|Day's range||7,524.52 - 7,590.07|
|52-week range||6,536.50 - 7,790.20|
European stocks are set to start Wednesday's session in the red, as comments from President Donald Trump reignited fears over trade.
* STOXX 600 +0.4%, FTSE 100 outperforms +0.6% as sterling plunges * Burberry has best day ever after results * Weaker euro lifts euro-zone bourses * FTSE 250 defies fresh Brexit worries, pound drop Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: email@example.com BREAKING RANKS: NO BREXIT WOBBLE FOR UK MIDCAPS (1631 GMT) Aside from some notable moves in individual stocks (Burberry and easyJet are standouts), one of the most significant moves today was in London. The exporter-heavy FTSE 100 outperformed its European peers while sterling plunged as investors scrambled to price in a higher chance of the country crashing out of the EU as the two candidates vying to be next PM tried to outgun each other on taking a harder stance on Brexit.
The U.S. retail sales are much stronger than expected and point to economic stability, not interest rate cuts.
London markets climbed on Tuesday as the pound continued to tumble on Brexit concerns despite strong U.K. wages growth.
The U.K. labor picture remained strong in May, according to data released Tuesdayby the Office for National Statistics. Weekly earnings in the 3 months ending May rose 3.6%, the strongest rise since July 2008. The unemployment rate meanwhile stayed at 3.8%, matching the lowest level since 1974.
London's main index rose on Tuesday as Burberry scaled an 11-month high after its first-quarter update showed new designs boosted sales, and a weaker sterling aided exporter stocks, while mid-caps rose in a rare break from the domestic currency. The FTSE 100 added 0.6%, its best day in nearly 2 weeks, outperforming the broader European markets. Gains in easyJet and Aston Martin helped the domestically-focused FTSE 250 advance 0.4%, despite a hit to the local currency from mounting Brexit jitters.
British fashion brand Burberry's shares jumped on Tuesday, lifting other luxury goods makers, while upbeat earnings from big Wall Street banks spurred gains for the region's lenders, driving major European markets to their highest closing levels in a week. Burberry's shares surged 14.4%, their biggest one-day gain in 7 years, as quarterly results showed demand for new designs by creative chief Riccardo Tisci picking up. Upscale retailers in Europe, including Hermes, Louis Vuitton owner LVMH and Gucci parent Kering , rose between 0.4% and 2%, helping France's CAC 40 index outperform its European peers with a 0.65% gain.
The FTSE 100 added 0.6%, its best day in nearly 2 weeks, outperforming the broader European markets. Gains in easyJet and Aston Martin helped the domestically-focused FTSE 250 advance 0.4%, despite a hit to the local currency from mounting Brexit jitters. Luxury brand Burberry jumped more than 15% on its best day ever, after it posted a stronger-than-expected rise in first-quarter comparable-store sales and affirmed its annual forecast.
British motor insurer Hastings warned on Tuesday of a $10 million hit to its profits from a change in the discount rate used to calculate compensation for personal injuries, with rivals expected to follow. Hastings' shares fell nearly 5%, among the biggest falls on the FTSE mid-cap index, after the company said it would take an 8.4 million pounds ($10.5 million) pre-tax charge in 2019, in response to Britain's decision on Monday to change the so-called Ogden rate to minus 0.25% from minus 0.75%. The change follows lobbying from motor insurers, whose profits were hit by a cut in the rate from 2.5% in 2017.
European stocks began to gain momentum on Tuesday afternoon after a muted morning session, as traders monitor a slew of earnings reports.
London's FTSE 100 clawed back some ground on Monday, ending its longest losing streak in three-and-a-half years as Chinese data eased investor concerns over a global growth slowdown. After seven sessions of losses, the FTSE 100 rose 0.3%, with miner Antofagasta surging after a favourable arbitration verdict. The data from China showed industrial output and retail sales comfortably topping forecasts, but economic growth slowed to its weakest pace in at least 27 years.
After seven sessions of losses, the FTSE 100 rose 0.3%, with miner Antofagasta surging after a favourable arbitration verdict. The data from China showed industrial output and retail sales comfortably topping forecasts, but economic growth slowed to its weakest pace in at least 27 years.
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. European stock futures are starting the week on the front foot recovering slightly from their first weekly loss since May and taking their lead from Asian markets overnight, which drew some support from China's upbeat retail sales and factory output data. Q2 GDP data showed the world's No. 2 economy grew at its weakest growth in at least 27 years, underscoring concerns about the damage from the prolonged trade spat between Beijing and Washington, although the number was in line with expectations.
European stocks returned to positive territory Monday afternoon, during a choppy session amid worries China's economy is slowing due to a trade war with the U.S.
The FTSE 100 (INDEXFTSE:UKX) could offer superior income investing opportunities than a buy-to-let in my opinion.
It’s a big week ahead, with key stats, corporate earnings, and geopolitical risk to provide the majors with direction through the week.
London stocks continued to rally on Friday as the heightened prospect of Federal Reserve rate cuts swept optimism across global markets.
European markets edged higher on further signs of a Federal Reserve rate cut but the DAX struggled after a damaging profit warning from German car giant Daimler.
London's FTSE 100 saw its seventh day in the red on Friday, its longest losing streak since 2015, led lower by losses in pharmaceuticals after the U.S. White House scrapped a rebate rule, while the midcap bourse jumped on prospects of lower interest rates. The UK's blue-chip index edged 0.1% lower after trading in positive territory for most of the session as its more internationally-exposed constituents such as miners climbed on hopes of an interest rate cut by the U.S Federal Reserve. The mid-cap FTSE 250, however, saw a 0.6% rise as a Bank of England official said that the BoE might need to cut interest rates almost to zero after a no-deal Brexit.