|Day's Range||7,753.27 - 7,791.41|
|52 Week Range||6,866.90 - 7,792.60|
The FTSE 100 rallied again during the week, forming the eighth green candle in a row. This is a very bullish market, and at this point although we have gotten a bit overextended, I’m not willing to sell any pullback as I think there is more than enough buying pressure underneath the push this market to the upside.
The FTSE 100 continues to go sideways overall, as we have reached fresh, new highs over the last couple of sessions, which is obviously a very bullish sign. However, we have taken a bit of a breather.
Despite a choppy week of trading and a mixed finish for U.S. stocks, the market extended its recent streak of relative calm Friday.
Marks & Spencer (MKS.L) is expected to report a second straight fall in annual profit next week, and with the retailer's shares down nearly a quarter over the last year it is in danger of soon being booted out of the FTSE 100 index. The 134-year-old M&S has been a member of the blue-chip index (.FTSE) since its inception in 1984. M&S faces unrelenting competition both in clothing and food on the high street and online, while efforts to revitalise its business are being hampered by an ongoing squeeze on consumers' spending power.
Sports betting now might become similarly widespread in the U.S. The great American expectations for the pastime—blasted by critics as addictive and impoverishing, and praised by fans as fun and lucrative—follow the past week’s Supreme Court decision nixing federal prohibitions on states’ allowing it. Gambling companies William Hill (WMH.L) , GVC Holdings (GVC.L)and 888 Holdings (888.L)are among the names that bulls view as due for gains. William Hill already runs 108 of the 192 sports books in Nevada, and it’s the risk manager for sports betting within the Delaware lottery.
In Europe stocks were down amid political uncertainty regarding Italy. Germany’s DAX fell 26 points or 0.20% while in France the CAC 40 decreased three points or 0.07% and in London, the FTSE 100 was down 10 points or 0.13%. Meanwhile the pan-European Euro Stoxx 50 lost seven points or 0.21% while Spain’s IBEX 35 slumped 84 points or 0.83%.
FTSE 100 on track for longest weekly win run since 2005ReutersAstraZeneca shares are losing ground Friday. U.K. stocks ended lower on Friday, pulling back from the previous session’s record close, as shares of AstraZeneca declined following the heavyweight drugmaker’s earnings report, and as shares in mining companies skidded in the wake of a selloff in metals prices. The FTSE 100 index (^FTSE) dropped 0.1% to close at 7,778.79, breaking a three-day winning streak.
Britain's leading stock index posted its eighth straight week of gains despite dipping slightly on Friday as investor enthusiasm waned following the previous day's record close. The FTSE 100 ended the session down 0.1 percent at 7,778.79 points, in line with the FTSE 250 which hit a fresh record earlier in the session before turning lower. The FTSE sealed its longest winning streak in 13 years, marking a strong comeback for British stocks.
U.S. bond yields are the highest in seven years, the dollar is strengthening, emerging markets are wobbling, and oil is up to $80 a barrel. There are many possible reasons for this, including: U.S. tax cuts boosting earnings expectations and share buybacks, exchange rate moves, a sense a 3 percent Treasury yield was already priced in, and a belief that the turmoil in the emerging world is and will remain isolated to certain countries. Since the 10-year U.S. yield and dollar really began to take off in mid-April, increasing the pressure already bearing down on emerging markets, the world's major equity indices have held steady or rallied.
Investing.com – U.S. futures pointed to a higher opening bell on Friday, as trade talks between the U.S. and China take center stage.The S&P 500 futures was up six points or 0.22% to 2,718.75 as of 6:44 AM ET (10:44 GMT) while Dow futures increased 80 points or 0.32% to 24,784.0. Meanwhile tech heavy Nasdaq 100 futures rose 17 points or 0.25% to 6,923.00.Trade talks between the U.S. and China are in focus as officials meet in Washington to find a way to end their trade dispute. U.S. ...
The Big Four accountancy firms have lived a charmed life. on the collapse of UK government contractor Carillion, an overdue reckoning may be imminent. KPMG was the external auditor for 19 years, while Deloitte carried out the internal audit function and offered other consultancy services.
