on Monday as a flurry of dealmaking reports, including merger talks between German lenders Deutsche Bank and Commerzbank, spurred gains in the financial services sector. Shares in the two banks rose by more than 3 and 6 percent respectively, lifting Europe's banking sector by nearly 1 percent and pulling the pan-European STOXX 600 index higher.
Global stocks rose to their highest in five months and the dollar dipped on Monday as traders began to price in an accommodative stance from the U.S. Federal Reserve at its policy meeting this week. European markets extended a run of gains, helped by a jump in shares in German lenders Deutsche Bank and Commerzbank after they confirmed over the weekend they were in talks to merge. Britain's FTSE 100 outperformed its European peers with a 0.3 percent gain at the start of a week that could see parliament voting for a third time on Prime Minister Theresa May's Brexit plan after ruling out a near-term no-deal exit.
The pan-European Stoxx 600 was up around 0.1 percent during mid-morning deals, with most sectors and major bourses in positive territory. Deutsche Bank and Commerzbank surged to the top of the European benchmark Monday morning. It comes after Germany's largest lenders confirmed they were in merger talks over the weekend.
Shares of U.K. insurer Phoenix Group Holdings are appealing for several reasons including their pending inclusion in a key British stock index and a stable, hefty dividend, according to Barron's. Starting on Monday, Phoenix Group will be included in the FTSE 100 index which means fund managers that track that index will need to buy the stock. The company also is expected to pay a bigger dividend than its life-insurance industry peers, according to Barron's. The article cited a Barclays report that said it expects Phoenix’s dividend yield to total 7.5 percent this year, above 7 percent for Legal & General Group and 6.7 percent for Dutch life insurer Aegon.
Phoenix Group consolidates pension funds and life insurance policies as they wind down. The big dividend is backed by a resilient balance sheet.
Britain's parliament approved asking the European Union for a short delay if lawmakers can agree on a Brexit deal by March 20, or a longer delay if nothing can be agreed in time. Stocks deemed to be less risky at times of economic uncertainty also contributed to gains with consumer giant Unilever, tobacco firm British American Tobacco and pharmaceutical company GlaxoSmithKline rising. Spreadex analyst Connor Campbell said the need for the EU to unanimously approve any delay meant some uncertainty remained, thus drawing investors to defensive stocks.
London markets climbed on Friday, rising as global stock markets climbed on trade hopes, while investors also digested this week’s third major vote from U.K. parliament on Brexit. Meanwhile, the British pound (GBPUSD) climbed to $1.3265 from $1.3242 late in New York on Thursday, continuing the week’s gains.
European markets were positive on Friday, as investors took stock of the latest U.K. parliamentary vote to ask E.U. leaders to extend Britain’s withdrawal from the E.U.
Global stocks rose on Friday after a report that U.S.-China trade talks were making progress and a vote by UK lawmakers to delay Britain's exit from the European Union. European stocks markets opened higher, with the pan-European STOXX 600 index reaching its highest since October. Britain's benchmark FTSE 100 index outperformed, boosted by growing expectations Britain will not leave the EU on March 29 without a deal.
Wall Street futures bump higher on plans for fiscal stimulus in China and last night's Brexit delay vote, helping the S&P 500 extend its 12% year-to-date gain. China vows tax cuts, market reforms, in "employment first" economic stimulus as U.S. trade talks slowing edge forward. Bank of America Merrill Lynch says U.S. stocks see net inflows of $25.5 billion this week, the highest in a year, as investors dump emerging market stocks to ride Wall Street's bullish wave.
European shares rose to a five-month high on Thursday, boosted by strength in the banking sector after Britain's parliament voted to reject a disorderly Brexit. Sentiment improved from cautious to upbeat after the open, ahead of another vote on Thursday evening that could delay Britain's planned departure from the European Union. "We now see a 60 percent chance (up from 55 percent) that a close variant of the prime minister's current Brexit deal is eventually ratified," Goldman Sachs analysts wrote.
The domestically-focussed FTSE 250, more exposed to outcomes of Brexit proceedings, rose 0.6 percent. Wednesday's parliamentary vote paved the way for another one on Thursday that could delay Britain's exit from the European Union until at least the end of June.
With only 15 days to go until the U.K. is set to leave the European Union, much remains in flux. There is no deal in place, and lawmakers can’t seem to agree on a course of action. So what’s next?
London markets were up on Thursday, after U.K. lawmakers voted on Wednesday night that Britain should not leave the European Union without a withdrawal agreement in place
Wall Street futures suggest modest declines in cautious Thursday trading amid reports of a delay in the planned trade summit between Presidents Trump and Xi. European stocks hit a five-month high after UK lawmakers vote to remove "hard Brexit" risk, but significant uncertainty over the government's next steps, and today's vote on a Brexit extension, keep gains in check. Global oil prices extend gains, holding WTI crude near three-month highs, as OPEC cuts, US sanctions and a bigger-than-expected EIA drawdown continue to support markets.
European markets gained on Thursday, as investors prepare for the U.K. parliament’s next Brexit vote on whether to extend Britain's March 29 deadline to leave the European Union
European shares hit a five month high in morning trading on Thursday after the British parliament voted to reject a disorderly Brexit. Markets remained in a cautious mood however as another crucial vote to delay leaving the European Union is pending on Thursday evening. The pan-European STOXX 600 was up 0.3 percent at 0817 GMT while the FTSE 100 was down 0.1 percent.