^FTSE - FTSE 100
| Previous Close | 6,721.54 |
| Open | 6,721.54 |
| Volume | 0 |
| Day's Range | 6,721.54 - 6,808.44 |
| 52 Week Range | 6,673.60 - 7,903.50 |
| Avg. Volume | 811,816,704 |
- Reuters•16 minutes ago
GLOBAL MARKETS-Slight bounce masks unease over Brexit, trade and growth
Stocks rose tentatively on Tuesday as investors picked through the rubble of conflagrations in some of the world's top economies amid heightened uncertainty over Brexit, a China-U.S. trade war and French protests. Contact between China and the United States boosted European stocks and U.S futures while sterling floundered near 20-month lows as the market sought clarity on the next steps for Brexit after Britain's prime minister postponed a vote on her deal.
- Reuters•2 hours ago
Shares stage tentative recovery as May seeks Brexit deal tweaks
UK shares sought to join a global equity recovery on Tuesday as the pound stabilised above 20-month lows, although banks and other domestically exposed stocks fell further as uncertainty grew over Britain's exit from the European Union. The FTSE 100 (.FTSE) top share index rose 0.4 percent by 0936 GMT with gains in mining stocks and big exporters helping it outperform the domestically tilted FTSE 250 (.FTMC) index, which steadied just above two-year lows. Prime Minister Theresa May will seek German Chancellor Angela Merkel's support on Tuesday for changes to the Brexit deal in a last minute bid to avoid a disorderly exit.
Reuters•2 hours agoTrade war optimism lifts European shares
European shares traded higher in the morning on Tuesday as a whiff of optimism over the Sino-U.S. trade dispute lifted sentiment after a burst of political risk and worries about global growth hit world markets in the previous session.
- Reuters•2 hours ago
Ashtead full-year profits to gain from Sunbelt growth, pound slide
"Our business is performing well in supportive end markets," Ashtead Chief Executive Geoff Drabble said in a statement. Ashtead's Sunbelt business in the United States accounts for 87 percent of its overall revenue, and clean-up efforts in the country following Hurricanes Florence and Michael raised additional rental revenue of between $15 million and $20 million (15.71 million pounds) in the first half, the company said. In a sign of Sunbelt's importance to Ashtead, the company last month appointed Sunbelt's head as its next CEO.
- Reuters•2 hours ago
Trade war optimism lifts European shares
European shares traded higher in the morning on Tuesday as a whiff of optimism over the Sino-U.S. trade dispute lifted sentiment after a burst of political risk and worries about global growth hit world markets in the previous session. The Euro zone STOXXE index was up 0.7 percent at 0920 GMT with Germany's DAX, the most sensitive to China due to its big exporters, up 0.9 percent.
- Financial Times•3 hours ago
[$$] European stocks rebound after turbulent Monday
European stocks clawed back some of their losses on Tuesday after selling off sharply on Monday with investors unsettled after British prime minister Theresa May delayed a vote in parliament to approve the EU withdrawal treaty indefinitely. On Tuesday morning the Europe-wide Stoxx 600 gained 1 per cent, following a 1.8 per cent loss the previous day. The pound — which yesterday slipped to its lowest level against the dollar since April 2017 — is rarely out of focus at the moment, but on Tuesday morning traders will have an eye on UK labour market data as well as the usual Brexit developments.
- Financial Times•4 hours ago
[$$] Sterling steadies after slide following Brexit vote delay
Sterling found a measure of support on Tuesday following a sharp sell-off in the previous session after an unexpected decision by the British prime minister to delay a key vote on Brexit. The pound ticked up 0.1 per cent in early European trade to $1.2567 in, leaving it near its weakest level in more than a year and a half. Against the euro, sterling was also up 0.1 per cent at €1.1066.
- CNBC•5 hours ago
Miners lift European markets; sterling hovers near 20-month lows; WPP surges 4%
The pan-European Stoxx 600 was up around 0.92 percent during early morning deals, with all sectors and major bourses in positive territory. Market focus is largely attuned to global trade developments, after Beijing confirmed it was still in talks with Washington in an effort to broker a comprehensive trade agreement. WPP rose toward the top of the European benchmark after the company announced it would cut 2,500 jobs over three years and spend £300 million ($382 million) to return the world's biggest advertising group to growth.
- Financial Times•6 hours ago
[$$] Men are still winning three-quarters of new boardroom jobs
Egon Zehnder, the global search company, examined board and senior executive roles at 1,610 public companies worth €7bn or more in 44 countries. It found that just over a fifth of board seats were held by women, a 2 percentage point increase on 2016, but more than seven in every 10 appointments were still going to men. “We need diversity, but it’s simply not happening fast enough,” said Jill Ader, who chairs Egon Zehnder.
- Reuters•8 hours ago
Pound tumbles to 20-month low after May aborts Brexit vote
Sterling tumbled to its weakest since April 2017 on Monday after Prime Minister Theresa May pulled a parliamentary vote on her Brexit deal with the European Union, panicking investors about deepening political uncertainty in Britain.
- MarketWatch•17 hours ago
European stocks end sharply lower as data add to worries about global growth
European stocks struggle for ground as signs of a slowdown in Germany and France add to worries over global growth. Trade worries were also in the mix.
- MarketWatch•17 hours ago
FTSE 100 dragged lower as U.K.’s May delays Brexit vote
London markets were turbulent on Monday, with the FTSE 100 ending choppy trade in negative territory after British Prime Minister Theresa May delays a crucial parliamentary vote on her Brexit plan.
