|Day's Range||8,836.70 - 8,912.70|
|52 Week Range||8,286.20 - 10,643.40|
The pound jumped on Friday on growing expectations that Britain will seek to delay its scheduled departure date from the European Union. A denial by Prime Minister Theresa May's spokeswoman of a newspaper report knocked sterling off highs but it remained up on the day, with analysts citing a growing sense among some investors that Britain will not be leaving the EU on March 29. Two of the biggest donors to the Brexit campaign told Reuters they now believe the project they championed will eventually be abandoned by the government, underlining the uncertainty about what will happen after March 29, Britain's scheduled departure date.
By Danilo Masoni and Helen Reid MILAN/LONDON (Reuters) - European shares rose on Wednesday, driven by the export-oriented autos and tech sectors, as optimism grew that the United States and China could ...
European shares touched a three-week high on Tuesday as hopes of a possible trade deal between China and the United States offset worries over global growth. The pan-European STOXX 600 (.STOXX) benchmark climbed 0.9 percent while Britain's FTSE 100 (.FTSE) rose by 0.7 percent. "Investors are encouraged by the (U.S.-China) trade tariff discussions - mainly because these are mid-level talks and there was an unexpected attendance by Vice Premier Liu He," said Neil Campling, co-head of the global thematic group at Mirabaud Securities.
Bank of America Merrill Lynch's "Bull & Bear" gauge of market sentiment has fallen to 1.8, a level the U.S. bank's strategists describe as "extreme bear" territory that has triggered a "buy" signal for equities. This is the first time the "buy" signal for risk assets has been triggered since June 2016 when the Brexit vote sent global markets spiralling lower, the strategists said on Friday, adding it was "time to buy". BAML said global equities have tended to rise after their "buy" signal was triggered.
European shares fell on Thursday as the impact of a record bounce on Wall Street proved short-lived amid persistent worries about a slowing global economy and a trade spat between Washington and Beijing. Data earlier showed earnings at China's industrial firms in November dropped for the first time in nearly three years, pointing to a further loss of economic momentum.
Britain's FTSE 100 (.FTSE) was down 0.5 percent, while France's CAC (.FCHI) and Spain's IBEX (.IBEX) eased 1.45 percent and 0.9 percent respectively. Germany's DAX (.GDAXI) and Italy's FTSE MIB (.FTMIB) were shut. "Markets still under pressure from last week's more hawkish Fed update, exacerbating fears about slowing growth and more expensive refinancing following years of stimulus," said Mike van Dulken, Head of Research at Accendo Markets.
US markets were indicated lower in early Monday trading but the outlook for the holiday week is not positive. European markets were mostly lower in the shortened holiday session as traders and investors get ready for a day of family and friends. Asian markets were mixed as traders around the world prepare for the Christmas Holiday.
MILAN (Reuters) - A disappointing rate outlook from the Federal Reserve dragged European shares down sharply on Thursday with several benchmark indexes hitting two-year lows on worries that tighter monetary ...
By Danilo Masoni and Julien Ponthus MILAN (Reuters) - European shares remained stuck in a "Santa Crash" on Tuesday in a fourth straight session of losses, dragged down by poor economic data and ...
By Danilo Masoni and Josephine Mason MILAN/LONDON (Reuters) - European shares fell on Thursday, snapping two days of gains, as worries about euro-zone growth and the UK's prolonged divorce from the European ...
EU markets were flat and mixed in early trading, both before and after the release of the ECB’s policy statement. In the US futures trading indicated a flat open for the major indices.