|Day's range||7,258.46 - 7,359.38|
|52-week range||6,536.50 - 7,727.50|
* Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Nigel Farage's decision not to field Brexit Party candidates in 317 Tory constituencies may very well a game changer for Boris Johnson in the upcoming Dec 12 general election.
Demand for defensive stocks helped European shares recover from early losses on Monday as investors grappled with issues ranging from violent Hong Kong protests to an inconclusive Spanish election and weak data from China. After falling nearly 0.5% at one point, the pan-European STOXX 600 index closed flat, helped by a turnaround in bank shares and gains for sectors considered safer bets during times of economic uncertainty, such as food and beverage and real estate. London's FTSE 100 led declines among the major regional indexes with a 0.4% drop, while stocks in Frankfurt fell 0.2% and Paris rose 0.1%.
The pound jumped on Monday, hitting a six-month high versus the euro and posted its biggest daily rise in nearly a month against the greenback after the Brexit Party said it would not contest previously Conservative held seats in the UK's election. In a significant boost for Prime Minister Boris Johnson ahead of the Dec. 12 election, Brexit Party leader Nigel Farage said he did not want anti-Brexit parties to win, so was standing down candidates in seats won by the Conservatives in 2017. "The Tories will be heaving a sigh of relief and it also reduces at the margin the prospect of a hung parliament," said Neil Mellor, FX strategist at BNY Mellon.
Never mind Britain's general election and January 2020 Brexit deadline -- there is a fog over UK assets that won't lift any time soon, some of the world's biggest money managers said. Asset managers speaking at the Reuters Investment Summit in London were broadly of the view that whichever party wins Dec. 12's election, Britain has dodged the worst-case scenario of a no-deal Brexit.
After falling nearly 0.5% at one point, the pan-European STOXX 600 index closed flat, helped by a turnaround in bank shares and gains for sectors considered safer bets during times of economic uncertainty, such as food and beverage and real estate . London's FTSE 100 led declines among the major regional indexes with a 0.4% drop, while stocks in Frankfurt fell 0.2% and Paris rose 0.1%. The exporter-heavy FTSE index was hit by a jump in the pound after the Brexit Party said it would not contest previously Conservative held seats in Britain's upcoming election, in a boost for Prime Minister Boris Johnson.
Investing.com -- The British pound surged on Monday as Brexit Party head Nigel Farage said his party won't contest any seats currently held by the Conservative Party at the general election on Dec. 12. The move increases the chances of the Conservative Party gaining a majority at the polls, and consequently implementing the EU withdrawal agreement secured last month by Prime Minister Boris Johnson.
Investing.com -- Hong Kong's police used live ammunition against protesters as disruptions to the Chinese trade hub worsen. Meanwhile, U.S. officials continue to play down hopes of a mutual tariff roll-back, Saudi Aramco publishes a 600-page IPO prospectus with no mention of price or volume, and Brexit slows the U.K. economy to a crawl. Here's what you need to know in financial markets on Monday, 11th November.
Investing.com -- The escalation of violence in Hong Kong over the weekend has cast a pall over European stock markets on Monday, reinforcing a “risk-off” move that was already underway thanks to comments from the U.S. playing down the chances of a mutual reduction in import tariffs with China.
Along with trying to repair its reputation, newly installed CEO Debbie Crosbie is trying to find around £100m in cost savings.
Buying FTSE 100 (INDEXFTSE:UKX) shares today could improve your retirement prospects and enable you to generate a surprisingly large passive income.
As UK's general election dominates national headlines, savvy FTSE 100 (INDEXFTSE: UKX) investors are likely to find long-term opportunities.
It’s a big week for the markets. UK politics and trade are in focus on the geopolitical front, with the RBNZ also in action. Stats will also influence.
Bitcoin has fallen in value after a brief summer resurgence. Conor Coyle would aim to grow his portfolio this way instead.
* On focus Natixis, Allianz and Richemont Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Well, one thing's for sure, it's not because of great earnings, say DWS analysts who note earnings estimates for the S&P 500 have fallen by 8.6% compared to estimates of a year ago and that the fall is worst in cyclical export-oriented markets like Germany. This is not the basis for a sustained stock-market rally," writes Thomas Bucher, a DWS equity strategist.