^FTSE - FTSE 100
| Previous close | 7,356.42 |
| Open | 7,356.42 |
| Volume | 0 |
| Day's range | 7,322.01 - 7,376.31 |
| 52-week range | 6,536.50 - 7,727.50 |
| Avg. volume | 711,777,626 |
- FX Empire
The Week Ahead – Geopolitics, the RBNZ and Stats in Focus
Geopolitics is in focus, with Brexit, Iran, and the U.S – China trade war likely to keep the markets busy. Stats and the RBNZ are also of influence.
- Fool.co.uk
Forget the State Pension: I’d aim to retire early through buying FTSE 100 dividend shares
I think reducing your reliance on the State Pension through FTSE 100 (INDEXFTSE:UKX) income shares could be a sound move.
- Fool.co.uk
A FTSE 100 index tracker strategy I think could beat almost all stock pickers
Looking to turbo-boost your wealth? This trick for FTSE 100 (INDEXFTSE:UKX) index investors could be a great way to do it, says G A Chester.
- Fool.co.uk
The British Pound and the FTSE 100: a correlation you should be worried about
The risk of a move lower in the FTSE 100 is high due to potential British Pound strength.
- Yahoo Finance UK
Pound down again after Irish foreign minister dashes hopes of Brexit deal
The pound reversed earlier gains after Irish foreign minister Simon Coveney said that a Brexit deal was not imminent.
- Bloomberg
Strategists Play Spoilsport Just as Europe Stock Rally Heats Up
(Bloomberg) -- European stocks have been on a tear over the past month, signaling investor optimism returning to the market. Not so fast, say strategists.They predict losses of more than 4% in both the Stoxx Europe 600 Index and the Euro Stoxx 50 Index of the region’s biggest companies by the end of the year, according to the average response in a Bloomberg poll. European equities have rebounded strongly since mid-August as trade war tensions eased and the region’s central bank boosted stimulus, with the Stoxx 600 within reach of a one-year high reached in July.They may give up some of those gains in the coming months, if the forecasts prove correct. The Stoxx 600 will close out the year at a level of 374, or 4.4% below Thursday’s close, and the Euro Stoxx 50 will end 2019 at 3,391, implying a 4.5% drop, according to the average prediction in a Bloomberg poll of strategists.While some risks have receded, others linger. The economic backdrop, particularly in Europe, remains a cause for concern. Domestic demand is weakening in Germany, with global trade tensions and Brexit uncertainty also weighing on Europe’s largest economy, the country’s finance ministry said on Thursday. And the OECD this week lowered its global growth forecast and warned that a no-deal exit from the European Union would push the U.K. into a recession.For the U.K.’s FTSE 100 Index, which has lagged European peers this year under a Brexit cloud, there may be more woes in store. Strategists on average see the gauge dropping to 7,114 by end-2019, or a 3.3% decline from Thursday’s close. Germany’s DAX Index will fall to 11,936, 4.2% below its last close, the poll shows.To view strategists’ forecasts on the Stoxx 600 and the Euro Stoxx 50, click hereFor predictions on the DAX, click here, and here for those on the FTSE 100To contact the reporter on this story: Namitha Jagadeesh in London at njagadeesh@bloomberg.netTo contact the editors responsible for this story: Blaise Robinson at brobinson58@bloomberg.net, John ViljoenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters - UK Focus
UPDATE 2-British blue-chips dented by sterling's brief Brexit uplift
Britain's exporter-heavy blue-chip index lost ground as sterling hit multi-month highs after European Commission President Jean-Claude Juncker said that a Brexit deal is still possible. The FTSE 100 dipped by 0.2%, registering its first weekly loss in three, though sterling's early gains helped the more domestically focused mid-cap FTSE 250 to firm by 0.4%.
- Reuters - UK Focus
UPDATE 2-European shares log fifth week of gains, Novo Nordisk shines
European stocks clocked their fifth straight week of gains on Friday with investors buying into the oil and gas and banking sectors, and Novo Nordisk rising after U.S. approval of its oral diabetes drug. Investors also sought refuge in the so-called defensive sectors such as utilities, real-estate and food and beverages ahead of a week packed with economic data. The United Nations (UN) general assembly will also provide clues on the fallout from attacks on Saudi oil facilities last weekend and indications of a potential meeting between the presidents of Iran and the United States.
- Yahoo Finance UK
What to Watch: Bed startup dives on profit warning, Sports Direct weighs in on JD deal, and Airbnb eyes listing
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
- Reuters
European shares log fifth week of gains, Novo Nordisk shines
Investors also sought refuge in the so-called defensive sectors such as utilities , real-estate and food and beverages ahead of a week packed with economic data. The United Nations (UN) general assembly will also provide clues on the fallout from attacks on Saudi oil facilities last weekend and indications of a potential meeting between the presidents of Iran and the United States. "After (the general assembly) things may become more uncertain, so that could explain the moves into defensive stocks," said Teeuwe Mevissen, senior market economist at Rabobank.
