|Day's Range||7,854.58 - 7,903.50|
|52 Week Range||6,866.90 - 7,903.50|
China said Tuesday it would cut import tariffs for automobiles and some car parts starting on July 1. Tariffs would be lowered to 15% from the current 20% to 25%, while tariffs on auto parts would be cut to 6%.
The UK's top share index ventured further into new unchartered highs on Tuesday as shares in financials and miners rose further, triggering anticipations it could soon reach the 8,000 points benchmark. The blue chip FTSE 100 index closed up 0.2 percent and hit a fresh record of 7,903.50 points during the session before reducing its gains to 7877.45 points. "At the rate it's going, we should hit this round number (8,000 points) by Thursday, if not earlier," said IG's market analyst Chris Beauchamp during morning trading.
Stocks jumped at Tuesday's starting bell as automakers and chipmakers notched early gains, and retail names posted mixed moves on earnings news.
Investing.com – Wall Street looked set to continue its rally on Tuesday, as trade war worries between the U.S. and China eased.The S&P 500 futures was up three points or 0.13% to 2,736.50 as of 6:44 AM ET (10:44 GMT) while Dow futures increased 41 points or 0.16% to 25,043.0. Meanwhile tech heavy Nasdaq 100 futures rose 22 points or 0.32% to 6,938.00.China said Tuesday it would cut import tariffs for automobiles and some car parts starting on July 1. Tariffs would be lowered to 15% from the current 20% to 25%, while tariffs on auto parts would be cut to 6%. ...
European stocks and S&P 500 futures inched up Tuesday after waning concerns about trade tensions between the U.S. and China helped send major global indexes to their highest close in months. The Stoxx Europe 600 edged up 0.1% in afternoon trading, while futures markets suggested U.S. stocks would extend gains, with the S&P 500 and Dow Jones Industrial Average each poised to add 0.2% after closing at their highest levels since March. said the U.S. would suspend its efforts to apply tariffs to $150 billion in Chinese imports.
European stocks were slightly higher Tuesday afternoon, amid an easing of pressure in Italian markets.
London’s FTSE 100 marched further toward the 8,000 mark on Tuesday, a level it could cross for the first time this week. Strong demand for UK blue-chip stocks has been driven by the relatively weak pound, which makes sterling-denominated exports cheaper, and flatters revenue earned in foreign currency — especially in dollars. The FTSE 100 closed up 0.3 per cent at 7,877.45.
European stocks moved cautiously higher on Tuesday, with Italy leading the advancers as the country’s president considered the candidate put forward by an euroskeptic alliance to lead their coalition government. Italy’s FTSE MIB index (MTAA:FTSEMIB.MI) moved 0.5% higher to 23,206.73, rebounding after falling 1.5% over Monday’s and Friday’s sessions. The volatile trade in Italy came as the country’s two biggest anti-establishment parties continued their push to form a governing coalition, which some fear could plunge Italy into a sovereign debt crisis.
“Markets will probably remain wary of a Five Star-League government on concerns it may undermine fiscal discipline,” said Matteo Ramenghi, chief investment officer for Italy at UBS Global Wealth Management. “Given the two parties have very different backgrounds, the government’s lifespan would be in question.
U.K. stocks struggled for direction early on Tuesday, a day after scoring an all-time closing high, as traders waited for fresh catalysts to give the market a kick. One of those catalysts may come this morning, when several Bank of England members — including Governor Mark Carney — are due to speak before lawmakers on inflation and monetary policy. The U.K.’s FTSE 100 index (^FTSE) was marginally higher at 7,862.77, but was swinging between small gains and losses.
Halfords, the bikes and car parts retailer, sponsors the weather forecast on Channel 4. Not because Halfords has also put in a performance worthy of relegation, but because - like the club - it knows exactly what it’s like to lose its best players to bigger teams. In recent months, Halfords has had its chief executive Jill McDonald signed up by Marks and Spencer, and chief financial officer Jonny Mason lured away by Dixons Carphone.
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.
Pension schemes backed by the UK’s top 100 listed businesses have swung into the black for the first time since the financial crash of 2007, according to new analysis. FTSE 100 pension plans had an overall ...
The FTSE 100 edged to another record high thanks to a weaker pound and stronger commodity prices. But Inmarsat underperformed after the satellite operator lost its decades-old monopoly to provide distress ...
The Dow Jones Industrial Average surged nearly 300 points Monday to its highest level in more than two months as concerns about a possible trade war between the U.S. and China temporarily eased. Trade tensions receded as Treasury Secretary Steven Mnuchin said the U.S. will suspend its efforts to apply tariffs to $150 billion in Chinese imports. “I’m very skeptical that we’re anywhere near a resolution on China,” said Peter Cecchini, chief market strategist at Cantor Fitzgerald.
The FTSE 100 went back and forth during the session on Monday, but ultimately broke out to the upside in yet another sign of strength.
Pension schemes backed by the UK’s top 100 listed businesses have swung into the black for the first time since the financial crash of 2007, according to new analysis. FTSE 100 pension plans had an overall accounting surplus of £4bn by the end of 2017, reversing a £31bn deficit a year earlier, the study published on Tuesday shows.
Solid gains on Wall Street and in London on Monday did little to buoy Asia Pacific stock markets on Tuesday, with regional equities benchmarks trending lower. On Wall Street overnight, the S&P 500 index ...
The FTSE hit another record high on Monday as an easing in U.S.-Chinese trade tensions and a strengthening dollar gave more fuel to the internationally-exposed index. The index of Britain's biggest companies (.FTSE) ended the session up 1 percent, hitting a new record high of 7,868.12 points. The mid-cap FTSE 250 (.FTMC) also hit a record of 21,151.32 points, up 0.7 percent.
Investing.com – Wall Street opened higher on Monday, as China and the U.S. agreed to put trade tariffs on hold.The S&P 500 was up 22 points or 0.82% to 2,735.25 as of 9:42 AM ET (13:42 GMT) while the Dow composite increased over 291 points or 1.18% to 25,006.94 and tech heavy NASDAQ Composite fell 72 points or 0.99% to 7,427.26.The trade war between the U.S. and China is “on hold” as the two work on a trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. The two countries had been engaged in a tit-for-tat over tariff disagreements over the last few months. ...
WSJ City is the app that delivers concise, smart news on business and finance for mobile. Italy is back in the headlines and the euro is falling, giving up all its gains and more against the dollar this year. writes Richard Barley for Heard on the Street.
European shares rose on Monday as easing trade war worries lifted the dollar, supporting exporters, while Italian stocks came under renewed pressure as markets awaited developments in the creation of a new government. "The feel-good factor from the trade war truce bolstered risk sentiment and a weaker pound delivered the usual shot of adrenalin for the blue chips," said Neil Wilson, chief market analyst at Markets.com. The dollar hit a fresh five-month high on relief that U.S. Treasury Secretary Steven Mnuchin declared the U.S.-China trade war "on hold" following their agreement to suspend the tariff threats.
U.K. stocks rose sharply on Monday, scoring a record close, as traders welcomed news over the weekend that China and the U.S. reached an agreement that eases trade tensions between the world’s two largest economies. The FTSE 100 index (^FTSE) rose 1% to end at 7,859.17, taking out its previous closing high of 7,787.97, hit last Thursday. A weaker pound tends to boost the FTSE 100, as the index’s components conduct the bulk of their business overseas and a softening in sterling lifts revenue when converted back into the U.K. currency.