London close: Homebuilders jump ahead of Budget

IG’s Mahony added: “The FTSE 100 is being boosted by the house builders, with Wednesday’s budget expected to be dominated by the government’s attempts to fix a housing market that has too few new houses being built. “With Labour holding the vote for younger parts of the country, Wednesday’s …

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London close: Homebuilders jump ahead of Budget

IG’s Mahony added: “The FTSE 100 is being boosted by the house builders, with Wednesday’s budget expected to be dominated by the government’s attempts to fix a housing market that has too few new houses being built. “With Labour holding the vote for younger parts of the country, Wednesday’s …

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LONDON MARKET CLOSE: Stocks End Higher, FTSE 100 Reverses Early Losses

LONDON (Alliance News) – London stocks ended Monday largely in the green, with the FTSE 100 index reversing a two-month low reached earlier in the session to end slightly higher, while the Pound remained firm on hopes Brexit talks will see progress before the year-end. “The FTSE 100 has …

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European Markets Recover From Early Weakness

BRUSSELS/FRANKFURT/PARIS (Alliance News) – The European markets got off to a weak start Monday, but managed to climb back into positive territory before midday. Early weakness was due to political uncertainty in Germany, where talks to form a coalition…

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UPDATE 1-Britain’s FTSE recoups early losses as cyclicals recover

LONDON, Nov 20 (Reuters) – Britain’s top share index recovered from earlier losses to inch higher at the start of the week as cyclical sectors made a comeback, though the UK market lagged European benchmarks and Shire was a loser among health stocks. The blue chip FTSE 100 index ended 0.1 …

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Markets dispel Monday blues

The FTSE 100 has shrugged off its pre-open weakness, moving higher along with markets in Europe and the US, as the usually-positive pre-Thanksgiving period gets underway. Michel Barnier’s warnings about the UK losing passporting rights have not had much impact on bank shares, with the market …

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Markets dispel Monday blues

The FTSE 100 has shrugged off its pre-open weakness, moving higher along with markets in Europe and the US, as the usually-positive pre-Thanksgiving period gets underway. Michel Barnier’s warnings about the UK losing passporting rights have not had much impact on bank shares, with the market …

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Stocks Showing Modest Move To The Upside – US Commentary

While the UK’s FTSE 100 Index has edged up by 0.2%, the French CAC 40 Index is up by 0.4% and the German DAX Index is up by 0.5%. In the bond market, treasuries have pulled back near the unchanged line after seeing initial strength. As a result, the yield on the benchmark ten-year note, which …

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Oil Traders take Cautious Approach and Keep Track of News

It seems that Oil prices took a roller coaster ride. This week market participants build up their buy deals while last week oil prices suffered losses. However, the rally is limited. First of all, let us draw your attention to the shale oil prices, which rebounded and are trading just above the level of $56 per barrel. The Light Sweet Crude Oil managed to recoup […]

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FTSE 100 movers: Barclays boosted by Merrill upgrade; Shire hit by Roche news

London’s FTSE 100 was up 0.2% to 7,394.52 in afternoon trade on Monday as investors digested political events in Germany and looked ahead to this week’s Budget. Barclays was lifted by a double upgrade to ‘buy’ at Bank of America Merrill Lynch, which bumped up its target price to 220p from 180p.

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Euro rebounds as markets brush off German political turmoil

The Euro rebounded this morning after falling against the dollar following the collapse of coalition talks in Germany. The pro-business Free Democratics (FDP) walked away from discussions with Chancellor Angela Merkel’s Christian Democrats and the Greens on Sunday night, raising the prospect of …

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Asian Traders Still Selling USD

Asian traders started a new trading week with the same sentiment, unwilling to buy the US dollar. The USD/JPY pair reached a 4-week low near 112.00. The Japanese Yen is still winning favor with investors as a safe haven asset. Meanwhile, the US currency is weighed down as investors remained skeptical of the efforts of the Republicans to pass the tax bill. President Donald Trump himself has doubts about implementation of the tax reform. […]

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