|Day's Range||7,169.37 - 7,211.61|
|52 Week Range||6,536.50 - 7,903.50|
The FTSE 100 was up 0.4 percent and the FTSE 250 was 0.1 percent higher by 0924 GMT. Sterling also fell as lawmakers wrested control of the parliamentary agenda from the government for a day in the hope of breaking the deadlock over Brexit and parliament will hold indicative votes on a range of options on Wednesday. "The pound has continued to absorb most of the political paralysis coming from MPs at Westminster, as headline fatigue starts to become more entrenched amongst currency traders," said CMC Markets analyst Michael Hewson.
Global stocks edge higher, with Asia rising for the first session in three, while investors continue to take cues on risk from movements in fixed income markets. U.K. Prime Minister Theresa May loses yet another Parliamentary vote on Brexit, which will see lawmakers vote for EU exit alternatives, as pressure mounts on her to resign her position. Global oil prices bump higher as OPEC+ production cuts add support to prices that remain near four-month highs.
Ferguson, the FTSE 100 plumbing and heating equipment supplier, said on Tuesday that slowing markets would knock its growth rate in the second half of its financial year and anticipated full-year profits at the lower end of analysts' expectations. The group — formerly known as Wolseley — said organic growth would fall to 3-5 per cent for the six months to July 2019, compared to 7.5 per cent in the 2018 financial year and 6.5 per cent in the six months to January. Full year trading profit would as a result be at the lower end of analysts' expectations which had averaged $1.63bn.
The company also forecast higher revenue for the year ending March 31 as utilities in Britain benefit from outcome delivery incentives (ODIs) paid by regulator Ofwat for meeting or exceeding targets including project completions. United Utilities, which supplies water to 3 million homes and 200,000 businesses in the north-west of England, said trading was in line with its expectations for the year ending in March 31. United Utilities warned in November that an extreme period of hot and dry weather during the summer had caused significant strain on its water resources and network, with reservoir levels running "extremely low".
The FTSE 100 fell 0.4 percent and the domestically-focussed FTSE 250 shed 1.1 percent to hit its lowest since Feb. 12. Last week's cautious remarks from the U.S. Federal Reserve and weak manufacturing data from Germany and the United States once again raised concerns about the world economy, making stocks, generally considered riskier assets, less appealing.
Global equities plunge after the U.S. ten-year treasury yield inverts, Trump is cleared of colluding with Russia.
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..
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.