Santa rally reaches a peak and starts to head downhill

The FTSE 100 edged lower as the so-called “Santa rally” subsided in the final hours of trading before Christmas. Having notched up its 21st all-time high of the year on Thursday, the index closed down 11.32 points, or 0.15 per cent, at 7,592.66. A 5 per cent rise last December meant the blue-chip index …

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U.S. Durable Goods Orders Show Notable Rebound In November

New orders for U.S. manufactured durable goods showed a notable increase in the month of November, according to a report released by the Commerce Department on Friday.

The Commerce Department said durable goods surged up by 1.3 percent in November af…

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Loonie Falls After Canada GDP Data

Following the release of Canada GDP data for October at 8:30 am ET Friday, the loonie dropped against its major counterparts.

The loonie was trading at 88.73 against the yen, 1.5143 against the euro, 0.9856 against the aussie and 1.2773 against the g…

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Dollar Little Changed After U.S. Economic Data

At 8:30 am ET Friday, U.S. durable goods orders and personal income and spending data for November have been released. Following these data, the greenback changed little against its major rivals.

The greenback was trading at 113.39 against the yen, 0…

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Madrid stocks sink on Catalan woes; London hits record

“The FTSE 100 is finishing in suitably festive fashion, having carved out a new record high,” noted IG analyst Chris Beauchamp. “Meanwhile in Europe the atmosphere is less convivial, as risk assets take a knock following the separatists’ narrow victory in the Catalonia poll yesterday.” Frankfurt stocks …

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‘Santa rally’ halted as FTSE 100 takes stock of Spanish elections

‘Santa rally’ halted as FTSE 100 takes stock of Spanish elections. The FTSE 100 hits a fresh record but closes slightly lower for Christmas as investors took direction from elections in Spain. 15:11, UK, Friday 22 December 2017. London Stock Exchange. By James Sillars, Business Reporter.

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London market eases back from record heights

London’s top-flight index retreated from record heights in the final trading session before Christmas, despite consumer and retail stocks enjoying a festive boost. The FTSE 100 Index closed down 11.32 to 7,592.66, easing back from Thursday’s all-time high when a Santa rally sent the top tier beyond the …

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European Markets Are Weak amid Political Uncertainty in Spain

The United Kingdom’s FTSE 100 Index started this week on a stronger note and gained strength as the week progressed. After rising to record high price levels on Thursday, the FTSE 100 Index opened lower on Friday. It traded with strength at fresh record high price levels in the morning session.

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Loonie Rises Ahead Of Canada GDP Data

At 8:30 am ET Friday, Statistics Canada will release Canada GDP data for October. The economy is expected to expand 0.1 percent on month, following a 0.2 percent uptick in September.

Ahead of the data, the loonie advanced against its major counterpar…

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Dollar Mixed Ahead Of U.S. Economic Data

At 8:30 am ET Friday, U.S. durable goods orders and personal income and spending data for November are due. Ahead of these data, the greenback traded mixed against its major rivals. While the greenback rose against the franc, it held steady against th…

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Crude Oil Clings To $58 Ahead Of Rig Count

The rally in crude oil prices stalled Friday morning ahead of U.S. rig count figures.

Baker Hughes is expected to report the U.S. rig count continued to rise in the most recent week, suggesting robust domestic production in the first months of the ne…

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Spanish market hit by Catalan crisis

The FTSE 100’s positive run continues as the index has set another record high this morning. Consumer stocks are in high demand as the Santa rally gets under way, Next, Burberry, and Associated British Foods are all higher on the session. The IBEX 35 is firmly in the red after the Catalan nationalists …

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Gold Grinding Higher Ahead Of Data Deluge

Gold futures were higher Friday morning ahead of the Christmas break, as a compromise spending bill helped to avert a U.S. government shutdown.

Gold was up $1.20 at $1272 an ounce, adding to recent gains in quiet trading.

Markets are expected to be …

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UK GDP Expands As Estimated In Q3; Household Spending Growth Weakens

The UK economy grew at a slightly faster pace as initially estimated in the third quarter, but higher inflation and real pay squeeze weighed on consumer spending.

Gross domestic product expanded 0.4 percent sequentially in the third quarter, faster …

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Catalonia result knocks European equities

A new record for the FTSE 100 contrasts with weakness in Europe following the Catalonia result. The FTSE 100 is finishing in suitably festive fashion, having carved out a new record high this morning. Meanwhile in Europe the atmosphere is less convivia…

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The Accumulator: FTSE ends the year on a high

A year that began with the FTSE 100 notching up a record-breaking 12 consecutive closing all-time highs is ending with the UK blue-chip index setting more milestones. Yesterday the index closed at 7,604, a new all-time high, and is on course to notch up another record in today’s half-day of trading, …

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Sweden PPI Inflation Accelerates In November

Sweden’s producer price inflation accelerated in November after easing in the previous month, figures from Statistics Sweden showed Friday.

Producer prices climbed 2.7 percent year-over-year in November, faster than the 2.5 percent rise in October, w…

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CFO

The FTSE 100 (INDEXFTSE:UKX) extended to a new record high on a half day of trading ahead of the holidays with a weaker pound helping the big international companies. The retail companies were enjoying a boost as shoppers rush headlong into the final f…

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Sweden Retail Sales Rise Further In November

Sweden’s retail sales increased for the third straight month in November, data from Statistics Sweden showed Friday.

Retail sales rose a seasonally adjusted 0.9 percent month-over-month in November, following a 0.5 percent rise in October.

On a yea…

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