- Reuters
British blue-chips dented by sterling's brief Brexit uplift
The FTSE 100 dipped by 0.2%, registering its first weekly loss in three, though sterling's early gains helped the more domestically focused mid-cap FTSE 250 to firm by 0.4%. Housebuilders, generally sensitive to Brexit updates, were among those to benefit as the sector index reached its highest in nearly two months on Juncker's apparent optimism. The pound jumped to two-month highs but cooled later in the session after the Irish Foreign Minister said that Britain and the European Union were not yet close to agreeing a deal on Britain's planned departure from the European Union.
- Yahoo Finance UK
Pound hits two-month high as Juncker says Brexit deal still possible
European Commission president Jean-Claude Juncker's comments gave markets hope Britain could avoid crashing out without a deal.
- Fool.co.uk
For the bookshelf of the FTSE 100 investor – Part I
Tezcan Gecgil believes reading can give good investors a competitive advantage, with books on famous asset bubbles from the 17th and 18th centuries, long before the FTSE 100 (INDEXFTSE: UKX) index was established.
- Yahoo Finance UK
First woman to lead top UK bank as RBS names Alison Rose CEO
Rose is currently deputy CEO of NatWest and CEO of commercial and private banking at RBS.
- Reuters - UK Focus
LIVE MARKETS-Closing snapshot: STOXX powered by banks
* European stocks rise 0.6%, banks outperform (+1.9%) * Fed's hawkish cut, value rotation boosts banks * Fed helps calm market anxious over repo rate spikes * Bank of England keeps rates steady, FTSE up 0.6% * Next down 5.7% on weak Q3 outlook * European steel stocks fall on US Steel warning 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: rm://thyagaraju.adinarayan.thomsonreuters.com@reuters.net CLOSING SNAPSHOT: STOXX POWERED BY BANKS (1626 GMT) A hawkish rate cut at the Fed made the day for banks, sending their sectoral index rising 1.9% to score its first positive day in four.
- Fool.co.uk
Don’t know where to start with a self-invested pension? Put your money to work like this
Investing in a global market portfolio is possible within a SIPP or ISA. Investing in everything means not having to choose anything.
- Reuters - UK Focus
LIVE MARKETS-After Fed, time to take profits?
* European stocks rise 0.6%, banks outperform (+1.7%) * Fed's hawkish cut, value rotation boosts banks * Fed helps calm market anxious over repo rate spikes * Bank of England keeps rates steady, FTSE up 0.6% * Next down 5.6% on weak Q3 outlook * European steel stocks fall on US Steel warning 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: rm://thyagaraju.adinarayan.thomsonreuters.com@reuters.net AFTER FED, TIME TO TAKE PROFITS?
- Yahoo Finance UK
Saga travel firm blames partner for 'exclusively for Brits' cruise brochure
Saga said its partner Cruise.co.uk was responsible for a brochure that advertised one of its cruises as 'exclusively for Brits.'
- FX Empire
FOMC Disappoints Market, Central Banks Eye Trade, U.S. Data Comes In Strong
Global markets are cautious following a round of less dovish than expected central bank meetings.
- Yahoo Finance UK
Ryanair boss could get €99m bonus despite shareholder revolt
Ryanair boss Michael O’Leary stands to net €99m after half of shareholders voted against the company's renumeration report.
- Reuters - UK Focus
REFILE-Sterling, gilt yields slip after Bank of England details Brexit hit
The British pound and government bond yields fell on Thursday after the Bank of England kept interest rates on hold as expected but for the first time detailed damage from a further Brexit delay could cause to the economy. The BOE which decided unanimously to keep its bank rate unchanged at 0.75%, said Brexit uncertainty was causing slack to re-emerge in Britain's economy and damaging productivity. "Cuts [in rates] are increasingly likely due to the prolonged uncertainty around Brexit.
- Fool.co.uk
As oil prices increase should investors buy into the BP share price?
Investors in the passive income favourite BP plc (LON:BP) shares are likely to benefit from the surge in oil prices, too.
- Yahoo Finance UK
Bank of England warns Brexit limbo damaging as interest rates unchanged
The Bank of England kept the interest rate unchanged at 0.75%.
- Reuters - UK Focus
LIVE MARKETS-Need for M&A: Euro-zone has 5 times more banks than China
* European stocks rise 0.4%, banks outperform * Fed's hawkish cut, value rotation boosts banks * BoE rate decision at 1100 GMT * Next slumps 5% on weak Q3 outlook * European steel stocks fall on US Steel warning 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: rm://thyagaraju.adinarayan.thomsonreuters.com@reuters.net NEED FOR M&A: EURO-ZONE HAS 5 TIMES MORE BANKS THAN CHINA (0922 GMT) Euro-zone has more banks than the world's most populous country China, but still there are no signs of consolidation in the sector due to complications in cross border M&A in Europe. Astounding numbers from JPMorgan: Euro-zone has 4,500 banks, one per 75,000 people, while China has 4,100 banks, one per 341,000 people.
- Yahoo Finance UK
Only 1,000 banking jobs lost since the Brexit vote
Banks have "so far transferred fewer staff and assets to the continent than expected," EY's UK financial services head Omar Ali said.
