|Day's Range||7,703.26 - 7,753.32|
|52 Week Range||6,866.90 - 7,903.50|
The FTSE 100 initially tried to rally during the week but found enough resistance above the turn around and form a massive shooting star. This of course is a negative sign, and I think it’s only a matter of time before we start pulling back as we had been far too overextended.
The FTSE 100 fell after initially trying to rally during the day on Friday, reaching towards the vital 7700 level. The weekly chart formed a massive shooting star, which of course is very negative. Ultimately, I think that it’s only a matter time before we break down and go even lower for a short-term selling opportunity as we got far to ahead of ourselves.
Energy companies and oil prices took their worst losses in months Friday on reports OPEC countries plan to produce more oil soon. U.S. crude oil sank 4 percent after multiple reports indicated that Russia and OPEC could start producing more oil soon. The drop in the price of oil has meant sharp losses for energy companies, but it gave airlines a boost as investors anticipated lower fuel costs.
Investing.com – Wall Street dipped down on Friday on a thinly-traded day ahead of the Memorial day weekend as geopolitical concerns remained on the back of investors minds.The S&P 500 was down nine points or 0.36% to 2,717.83 as of 9:44 AM ET (13:44 GMT) while the Dow composite decreased over 80 points or 0.32% to 24,731.35 and tech heavy NASDAQ Composite fell six points or 0.09% to 7,417.61. ...
European stocks ended a choppy session marginally higher on Friday as traders weighed up a brewing political crisis in Spain against better-than-expected sentiment data from Germany and measured comments from North Korea. The Stoxx Europe 600 Index (^STOXX) rose 0.1% to close at 391.08, trimming its weekly loss to 0.9% The weekly loss breaks the benchmark’s eight-week winning run, which marked its longest stretch since June 2014. Spanish stocks were under heavy selling pressure, with the IBEX 35 index (^IBEX) ending down 1.7% at 9,826.50 on reports the opposition Socialist party called for a vote of no confidence on Prime Minister Mariano Rajoy.
By Julien Ponthus LONDON (Reuters) - A slump in oil prices hit British majors on Friday, limiting the gains of the FTSE 100 benchmark index while Kingfisher shone after Australia's Wesfarmers (WES.AX) ...
U.K. stocks broke a two-day skid as a selloff in the pound resumed on signs that Brexit discussions between Brussels and London may be harsher than previously expected. The FTSE 100 index (^FTSE) gained 0.2% to close at 7,730.28, trimming its weekly loss to 0.6%. The London benchmark has moved sharply lower over the last two days on increasing concerns about trade talks between the U.S. and China, and on worries over President Donald Trump’s decision to pull out of a historic summit with North Korea.
Investing.com – U.S. futures were up slightly on Friday as geopolitical worries cooled and investors looked ahead to a speech from Fed Chairman Jerome Powell.The S&P 500 futures was up six points 0.35% to 2,734.25 as of 6:44 AM ET (10:44 GMT) while Dow futures increased 62 points or 0.25% to 24,865.0. Meanwhile tech heavy Nasdaq 100 futures rose 29 points or 0.42% to 6,986.25.Markets closed in the red on Thursday after U.S. President Donald Trump cancelled a planned summit with North Korea. ...
The pan-European Stoxx 600 was up around 0.2 percent during early afternoon deals, with most sectors and major bourses in positive territory. Europe's travel and leisure stocks led the gains Friday lunchtime, up more than 1 percent amid earnings news. Shares of GVC Holdings rose 3.5 percent on the news.
The FTSE 100 fell a bit during the trading session, as most stock markets sold off in reaction to Donald Trump saying that the meeting with the North Koreans was canceled. Ultimately, I think that this is a small blip on the radar, and I will look for structural support to start taking advantage of value.
HONG KONG (AP) — Asian stock indexes were mostly lower Friday as investors factored in fresh geopolitical uncertainty following the abrupt cancellation of a meeting between the U.S. and North Korean leaders.
High street retailers Mothercare, Carpetright and Moss Bros are in danger of dropping out of the FTSE All-Share index in a reshuffle scheduled for next week. For these retailers, stung by tough trading conditions of late, that could mean crashing out of the All-Share index, an amalgamation of the FTSE 100, 250 and small-caps. When a company is relegated from the All-Share index, it falls into the FTSE Fledgling, which currently comprises 94 companies and is less heavily tracked by investment funds.
Investing.com – Wall Street slumped on Thursday after U.S. President Donald Trump called off a planned summit meeting with North Korea.The S&P 500 was down 15 points or 0.57% to 2,717.78 as of 9:49 AM ET (13:49 GMT) while the Dow composite decreased over 108 points or 0.44% to 24,778.03 and tech heavy NASDAQ Composite fell 37 points or 0.50% to 7,388.92.The White House said in a statement that it would be "inappropriate" to have a planned summit at this time. ...
