LONDON MARKETS: FTSE 100 Drops After IMF Cuts UK Growth Forecast On Brexit Impact

London-listed shares were also lower alongside other global markets, which were unable to gain much traction after U.S. lawmakers neared completion of an overhaul of the country’s tax code. What did the market do?: The FTSE 100 index fell 0.3% to close at 7,525.22, its lowest close since Friday.

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Edwina Currie: To increase productivity, we need to love those who make money

Before Parliament I used to teach economics and business studies; had I not gone into politics I’d have loved to end up running a successful FTSE 100 company. There’s nothing like a keen young entrepreneur, male or female, rhapsodising about their latest coup, to have me swoon with admiration.

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European markets slide as Senate backs US tax reforms

The biggest risers on the FTSE 100 Index were Mondi up 47p to 1,874p, Rio Tinto up 65.5p to 3,710p, Anglo American up 25p to 1,490p, GKN up 4.9p to 304.4p. The biggest fallers were NMC Health down 114p to 2,738p, British American Tobacco down 75p to 4,…

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Britain’s FTSE dips as final US tax bill vote awaited

The FTSE 100 .FTSE shed 0.3 percent, outperforming the bigger losses suffered by euro zone benchmarks due to a strengthening euro. “How much higher can we go given that most of the gains seen this year have been predicated on there being some sort of fiscal stimulus or tax reform, which now …

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DIRECTOR DEALINGS SUMMARY: Rentokil Director’s Wife Sells Shares

Shares in the FTSE 100-listed company closed up 0.5% at 313.38 pence each on Wednesday. ———– Inmarsat Non-Executive Director Claude Kehler acquired 1,000 shares at a price of 464.099 pence per share Wednesday. Kehler’s subsequent shareholding was not disclosed. Shares in Inmarsat …

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Major Averages Turn Mixed After Seeing Initial Strength – US Commentary

While the UK’s FTSE 100 Index has edged down by 0.2%, the French CAC 40 Index is down by 0.5% and the German DAX Index is down by 0.7%. In the bond market, treasuries are seeing further downside following the notably decline seen in the previous session. Subsequently, the yield on the …

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U.S. Existing Home Sales Jump To Nearly 11-Year High In November

After reporting a sharp increase in existing home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing another jump in existing home sales in the month of November.

NAR said existing hom…

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Banks help stocks higher after Senate passes tax bill

The euro edged up to $1.1856 from $1.1845. OVERSEAS: Germany’s DAX dropped 0.7 percent and the French CAC 40 dipped 0.3 percent. In Britain, the FTSE 100 fell 0.1 percent. Japan’s Nikkei 225 rose 0.1 percent. The South Korean Kospi lost 0.3 percent. The Hang Seng in Hong Kong slipped 0.1 …

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FTSE 100 turns lower again as Wall Street makes mixed start

The Footsie dropped lower again in late afternoon trading, falling back from earlier modest gains as US stocks made mixed early progress following fresh record highs on Tuesday with the final vote on US tax reform plans due. Around 2.50pm, the FTSE 100…

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Pound Extends Rise Amid BoE Carney's Testimony

The pound continued to be higher against its major counterparts in early New York deals on Wednesday, after the Bank of England Governor Mark Carney said that teaming with the U.K. is in best interests of EU and global financial systems.

Speaking to …

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Are You Prepared to Trade Changing Markets?

Things change and in trading, this could mean higher or lower volatility, psychological makeup, and shocking news that make up the market, anything that may affect your risk to reward ratio and trading plan. Markets ebb and flow and there are times of abnormal activity that must be taken into account. We are not always going to have ideal trading contidions. It is something that we […]

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Belgium Business Confidence Weakens First Time In 3 Months

Belgium’s business confidence unexpectedly dropped for the first time in three months in December with deterioration across the board, survey data from the National Bank of Belgium showed Wednesday.

The business confidence index fell to 0.1 from 1.6 …

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FTSE 100 movers: Mondi up on upgrade but NMC Health falls after update

London’s FTSE 100 was flat at 7,544.98 in afternoon trade on Wednesday, with volumes getting thinner as the Christmas break nears. Paper and packaging group Mondi was the standout gainer as Goldman Sachs upgraded the stock to ‘buy’ from ‘neutral’, keeping the price target at 2,200p as it said the …

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FTSE 100 becalmed as Carney begins Select Committee ‘borathon’

The FTSE 100 marked time at 7,544.37 as Bank of England Governor Mark Carney addressed the Treasury Select Committee. Early discussion has focused on European banks, which are sitting on around £4trln of goods and assets here in the UK, and how they will be dealt with in the run-up to and …

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Сryptocurrency Market Contracts after Hacker Attack

Yesterday, the cryptocurrency market put many investors, who are interested in buying bitcoin, in alert. The market participants are worried about the hacker attack on the Korean cryptocurrency exchange, as a result of which bitoin lost about 20%. Earlier, the cryptocurrency hit an all time high after Chicago Mercantile Exchange launched bitcoin futures trading. Today, the bitcoin is around $17,000. The South Korean crypto exchange Youbit reported a loss worth […]

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Daily Forex News and Analysis — December 20th 2017

US stocks were lower after the close on Tuesday. The Dow Jones fell by 0.15%, the S&P 500 by 0.32%, and the NASDAQ lost 0.44% from its value. The US dollar remained roughly unchanged against a basket of major currencies on Tuesday as investors awaited the outcome of the US Congress vote on the tax bill. Gold rose, closing at $1,264 an ounce. Crude Oil also rose on Tuesday, closing at $57.75 a barrel. The euro rose versus the dollar, […]

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One FTSE 100 growth and dividend stock I’d buy ahead of NMC Health plc

Earnings per share have risen by an average of 16% per year since 2011, catapulting the stock into the FTSE 100. Growth has focused on increasing scale, adding new services and expanding geographically. But today’s update suggests to me that the company now plans to accelerate this strategy, …

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