Trump expresses doubt that "spoiled" trading partners will agree favorable terms. Italian shares lead Europe lower as Five-Star/Liga government hopefuls publish fiscal aims. Global stocks steadied Friday, with modest gains in Asia and a positive open in Europe, as investors await news from a key U.S.-China trade summit in Washington and continue to monitor developments in government bond markets on both sides of the Atlantic.
The Stoxx Europe 600 index (^STOXX) tipped about 0.1% lower to 395.44, on track to break a three-day winning run. Italy’s FTSE MIB Index (MTAA:FTSEMIB.MI) slumped 1% to 23,564.03, as political developments in the country flustered markets. In the U.K., the FTSE 100 index (^FTSE) slipped 0.2% to 7,774.39, but was still on track for a 0.6% weekly advance.
London’s FTSE 100 is looking tired at the end of a record-breaking week. The UK’s blue-chip stock index closed at an unprecedented high overnight, which left it just 13 points shy of its record intraday high, set in January. The FTSE 100 has slipped back by 0.1 per cent in early trade, taking it to 7,782.47.
US President Donald Trump on Thursday offered Kim Jong Un wealth and security if he abandoned North Korea’s nuclear weapons, but then appeared to threaten the dictator with death if he refused. The comments, ...
The FTSE 100 initially pulled back slightly during the day on Thursday before turning around to break out to the upside. I believe the 7700-level underneath is a major support level, and that the uptrend continues overall.
Bank of England deputy governor Ben Broadbent was almost not an economist at all. In the early 1980s, after two years at the Paris École Normale de Musique, he flirted with a career as a concert pianist. ...
”, May 16) are clear: without significant reforms to the UK’s corporate governance framework, a similar scandal is simply a matter of time. The familiar behaviour the report describes went unchallenged under an outdated and ineffective governance framework, pointing to the lack of collective and individual accountability for management failures. The duty on directors to promote the success of the company was designed to be enforced by shareholder oversight, but derivative proceedings against a director for a breach of these duties have never been brought.
fell by their most in almost two years on Friday, down as much as 8.7 per cent after a report said the miner may face a bribery probe by the UK’s Serious Fraud Office over its ties to Israeli billionaire Dan Gertler in the Democratic Republic of Congo. The SFO is planning to seek formal approval for a probe into Glencore’s dealings in the country with its former business partner Mr Gertler, Bloomberg News reported.
SEOUL, South Korea (AP) — Asian stock markets were marginally higher on Friday as U.S. and Chinese officials held a new round of talks seeking to avert a trade war between the world's two largest economies.
Yields on benchmark U.S. government bonds rose on Thursday to their highest in about seven years, pushing the U.S. dollar to a four-month peak against the yen, while oil prices topped $80 a barrel for the first time since November 2014 before pulling back. Wall Street's main stock indexes fell, while European stock markets climbed and Britain's FTSE 100 notched a record closing high. The focus this week has centered on rising U.S. Treasury yields, as investors point to data reflecting a strong U.S. economy that could indicate firming inflation.
Strong oil prices helped Britain's top share index seal its highest ever closing level on Thursday while online grocery retailer Ocado rocketed up 44 percent after signing a deal with U.S. grocer Kroger. The FTSE 100 (.FTSE) climbed 0.7 percent to close at 7,787.97 points, just a whisker away from its record intraday high of 7,792.56 points hit in mid-January. The mid-cap FTSE 250 index (.FTMC) hit a new record high, surpassing its previous mid-January record, up 0.9 percent on the day.
European shares rose on Thursday to a fresh 3-1/2 month high as oil stocks rallied and online supermarket Ocado shot up after it signed a game-changing deal in the United States. Italian stocks had tumbled more than 2 percent on Wednesday after a leaked draft coalition programme indicated that the parties planned to ask the European Central Bank to forgive 250 billion euros ($296 billion) of Italian debt. "We've got to keep a very close eye on the 5-Star Movement ... and if they're going to try to put their foot down in any way," said Jasper Reimers, market analyst at Vertex Capital Group.