|Day's range||7,475.49 - 7,546.65|
|52-week range||6,536.50 - 7,790.20|
It’s a big week ahead for the markets. Earnings, economic data, Iran, trade war chatter, and the ECB are all in focus.
The FTSE 100 (INDEXFTSE:UKX) could offer an increasingly impressive income return when compared to a Cash ISA in my opinion.
Investing in FTSE 100 (INDEXFTSE:UKX) stocks could be a better move than buy-to-let investments in my opinion.
I think the FTSE 250 (INDEXFTSE:MCX) offers better growth potential than the FTSE 100 (INDEXFTSE:UKX).
The major U.S. stock indexes are expected to open higher based on the pre-market futures trade, however, the markets are retreating from early highs. Buyers came in early, following through to the upside after Thursday’s late rally, but gains were dampened after a New York Fed spokesperson downplayed the chances of an aggressive rate cut.
Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar. European shares opened higher across the board, with the pan-European STOXX 600 index gaining 0.7% in early trade. Comments by New York Fed President John Williams on Thursday made it virtually certain, in the markets' view, that the Fed would cut interest rates by at least 25 basis points at its July 30-31 policy meeting and also revived expectations of an even deeper 50 bps reduction.
London's FTSE 100 ended higher on Friday as bolstered hopes of a U.S. interest rate cut stoked risk appetite, though the index's advances were reined in after political turmoil in Italy triggered a broad sell-off in bank stocks. The blue-chip index ended up 0.2%, after climbing as much as 0.7%.
The blue-chip index ended up 0.2%, after climbing as much as 0.7%. The mid-cap FTSE 250 rose 0.4%, as Acacia Mining soared after agreeing to an increased buyout offer from Barrick Gold. Acacia surged more than 19% to 222.6 pence on its best day ever after Barrick , its largest shareholder, agreed to buy out the remaining shares in the company it does not already own at an implied value of 232 pence a share.
European stocks were flat on Friday afternoon as market players awaited news on whether the U.S. Federal Reserve will cut interest rates this month.
Italy outperforms * Report ECB considering revamp of inflation goals boosts stocks but results still weigh * Wall Street dips as trade worries, Netflix weigh * Weak Japan export data, report of stalled Huawei progress and weak earnings dent sentiment * SAP sinks after below-consensus results, drags software stocks with it * Novartis hits record high after results 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.
Britain's FTSE 100 followed other major stock markets lower on Thursday as initial batches of corporate earnings jangled nerves over global growth, while losses for London's mid-cap index were capped by a buyout of pub operator Ei Group. All but two of the blue-chip index's sectors ended in the red as it shed 0.5% - its biggest intraday fall in nearly two weeks, while the mid-cap FTSE 250 lost 0.4%.
All but two of the blue-chip index's sectors ended in the red as it shed 0.5% - its biggest intraday fall in nearly two weeks, while the mid-cap FTSE 250 lost 0.4%. Bright spots on the index were tobacco giants British American Tobacco and Imperial Brands after U.S. peer Philip Morris reported its sixth consecutive quarter of profit beat.
Power company SSE Plc on Thursday reported a 1.2% dip in customer accounts and stuck to its full-year targets despite seeing a dip in the volume of renewable energy delivered in its first quarter compared to previous expectations. SSE, one of Britain's big six energy suppliers, said total energy customer accounts fell to 5.71 million as of June 30 from 5.78 million at the end of March.
European stocks pared early losses on Thursday afternoon, as investors digested fresh corporate results and kept an eye on global trade developments.
The FTSE 100 index tumbled on Wednesday amid sharp falls in oil majors as investors priced in an overnight slide in crude to one-week lows, while downbeat trading updates knocked chemicals group Johnson Matthey and miner Fresnillo. Shell and BP slipped 1.5% and 2.9% respectively, and were the biggest drags on the blue-chip index, pulling the FTSE 100 0.6% lower even as global oil prices recovered some ground.
Shell and BP slipped 1.5% and 2.9% respectively, and were the biggest drags on the blue-chip index, pulling the FTSE 100 0.6% lower even as global oil prices recovered some ground. Johnson Matthey skidded 5.4% - its biggest one-day fall in nearly four years - to the bottom of the main index after it said profit at its Clean Air business, which provides the lion's share of its earnings, would fall this year. Fresnillo also slid 2.8% after it cut its annual production targets, citing lower-than-expected ore grades and construction delays at a gold mine in Mexico.
European stocks turned negative Wednesday afternoon as trade concerns continue to weigh on global markets while earnings season gathers pace.