UK FTSE 100 (.FTSE) stock index has hit an 11-month high today The UK’s FTSE 100 stock index has hit an 11-month high today, boosted by the growing chances of interest rate cuts, a falling pound, and hopes of a resolution to the US-China trade war. Meanwhile the pound has fallen to its lowest level […]
UK FTSE 100 (.FTSE) rallies into key resistance to negate downtrend The FTSE 100 has managed to rally into the key 7237 resistance level this week, breaking out from the trend of lower highs that have been in place throughout the past fortnight. That move points towards a heightened possibility that we could have further upside to […]
UK FTSE 100 (.FTSE) MPs are back today after the Easter break and cross-party Brexit talks resume The FTSE 100 closed up 0.85 per cent, or 63.19 points, at 7,523.07, lifted by the likes of BP and Royal Dutch Shell, which benefited from rising oil prices. Oil prices have continued to soar to more than […]
UK FTSE 100 (.FTSE) found itself off its six-month highs Shares tumbled as much as 40% at one stage as it said this will knock profit margins, which, together with changes to premium renewal prices and investment in new products, will see underlying pre-tax profits slump up to 42% in 2019-20. It is now pencilling […]
UK FTSE 100 (.FTSE) UK Services PMI marks worst month since Brexit referendum FTSE 100 closed higher while Wall Street shares gained on Wednesday as Brexit rumblings continued. Among top risers on Footsie were big housebuilders on hopes of a ‘softer’ UK departure from the EU. Taylor Wimpey (LON:TW.) was top dog, adding 4.35% to 187.05. Persimmon (LON: PSN) […]
UK FTSE 100 (.FTSE) Lack of Direction The pound fell to a two-week low against the dollar sparking a 0.9% jump in the FTSE 100 as markets woke up to the growing risk of a no-deal Brexit. From yesterday evening sterling has dropped nearly 1% to $1.3138 against the dollar after the Democratic Unionist Party refused to […]
UK FTSE 100 (.FTSE) equities got a lift from the pound’s downturn and from buoyant miners The FTSE 100 made the expected solid start to the week as the pound took a tumble, bolstered as well by strength in commodity plays. in early trading, the blue-chip index was up 56 points (0.8%) at 7,160, with […]
UK FTSE 100 (.FTSE) Outperforms As Pound Falls After UK PMI Concerns over the UK’s economic growth following some subdued service sector data caused the pound to decline on Tuesday, in turn allowing the FTSE 100 to trump its European counterparts. Also supporting the UK headline stock index were gains for bookmaker GVC Holdings, telecommunications firm Vodafone and […]
UK FTSE 100 (.FTSE) miners and financial firms were boosted by reports that China and the United States were nearing a trade deal Britain’s blue-chip index rose on Monday as miners and financial firms were boosted by reports that China and the United States were nearing a trade deal, while Ted Baker tumbled on founder […]
UK FTSE 100 (.FTSE) at near-3-month high British blue-chip shares surged to their highest in nearly three months on Tuesday as heavyweight BP doubled its annual profit and miners rallied on higher iron ore prices while a weaker pound was also supportive. London’s main index .FTSE added 2 percent, extending itswinning streak to six days […]
UK FTSE 100 (.FTSE) rallies back into Fibonacci resistance The FTSE 100 has rallied back into the 7000-mark once more, with the 76.4% Fibonacci retracement coming into play again. The wider downtrend would require a break through 7146 to negate, and until then there is a chance we could turn lower once more. Given we are currently […]
UK FTSE 100 (.FTSE) traders eagerly anticipate Theresa May’s so called “Plan B” Brexit proposal The FTSE 100 struggled for direction on Thursday, while the pound continued to edge higher as currency traders eagerly anticipate Theresa May’s so called “Plan B” Brexit proposal. London’s top flight was off 27.76 points, or 0.4%, at 6,834.92 by […]
UK FTSE 100 (.FTSE) slides as pound rises after Brexit deal rejected The FTSE 100 slid as much as 45 points to 6850, down 0.65% at 9:40am GMT on Wednesday as a stronger pound took its pulled down the share prices of large UK multinationals in the aftermath of Theresa May’s historic Brexit defeat in parliament on […]
UK FTSE 100 (.FTSE) optimism around the continuing trade talks between China and the U.S. helped London markets were up on Wednesday, as optimism around the continuing trade talks between China and the U.S. helped lift stocks. The FTSE 100 has gained 2.6% so far this year, easing investor worries that the falls seen in […]
UK FTSE 100 (.FTSE) 2019 Depends on Brexit, if democracy rules Brexit will be done and the FTSE will rally. Overall, the bias in prices is: Sideways The projected upper bound is: 7,323.87. The projected lower bound is: 6,053.69. The projected closing price is: 6,688.78. Candlesticks A black body occurred (because prices closed lower than […]
UK FTSE 100 (.FTSE) continuining uncertainty over a no-deal Brexit Shares in Britain’s banks are set to remain under pressure in 2019 as uncertainty over Brexit looms ever larger over the City. Analysts say the rally seen in the FTSE 350 bank index after the 2016 referendum on EU membership ran out of steam this […]
UK FTSE 100 (.FTSE) hits its 35th birthday It was in 1984 that T-shirts proclaimed ‘Frankie says relax’ and the song that inspired this sartorial trend (by Frankie Goes To Hollywood) reached the top of the pop charts. It was also the year when the FTSE 100 index of Britain’s biggest publicly listed companies was […]
UK FTSE 100 (.FTSE) halts decline after hitting two-year low The FTSE 100 fell below 6670 in the early hours of the morning, with the index reaching a new two-year low. This continues the bearish trend for the index, pointing towards further downside. However, with the index starting to regain ground off the back of a long-legged […]
UK FTSE 100 (.FTSE) More fund managers expect global growth to weaken The US stock market is clinging onto its gains, with the S&P 500 still up almost 1% today. Oil, though, continues to wallow at 15-month lows as traders anticipate weak demand in 2019. The FTSE 100 is weakening once more after a period of stability […]
UK FTSE 100 (.FTSE) regains ground, yet further downside looks likely The FTSE 100 is continuing its ascent, in a week that has seen the index enjoy a relatively calm trend despite all the political upheaval. We look likely to continue pushing upwards, but the likeliness is that this is a retracement of the sell-off from the […]
Update: UK Prime Minister May Wins Confidence Vote UK FTSE 100 (.FTSE) Conservative MPs will cast their votes on whether to save Prime Minister Theresa May Between 6pm and 8pm this evening, Conservative MPs will cast their votes on whether to save Prime Minister Theresa May in today’s no confidence vote. The FTSE 100 stock […]
UK FTSE 100 (.FTSE) reports that trade talks between China and the US are going well US stocks got off to a flyer, encouraging the Footsie to cement its position above 6,800. The FTSE 100 was up 122, or 1.82%, at 6,845, while in the US the Dow was up 273 points (1.12%) at 24,693 […]