By Helen Reid and Julien Ponthus LONDON (Reuters) - President Donald Trump's decision to cancel a summit with North Korean leader Kim Jong Un weighed on British shares in afternoon trading, while gains ...
European stocks finished lower Thursday after U.S. President Donald Trump pulled out of what would have been a historic meeting with North Korea, citing “open hostility” from the nation’s officials. Deutsche Bank shares slumped after calls for the chairman to resign. The Stoxx Europe 600 index (^STOXX) lost 0.5% to close at 390.54, after logging its worst one-day percentage fall since March 22.
U.K. stocks traded lower on Thursday as the pound rallied on the back of better-than-expected retail sales data that brought a Bank of England interest-rate rise in August back in to play. The benchmark index extended losses in the afternoon after U.S. President Donald Trump called off a meeting with North Korea planned for next month. The FTSE 100 index (^FTSE) was trading 0.7% lower to 7,734.26, adding to a 1.1% loss from Wednesday.
Europe's autos stocks led the losses, down 1.86 percent following an announcement from the U.S. that it plans to investigate whether an "abuse of trade tactics" in cars could harm the world's largest economy. Swiss food company Aryzta slumped to the bottom of the European benchmark amid earnings news. Its shares were more than 26 percent lower.
Investing.com – U.S. futures pointed to a flat opening bell on Thursday as investors looked ahead to economic data and concern over U.S.-China trade talks continued.The S&P 500 futures was down half a point or 0.02% to 2,730.25 as of 6:46 AM ET (10:46 GMT) while Dow futures decreased 18 points or 0.07% to 24,841.0. Meanwhile tech heavy Nasdaq 100 futures rose three and a half points or 0.05% to 6,960.50.A flurry of economic data is expected later in the day, with jobless claims at 8:30 AM ET (12:30 GMT) and existing home sales at 10:00 AM ET (14:00 GMT). ...
Mediclinic (MDCM.L) took a hefty $863 million (646.28 million pounds) writedown on its Swiss business on Thursday, tipping South Africa's biggest private hospital group into an annual loss and sending its shares tumbling. A constituent of London's FTSE 100 index with a secondary listing in Johannesburg (MEIJ.J), Mediclinic has faced stricter regulations in recent years in Switzerland that have hobbled growth. The company said it wrote off 84 million pounds ($113 million) from the value of property and 560 million pounds from the value of intangible assets at Hirslanden, which runs Switzerland's biggest private hospital network.
A bounce across financials and tech stocks helped European stocks nudge higher on Thursday, though carmakers' shares came under pressure after the United States launched a probe into auto imports. The pan-European STOXX 600 (.STOXX) index was up 0.3 percent by 0857 GMT, after falling more than 1 percent from a 3 1/2-month peak in the previous session as worries over spending plans from Italy's new coalition and global trade weighed on risky assets. Concerns over a U.S.-China trade deal continued after U.S. President Donald Trump said that any deal would need "a different structure".
A bounce across miners and oil stocks helped European stocks nudge higher in early trading on Thursday, though carmakers' shares came under pressure after the U.S. launched a probe into auto imports. The pan-European STOXX 600 index was up 0.1 percent by 0719 GMT, after falling more than 1 percent from a 3 1/2-month peak in the previous session as worries over spending plans from Italy's new coalition and global trade weighed on risky assets. Concerns over a U.S.-China trade deal continued after U.S. President Donald Trump said that any deal would need "a different structure".
The company said it is on track to deliver 2018 targets of good organic revenue growth at constant rates, along with moderate margin expansion. Intertek, along with its peers like Switzerland's SGS (SGSN.S) and France's Bureau Veritas (BVI.PA), are benefiting from expanding regulations, notably for food safety and e-commerce, and have recently seen their minerals business recover. The company said its resources-related businesses saw stable trading performance in the period and reported an organic revenue growth of 0.3 percent on robust growth in demand for testing activities in its minerals business.
Asian shares fell on Thursday after the U.S. government launched a national security probe into car imports that could lead to new tariffs, and President Donald Trump's comments suggested setbacks in U.S.-China trade talks. MSCI's broadest index of Asia-Pacific shares outside Japan was about 0.1 percent higher, but Japan's Nikkei stock index fell 1.1 percent as auto shares slumped.
The FTSE 100 has fallen a bit during the session on Wednesday, reaching towards the 1% level. I believe that there is plenty of support underneath though, so I think that the buyers are waiting to pick up value. Ultimately, this is a “by on the dips” market, even though the last 24 hours have been a bit rough.
European stocks were higher on Friday morning as investors' fears were calmed by North Korea's response to President Donald Trump's decision to cancel a landmark summit.