- Reuters•18 hours ago
Pound tumbles to 20-month low after Britain's May aborts Brexit vote
Sterling tumbled to its weakest since April 2017 on Monday after Prime Minister Theresa May pulled a parliamentary vote on her Brexit deal with the European Union, panicking investors about deepening political uncertainty in Britain.
- Reuters•18 hours ago
UK stocks battered as May delays Brexit vote
British shares fell on Monday as a delay to a parliamentary vote on Prime Minister Theresa May's Brexit deal threw the country's political future into the unknown, hitting the pound and domestically-exposed companies from housebuilders to banks. The delay to the vote which had been due on Tuesday opened a range of options for Europe's No.2 economy, including a disorderly Brexit, another referendum on European Union membership, or a last minute renegotiation of May's deal. Some internationally exposed stocks such as British American Tobacco and GlaxoSmithKline were lifted by the pound falling to 20-month lows but their gains were more than offset by a broad sell-off led by companies more exposed to the domestic economy.
- Reuters•17 hours ago
Pound tumbles to 20-month low after Britain's May aborts Brexit vote
Sterling tumbled to its weakest since April 2017 on Monday after Prime Minister Theresa May pulled a parliamentary vote on her Brexit deal with the European Union, panicking investors about deepening political uncertainty in Britain.
Associated Press•8 hours agoAsian shares mixed on concerns over trade, economic outlook
SINGAPORE (AP) — Asian markets were mixed Tuesday in narrow trading on doubts that U.S. and China can manage to resolve their festering trade dispute.
- TheStreet.com•23 hours ago
Stocks Extend Slide, U.S. Dollar Weakens as Trade Tensions Cloud Global Markets
Global stocks extend declines as trade tensions, slowing growth and a weaker U.S. dollar add to investor concerns heading into the final weeks of the year. Asia shares slump as Japan's Q3 GDP is revised sharply lower and China's November exports screech to a halt as global trade slows amid U.S. tariffs threats. Global stocks extended declines Monday as investors continued to express concern over the fate of U.S.-China trade talks while noting slowing growth from two of the world's biggest exporters and rising geopolitical risks in Europe heading into the final trading weeks of the year.
- Reuters•23 hours ago
Sterling falls to 1-1/2 year lows on reports PM May to pull Brexit vote
The British pound fell to its lowest level since June 2017 on Monday on media reports British Prime Minister Theresa May would pull a parliamentary vote on her Brexit deal. Sterling slid half a percent ...
- Morningstar•yesterday
How a Worst-Case Brexit Could Impact Stocks
Betting on the outcome of political debates isn't our forte, and the upcoming U.K. House of Commons vote that could determine the direction of the world's fifth-largest economy for the foreseeable future is no exception. In this research, we use a worst-case scenario of a disorderly no-deal Brexit to stress-test models for our companies with the greatest exposure to the U.K. economy and Britain's exit from the European Union. While we identify a number of companies that could face long-term adverse developments following a no-deal Brexit, namely in the automotive space, we also see most disruptions as short term in nature and thus unlikely to materially alter our long-term views.
- Morningstar•yesterday
7 Things You Need to Know About Brexit
1. What is Brexit? On June 23, 2016, the United Kingdom held a referendum. Voters were invited to give their opinion on whether or not the U.K. should remain a member of the European Union or leave. "Leave" won, 51.
- Financial Times•yesterday
[$$] The pound is only getting lighter in your pocket
FT subscribers can click here to receive Market Forces every day by email. The pound has long been the barometer of Brexit and the currency’s tumble on Monday tells us how glum things are looking after Theresa ...
- Financial Times•yesterday
[$$] European stock futures lined up for a choppy start of the week
European stock-index futures dropped on Monday after a volatile week in which both the FTSE 100 and the Germany’s Dax fell to two year lows with uncertainty over Brexit and a deterioration of relations between the US and China weighing on investor sentiment. London’s FTSE 100 futures were down 0.7 per cent, while Euro Stoxx 50 futures pulled back 1 per cent, similar to France’s Cac 40 futures which were down 0.8 per cent. German Dax futures fell 1.1 per cent.
- Financial Times•yesterday
[$$] European stock markets sell off as May addresses MPs
European equities bourses sold off sharply in one of the worst trading sessions of the year after Theresa May said she had delayed a vote to approve the EU withdrawal treaty indefinitely. The move accelerated as Mrs May addressed MPs in parliament on the prospects for a second referendum and going back to the EU to renegotiate the terms of the Brexit deal. All of the major European indices were down, with Germany’s Xetra Dax 1.7 per cent lower, the FTSE Mib in Italy off 1.6 per cent, the French CAC 40 down 1.6 per cent and the Spanish Ibex 1.7 per cent lower.
- Financial Times•yesterday
[$$] Euro falls against dollar amid wider European declines
The euro extended its losses on Monday amid a dive in the UK pound and wider dip in European stocks, falling sharply against the dollar in intraday trading. to its lowest level since April 2017, after Prime Minister Theresa May told parliament the vote on the proposed Brexit deal would be delayed until further notice. The sharp fall in the euro’s value against the dollar in mid-afternoon trading coincided with sterling’s decline, as investors took flight from the European currencies on mounting concerns and uncertainty about the future of Brexit.
- Financial Times•yesterday
[$$] US futures offer spot of calm in wake of global sell-off
Wall Street is looking to avoid its longest losing streak in a month, with US stock futures staging a comeback on Monday despite the preceding sell-off in global markets. — its worst since March — with a 2.3 per cent tumble on Friday that saw the index rejoin the Nasdaq Composite in correction territory, defined as a drop of 10 per cent from a peak, and experience a “death cross” — a sign of bearish momentum that occurs when the index’s 50-day moving average falls below its 200-day moving average.
