Advertisement
UK markets close in 5 hours 11 minutes

  • FTSE 100

    8,052.89
    +29.02 (+0.36%)
     

  • FTSE 250

    19,704.05
    +104.66 (+0.53%)
     

  • AIM

    752.25
    +3.07 (+0.41%)
     

  • GBP/EUR

    1.1595
    +0.0006 (+0.05%)
     

  • GBP/USD

    1.2359
    +0.0009 (+0.07%)
     

  • Bitcoin GBP

    53,509.06
    +46.88 (+0.09%)
     

  • CMC Crypto 200

    1,422.04
    +7.28 (+0.51%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • DOW

    38,239.98
    +253.58 (+0.67%)
     

  • CRUDE OIL

    81.91
    +0.01 (+0.01%)
     

  • GOLD FUTURES

    2,312.10
    -34.30 (-1.46%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • DAX

    18,011.09
    +150.29 (+0.84%)
     

  • CAC 40

    8,073.83
    +33.47 (+0.42%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

StockBeat: Stoxx 600 Prepares for Another Run at 400

Investing.com

By Geoffrey Smith

Investing.com -- Europe’s stock markets were broadly higher after early trade on Friday after a strong manufacturing survey from China supported hopes that the worst of that country’s slowdown is over.

The moves largely corrected losses from earlier in the week and still weren’t enough to get markets like the U.K.'s FTSE 100 or Spain’s IBEX 35 over the gain line for the week, and few were willing to place large new bets ahead of the U.S. labor market report later in the day.

The report will be the first major hard data of the fourth quarter, following on from a mixed bunch of purchasing manager surveys from research firm IHSMarkit this week. Much of Friday’s gains in Europe were due to the big improvement in the IHS/Caixin manufacturing PMI in China, which showed its biggest improvement in two years. Reports from European markets were not as strong, with Turkey, the Netherlands, Sweden and Norway all falling, and only Switzerland and the U.K. surprising significantly to the upside.

ADVERTISEMENT

Among sectors, chipmakers made solid gains on the back of Samsung’s forecast that the memory chip sector will revive strongly next year after a buffeting this year from the U.S.-China trade dispute.

STMicroelectronics NV (PA:STM) was up 1.6%, while ASML (AS:ASML) and Infineon Technologies (DE:IFXGn) were both up 1.3%. AMS (SIX:AMS), more concerned with the outcome of its struggle for control of Osram Licht (DE:OSRn), was unchanged.

Elsewhere, Danske Bank (CSE:DANSKE) was the standout underperformer after it lowered its full-year guidance under the impact of low interest rates and costs from its Russian money-laundering scandal.

Peugeot (PA:PEUP) and components maker Faurecia (PA:EPED) both recovered, meanwhile, after Thursday’s steep declines in response to the terms of its agreed merger with Fiat Chrysler (MI:FCHA). Peugeot was up 1.9% while Faurecia was up 1.4%

By 5:30 AM ET (0930 GMT), the benchmark Euro Stoxx 600 was up 0.4% at 398.50, set for yet another run at the 400 level if the employment report can give it fuel. The German DAX was also up 0.4%, while Copenhagen led the way with a 1.3% gain.

Related Articles

Singapore's Ascendas REIT to buy business parks from CapitaLand for $1.2 billion

China factory data lifts European shares; Danske bank slides

Google, Walmart Help Drive India Payments Past 1 Billion Transactions