|Day's Range||6,806.94 - 6,902.19|
|52 Week Range||6,673.60 - 7,903.50|
The U.K.’s stock market was positive on Wednesday, as trade optimism held the markets in the green, despite the fact that U.K. Prime Minister Theresa May is set to face a leadership challenge amid broad discontent over Brexit.
UK blue-chip shares rose on Wednesday led by mining and oil stocks as investors welcomed conciliatory signs in the protracted trade row between Washington and Beijing, offsetting worries over deepening political chaos at home. The FTSE 100 (.FTSE) was up 1.1 percent at 1049 GMT, as the stronger dollar helped lift companies with international earnings. HSBC, which makes a big chunk of its revenue abroad, was the biggest contributor to the market's gains, followed by Shell, which was boosted by higher oil prices.
By Julien Ponthus LONDON (Reuters) - European shares traded higher on Wednesday morning and were set for a second day of gains as sentiment towards the Sino-US trade dispute lifted after U.S. President ...
President Donald Trump tells Reuters he would meet with China's Xi in order to close a trade deal and would intervene in Meng case if necessary. Bullish sentiment capped by news that Prime Minister Theresa May will face a leadership challenge from her Conservative party later today that could deepen the country's political crisis.
, the UK aero-engine group, sought to reassure investors its trading was in line with expectations on Wednesday, as it reconfirmed its guidance for profit and free cash flow for the year. Specifically, it expects group operating profit to be around £400m, plus or minus £100m, with free cash flow expected at £450m, plus or minus £100m. The company, which has been struggling with performance issues on some of its new engines, said that, as previously indicated on October 26, it still expected to deliver around 500 large engines this year but lower than the 550 large engines it had previously projected in March.
Europe stocks are shooting higher after an update sentiment survey from the region’s biggest economy. Signs of another upbeat day on Wall Street is also helping out. .
LONDON MARKETS The FTSE 100 ended higher on Tuesday, a day after chaos in the U.K. parliament resulted in Prime Minister Theresa May delaying a vote on the terms under which the country would leave the European Union.
The FTSE 100 (.FTSE) top share index was up 1.3 percent at the close with gains in mining stocks and big exporters helping it outperform the domestically tilted FTSE 250 (.FTMC) index, which gained 0.9 percent after hitting two-year lows on Monday. Trading turned volatile towards the close after reports said lawmakers had enough letters to trigger a no-confidence vote in Prime Minister Theresa May's leadership, hours after German leader Angela Merkel ruled out further negotiations on Brexit. "It's virtually impossible to predict the outcome but we take a relatively neutral stance," said Nigel Bolton, chief investment officer of international equities at BlackRock.
European shares rose on Tuesday as optimism over the China-U.S. trade dispute helped them recover from the two-year lows hit in the previous session on a burst of political risk and worries over slowing global growth. The pan-European STOXX 600 (.STOXX) benchmark index rose 1.5 percent, while euro zone stocks (.STOXXE) added 1.3 percent and Germany's DAX (.GDAXI), the most sensitive to China due to its big exporters, rose 1.5 percent. Further cementing expectations that trade talks had not been interrupted was a report that China was preparing to cut its tariffs on U.S. car imports.
Chinese stocks look a better bet than the United Kingdom next year, as Britain struggles with its painful divorce from the European Union, a senior executive at BlackRock, the world's top asset manager, said on Tuesday. "China is slightly more invest-able than the UK right now," said Nigel Bolton, chief investment officer of international equities on the sidelines of a briefing on Tuesday.
WM Morrisons (MRW.L) shares jumped on Tuesday as traders cited market rumors that the UK supermarket chain could be subject to a takeover approach by U.S. online retail giant Amazon.com Inc (AMZN.O). The supermarket chain has struck wholesale supply deals with Amazon and is widely seen as a potential takeover target for the U.S. company as it moves into bricks-and-mortar retailing after its takeover of Whole Foods. A spokesman for Morrisons said the company does not comment on speculation about transactions.
WM Morrisons shares jumped on Tuesday as traders cited market rumours that the UK supermarket chain could be subject to a takeover approach by U.S. online retail giant Amazon.com Inc. The supermarket chain has struck wholesale supply deals with Amazon and is widely seen as a potential takeover target for the U.S. company as it moves into bricks-and-mortar retailing after its takeover of Whole Foods. A spokesman for Morrisons said the company does not comment on speculation about transactions.
Theresa May is meeting with top EU leaders today to try to tweak the Brexit deal and make it more palatable for members of parliament. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer and Alanna Petroff examine the details.