FTSE 100 still up as traders digest UK data; looking to US non-farms

Meanwhile, Blane Perrotton, of property consultancy Naismiths, noted that last night’s Brexit deal may have unblocked the negotiations for now, but as long as confidence and clarity are lacking, the construction industry will continue to make “halting progress at best”. FTSE 100 is up over 21 at 7,340 at …

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FTSE Rallies on FTSE Breakthrough

The sterling has fallen since the Brexit vote, and typically a weak pound helps to support the FTSE 100. The FTSE 250, which is a smaller and more domestically focused index, typically earns less of its revenues overseas, so it benefited more from the …

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Global Market Report – December 8 2017

FTSE 100 housebuilder Berkeley Group (BKG) defied talk of a cooling in the housing market by posting a 36% rise in pre-tax profits in the first half. Its shares rose 9% in morning trading to £42, a new record high. Other listed housebuilders were showing strong gains on Berkeley’s positive update to the …

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Britons' 1-Year Ahead Inflation Expectations Rise: BoE/TNS Survey

Britons’ one-year ahead inflation expectations rose slightly in November, according to a quarterly Inflation Attitudes Survey from the Bank of England and TNS.

The rate of inflation expected for the coming year rose to 2.9 percent from 2.8 percent in…

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SACEMS with Margin [PREMIUM]

Is leveraging with margin a good way to boost the performance of the “Simple Asset Class ETF Momentum Strategy” (SACEMS)? SACEMS each month picks winners from the following set of exchange-traded funds (ETF) based on total returns over a specified lookback interval: PowerShares DB Commodity Index Tracking (DBC) iShares MSCI Emerging Markets Index (EEM) More

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SACEMS with Margin [PREMIUM]

Is leveraging with margin a good way to boost the performance of the “Simple Asset Class ETF Momentum Strategy” (SACEMS)? SACEMS each month picks winners from the following set of exchange-traded funds (ETF) based on total returns over a specified lookback interval: PowerShares DB Commodity Index Tracking (DBC) iShares MSCI Emerging Markets Index (EEM) More

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German Exports Fall Unexpectedly; Imports Rebound

Germany’s exports declined unexpectedly in October, while imports rebounded at a faster-than-expected pace on domestic demand, data from Destatis showed Friday.

Exports decreased 0.4 percent month-on-month in October, the same as seen in September. …

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Iceland Q3 Economic Growth Eases

Iceland’s economic growth eased for the third straight quarter in the three months ended September, figures from Statistics Iceland showed Friday.

In real terms, gross domestic product advanced 3.1 percent year-over-year in the third quarter, slower …

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House builder Berkely Group top riser on FTSE 100 despite sales warning

Top riser on Footsie today was Berkeley Group Holdings PLC (LON:BKG), which buoyed other house builders, as the firm surged almost 9% to 4,216p. Imvestors focused on upgraded forecasts and numbers rather than a warning that the group expects forward sa…

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European banks rally, leading stocks to 1-month high

What strategists are saying: “The political mood has been lifted, but the FTSE 100 is underperforming its continental counterparts due to a firmer pound,” said David Madden, market analyst at CMC Markets UK, in a note. “The DAX has been given a boost after Martin Schulz of the Social Democrats …

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Turkey Retail Sales Rise In October

Turkey’s retail sales increased for the first time in four months in October, though slightly, figures from the Turkish Statistical Institute showed Friday.

Retail sales edged up 0.1 percent month-over-month in October, after remaining flat in the pr…

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UK Visible Trade Gap Widens In October

The UK visible trade deficit increased in October after narrowing a month ago, the Office for National Statistics said Friday.

The trade in goods showed a shortfall of GBP 10.78 billion compared to a GBP 10.45 billion deficit in September. The expect…

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FTSE 100 on the up; pound mixed but Brexit breakthrough cheers

The FTSE 100 gained over 15 points at 7,336, while FTSE 250, the most domestic company focused index, was up almost 70 points at 19,879. The pound initially surged on news of the breakthrough as he Irish border issue was agreed but is now showing signs…

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Banks and builders surge on Brexit breakthrough

Shares in banks and house builders have jumped to the top of the FTSE 100 after the UK reached agreement in the first phase of Brexit talks with the European Commission. Under the agreement, there will be no hard border between Northern Ireland and the…

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Pound Advances After U.K. Reaches Brexit Deal With EU

The pound spiked up against its major opponents in early European deals on Friday, after the U.K. reached a divorce deal with the European Union, setting stage to move on to future trade talks post-Brexit.

European Commission President Jean-Claude Ju…

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UK Industrial Production Remains Flat In October

UK industrial production remained unchanged in October, data from the Office for National Statistics showed Friday.

Industrial production remained flat, as expected, after expanding 0.7 percent in September.

At the same time, manufacturing output …

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Hungary's Trade Surplus Shrinks In October

Hungary’s foreign trade surplus decreased notably in October from a year ago, as imports grew faster than exports, preliminary figures from the Hungarian Central Statistical Office showed Friday.

The trade surplus fell to EUR 522 million in October f…

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FTSE 100 on the up; pound mixed as Brexit breakthrough cheers

UK shares romped ahead as market fears were pacified as a Brexit deal was struck meaning that trade negotiations can begin. The FTSE 100 gained over 15 points at 7,336, while FTSE 250, the most domestic company focused index, was up almost 70 points at…

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A break above this FTSE 100 level opens door to new high

Sometimes, the utter boredom inflicted by the market leads one down a strange path. Thursday was a case in point, the morning session used productively by figuring out the lead guitar bit of Girls Aloud tune, “Love Machine”. Only once note perfect did the “why” question rear its head? After all, in this …

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HSF loses top spot as firm with the most FTSE 100 clients

Herbert Smith Freehills has lost its first place ranking on The Lawyer’s list of advisers with the most FTSE 100 clients. CMS and Slaughter and May have emerged in joint first place to replace HSF, with 20 relationships apiece. HSF meanwhile has dropped six places, on a par with Allen & Overy and …

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