|Day's Range||7,020.22 - 7,125.90|
|52 Week Range||6,536.50 - 7,727.50|
Aug.16 -- The FTSE 100 and the FTSE 250 have reopened following other European indices higher. This comes after a delay of one hour and 40 minutes because of a glitch at the London Stock Exchange. Bloomberg’s Jan-Patrick Barnert reports on “Bloomberg Surveillance.”
A fault at the London Stock Exchange prevented blue-chip British companies from trading on Friday for over an hour, the longest such outage in 8 years. What was called a “technical software issue” kept FTSE 100 (UK:UKX) and FTSE 250 (UK:MCX) companies from opening until 9:40 a.m. local time. A glitch at the New York Stock Exchange impacted market pricing data on Monday, and on Tuesday, data providers showed incorrect closing prices after what Nasdaq said was a brokerage executing trades on the wrong day’s closing prices.
World stocks rose on Friday as expectations grew of further stimulus by central banks, offsetting worries about slowing economic growth, which intensified this week as the U.S. yield curve inverted for the first time since 2007. It was the longest outage at one of the world's top stock markets in eight years. U.S. stock futures also pointed to a recovery on Wall Street.
The London Stock Exchange was hit by its longest outage in 8 years on Friday as the FTSE 100 failed to open for 100 minutes.
(Bloomberg) -- The London Stock Exchange Group Plc suffered its longest glitch in 8 years, just weeks after the three-century old exchange unveiled plans to become a data and trading powerhouse.Shares in the key FTSE 100 and the FTSE 250 indexes resumed trading at about 9:40 a.m. after an outage that lasted about an hour and 40 minutes, according to a statement. Companies in those benchmarks include HSBC Holdings Plc, BP Plc, and AstraZeneca Plc. The LSE also suffered a one-hour trading delay in June 2018 caused by a software issue.Friday’s glitch comes as LSE agreed to snap up Refinitiv just weeks ago in a $27 billion blockbuster deal, betting on a future dominated by data. It also comes as investors are hit by rocky markets. The U.K.’s looming departure from the European Union, the U.S.-China trade dispute and concern about a recession are all causing price swings.The London snag also meant that traders who deal in related securities and index trackers were flying blind without prices for the underlying stocks.“The impact to us is quite large as we are FTSE index traders and the futures are open,” said John Moore, a trader at Berkeley Capital Wealth Management. Without seeing the underlying stock prices, it was difficult to know whether the futures price was “a true reflection of fair value on the FTSE.”The LSE blamed the outage on a “technical software issue,” according to a statement.Other global market exchanges have been hit with technical woes in the past few months. In the U.S., a technical error at exchange operator CME Group Inc. in February this year caused a trading halt of about three hours, preventing the buying and selling of contracts tied to U.S. Treasuries, stock futures and commodities.Apple Inc., Google parent Alphabet Inc. and other major stocks had a bizarre last few minutes of trading this week, as data glitches hampered U.S. markets for a second day.(Adds Refinitiv deal in third paragraph.)To contact the reporters on this story: Jan-Patrick Barnert in Frankfurt at firstname.lastname@example.org;Harry Wilson in London at email@example.comTo contact the editors responsible for this story: Ambereen Choudhury at firstname.lastname@example.org, Keith CampbellFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The London Stock Exchange suffered a "technical software issue", which postponed the opening of trading until 0840 GMT, a spokeswoman said in an email. Traders were frustrated by the latest outage coming during a hectic week on global financial markets, hit by worries about a U.S. recession and the U.S.-China trade spat. A large number of market participants were also away on holiday, which may have limited the impact of the failure.
European shares rebounded from six-months lows on Friday, ending a tumultuous week on a positive note as hopes of fiscal stimulus from Germany lifted sentiment and sparked a rally in the battered banks sector, helping them post their best day in 4-1/2 months. Germany's right-left coalition government would be prepared to ditch its balanced budget rule and take on new debt to counter a possible recession, Der Spiegel magazine reported on Friday. Germany's DAX, pressured of late by fears of a slide into recession as trade tensions between the United States and China flare up, rose 1.3%, and German bonds came off lows after the report.
A software glitch on the London Stock Exchange caused a nearly two-hour delay to the start of trading on Friday, in the most serious malfunction for the LSE in eight years. The outage affected securities listed on the FTSE 100 and 250, the two main UK stock indices, which track large and midsized companies worth about £2.3tn.
China's state planner said it will roll out a plan to boost disposable income this year and in 2020 to encourage consumption as the economy slows. The pan-European STOXX 600 index was 1.1% higher by 0859 GMT, with the export-reliant DAX index outperforming. European shares staged a comeback from six-month lows hit during the previous session, after China warned of retaliation against U.S. tariffs, heightening fears of the continued impact of their trade war on global growth.
The London Stock Exchange said FTSE 100 and FTSE 250 companies can't trade because of a technical issue, which has lasted through the first hour of trade. The LSE said the next update will come at 9:15 a.m local time. Elsewhere in Europe, the German DAX rose 0.9% and the French CAC 40 rose 0.8%.
U.S. equity futures look set to end a volatile summer week on a high note Friday, as investors around the world climb back into risk markets amid increasing hopes of near-term support from major central banks and stronger-than-expected retail sales and earnings data from Wall Street.
British stocks on Thursday crumbled on concerns over the global economy in the wake of the U.S.-China trade war, even as data showed its own consumers have been resilient.
British retail sales in July grew 3.3% compared to a year ago, according to data released Thursday. Economists polled by FactSet expected a 2.6% rise. The Office for National Statistics said both value and volume rose in July, and department stores saw the first increase this year.
European shares hit six-month lows in a volatile session on Thursday, with London stocks losing more than 1%, as China warned of retaliation against U.S. tariffs, heightening fears of the continued impact of their trade war on global growth.
Energy analysts have estimated that is all it would cost, added to an average annual household energy bill of more than £1,200, to prevent the kind of power cuts that incapacitated large parts of England and Wales. The power cuts hit rail services alongside almost 1m homes and businesses, and are now the subject of a government investigation that is raising far reaching questions about National Grid’s ability to manage Britain’s electricity system.
Global stocks rebound as trade tensions thaw but the relief rally fizzled when the U.S. yield curve went into a full inversion. Recession fears are heightened around the world.
U.K. consumer prices in July rose to 2.1% year-over-year from 2% in June, and above the economist forecast of 1.9% growth. Core CPI also rose more quickly than forecast, rising a tick to 1.9%. The Office for National Statistics cited rising prices in games, toys and hobbies, and accommodation services, as well as clothing and footwear and "other" financial services, which offset declines from transportation services and electricity and gas.