|Day's range||7,507.59 - 7,642.21|
|52-week range||6,734.00 - 7,727.50|
I believe many investors may achieve dividend income and growth while diversifying outside the UK.The post Happy Chinese New Year! Here's how I'd invest internationally appeared first on The Motley Fool UK.
'It will not have a big impact that the UK will have left the European Union in some days,' Olaf Scholz said during a panel at Davos.
On Thursday, ECB President Christine Lagarde told a news conference that risks to growth in the Euro Zone remained tilted to the downside.
Plastic wrapping will be scrapped from all all tinned food in a move the supermarket says will save 350 million tonnes of plastic a year.
(Bloomberg) -- Coutts & Co., the private banker to Queen Elizabeth II, is famed for its ornate London offices and white-glove service to wealthy clients.But it isn’t above some bargain-hunting, and these days the bank is looking for value close to home: the stocks of mid-size British companies.The reason is Brexit. With U.K. Prime Minister Boris Johnson passing his withdrawal agreement this week and the country poised to depart the European Union at the end of the month, uncertainty surrounding the process is beginning to clear. That has made Coutts bullish on smaller manufacturers and other U.K. firms that may benefit from rising confidence in the domestic economy.“Ever since the referendum passed in June 2016, U.K. equities have been unloved, undervalued, and under-owned,” said Monique Wong, senior portfolio manager at the 328-year-old bank. “But a big part of the Brexit story is now behind us and mid-caps have been trading at a bigger discount than large caps.”Work AheadEven so, there’s still work ahead as officials in London and Brussels hash out a new trade agreement. Johnson’s insistence on completing a deal by the end of the year may stoke market risk if months tick by with little progress. Should sterling fall as a result, that could favor the stocks of larger U.K. companies that rely on exports for growth.Still, many investors have seen enough to make them buyers of smaller British equities, Wong said. Last year, the FTSE 250 index of mostly mid-size companies returned 29%, outpacing the 17% advance of the large-cap FTSE 100. Between June 24, 2016 -- the day after the Brexit vote -- and the end of 2018, it was the export-heavy FTSE 100 that outperformed.Coutts, a unit of Royal Bank of Scotland Group Plc, is also high on another unloved group: stocks from mainland Europe. As fears of a U.S. recession dissipate and the trade war between Washington and Beijing eases, demand may rise for European manufactured goods and lift equities, especially in Germany, Wong said.“Europe is a leveraged play on the global economic cycle,” she said.Coutts’s growth strategy portfolio, which combines stocks, bonds and alternative assets, returned 17% last year.To contact the reporter on this story: Edward Robinson in London at email@example.comTo contact the editors responsible for this story: Pierre Paulden at firstname.lastname@example.org, Steven Crabill, Peter EichenbaumFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Stock markets across Europe bounced back despite the widening quarantine in China over the coronavirus and the rising death toll.
The FTSE 100 ended a four-day losing streak to rise 1%, but worries over the spread of the virus have spoiled risk appetite in the past few days and dragged the index to its worst weekly performance in nearly two months. The FTSE 250 also firmed 1%, getting a further boost as early readings of the IHS Markit/CIPS UK Purchasing Managers' Index (PMI) showed Britain's vast services sector returned to growth in January for the first time since August. Global headlines were dominated by the new coronavirus which has killed 26 people and infected more than 800 so far.
A senior figure at S&P Global said firms increasingly risked credit downgrades if they failed to take cyber-security seriously.
Dambisa Moyo said governments have 'abdicated' their responsibilities and corporations were 'wrongly' being asked to pick up the slack.
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
(Bloomberg) -- In Europe, a rising tide isn’t lifting all boats equally.The region’s main stock index may be reaching new peaks in 2020, but a majority of country benchmarks are still some way off their heights, particularly those in southern Europe that were worst hit in the euro-area debt crisis. Near the top of that list is Italy, where renewed political uncertainty roiled bank stocks on Wednesday, pushing the FTSE MIB Index even further away from a 20-year-old record.In contrast, Germany’s DAX just became the latest gauge to reach a new peak, boosted by fading trade tensions and improving macro data. That came close on the heels of the Stoxx Europe 600 Index, which smashed its previous closing high of 2015. The U.K.’s FTSE 100, freshly in demand amid receding Brexit worries and bets on global growth, is nearest to joining the club next.Growing concern about China’s coronavirus outbreak weighed on European equities on Thursday, with most country gauges in the red. That’s adding fresh risk to a market at a time when most of Europe’s lagging benchmarks are yet to recover from the aftershock of the global financial crisis. Profit growth too has barely budged despite repeated bullish calls each year.In fact, the descent of southern European gauges was so acute during the debt crisis that even a strong outperformance now only closes the gap a little: Despite last year’s world-beating 49% rally, the Greek ASE remains farthest from the peak -- about 85%, while gauges in Spain, Italy and Portugal are about 40% or more away from their highs.Rallies in the DAX and FTSE 100 gauges indicate the exporter-heavy indexes have found favor amid improving global macro conditions. The Swiss Market Index is at record levels, having benefited from its defensive composition, while France’s industrial-heavy CAC 40 Index and the Dutch AEX Index -- home to multinational companies such as Unilever and ASML Holding NV -- are about 13% off their peaks.(Updates with today’s market move in fourth paragraph.)To contact the reporter on this story: Namitha Jagadeesh in London at email@example.comTo contact the editors responsible for this story: Blaise Robinson at firstname.lastname@example.org, Paul JarvisFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The FTSE 100 (INDEXFTSE:UKX) could offer impressive income investing prospects, in my opinion.The post No savings at 50? I’d build a FTSE 100 portfolio to retire on a growing passive income appeared first on The Motley Fool UK.
The FTSE 100 gave up 0.9%, marking its steepest one-day drop in nearly two months and set for its worst weekly performance since early October. Losses came after China put Wuhan, the city at the centre of the outbreak, on lockdown as health authorities around the world scramble to prevent a global pandemic. The new coronavirus has so far killed 17 and infected nearly 600 people.
Global markets rebound after virus-related fears subside. Risk is still present so traders should be cautious with equity markets trading at all-time highs.
Standard Chartered CEO Bill Winters said investors have 'an enormous opportunity and I would say obligation' to invest in green projects.