Britain’s FTSE dips as financials fall

Britain’s blue chip FTSE 100 index was down 0.2 percent at 7,311.30 points by 0938 GMT, outperforming a broadly negative continental European market, … A pause in the pound’s rise also helped the FTSE 100’s dollar-earning constituents, which have been hit this week after optimism over Brexit talks …

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FTSE dips as financials fall

Britain’s blue chip FTSE 100 index was down 0.2 percent at 7,311.30 points by 0938 GMT, outperforming a broadly negative continental European market, while mid caps were 0.4 percent lower. A pause in the pound’s rise also helped the FTSE 100’s dollar-earning constituents, which have been hit this …

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The FTSE 350 next week

With recent economic data from the construction sector across the pond looking positive, there’s reason to hope for good numbers at the half year. Berkeley Group has enjoyed a strong recovery after the Brexit vote, but concerns over the London market linger. On the cusp of a promotion to the FTSE 100, …

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Levels to watch: FTSE 100, DAX and S&P 500

The FTSE 100‘s mid-November recovery seems a long time ago now, with a fresh leg lower taking the index to levels not seen for over two months. Potential areas for buyers come in at 7294, and then 7260, but it will take a move back above to put a bullish outlook on the index, since intraday rallies …

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FTSE 100: Pinch, punch, and first bounce of the month?

After all these years, we’ve yet to decide if “after hours” futures movements give any indication whatsoever to expect on the FTSE (UKX) the next day. Our rule of thumb relates to the Japan and Australian markets. If they’ve moved by more than 1.5% in any direction, the FTSE will doubtless follow suit.

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Pound Slightly Up After U.K. Manufacturing PMI

At 4:30 am ET Friday, IHS Markit has published UK PMI data. The pound rose slightly against its major opponents after the data.

The pound was trading at 1.3510 against the greenback, 151.82 against the yen, 1.3270 against the franc and 0.8825 against…

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Eurozone Factory Growth Near Record High

Eurozone manufacturing activity expanded notably in November underpinned by production and new orders, survey data from IHS Markit showed Friday.

The final factory Purchasing Managers’ Index rose to 60.1 in November, its best reading apart from Apr…

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Pound Falls Ahead Of U.K. Manufacturing PMI

At 4:30 am ET Friday, IHS Markit publishes UK PMI data. Economists forecast the index to rise to 56.5 in November from 56.3 in October.

Ahead of the data, the pound dropped against its major opponents.

The pound was worth 1.3487 against the greenbac…

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FTSE falls for second straight day

The FTSE 100 was down 0.9% to 7326.67, as the pound jumped 0.7% versus the US dollar to 1.349, and was up 0.3% to 1.134 against the euro. One of the biggest fallers was Daily Mail & General Trust group, which plunged 167.5p to 534.5p as the group revealed a full-year loss of £112m. On the FTSE …

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LONDON MARKETS: FTSE 100 Lower As Bank Stocks Come Under Pressure

Sterling strength can weigh on the FTSE 100, as around 75% of revenue for the index’s components is generated outside of the U.K.. The pound leapt Thursday after The Times newspaper said the U.K. was close to reaching an agreement over Northern Ireland with European Union officials aimed at …

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Pound holds above $1.35 while FTSE falls

Babcock International was the biggest faller in the FTSE 100, down 3.4%, after Morgan Stanley cut its price target for the defence and engineering contractor’s shares. In the FTSE 250, shares in Indivior jumped nearly 10% after it said its drug to tackle opioid addiction had been approved by the US Food …

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Euro Little Changed After Eurozone PMI Data

Following the release of Eurozone final PMI data at 4:00 am ET Friday, the euro changed little against its major rivals.

The euro was trading at 1.1928 against the greenback, 134.08 against the yen, 1.1720 against the franc and 0.8826 against the pou…

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Global stocks rally loses momentum

On equities markets, the continent-wide Euro Stoxx 600 is flat, with Frankfurt’s Xetra Dax 30 up 0.1 per cent as is London’s FTSE 100. Over November, the Euro Stoxx fell 1.8 per cent, trimming its gain for 2017 to just over 7 per cent. Oil stocks are in demand as the Brent crude price stays above $63 — up …

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Santa Claus is coming to town

Good morning. November has proved to be a painful month for equity investors. Battered as the pound has risen on hopes of a Brexit “deal” the FTSE 100 ended the month down 2.1 per cent yesterday. Will December prove any more profitable? It is historically the best month of the year for the markets, …

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Italy's Manufacturing Sector Growth Accelerates In November

Italy’s manufacturing sector expanded strongly in November as growth in output, new orders and exports all hit multi-year highs, survey data from IHS Markit showed Friday.

The headline Purchasing Managers’ Index rose to 58.3 in November from 57.8 in …

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Euro Advances Ahead Of PMI Reports

At 3:45 am ET Friday, Italy PMI is due. Thereafter, final PMI figures are due from France and Germany, at 3.50 am ET and 3.55 am ET, respectively. At 4.00 am ET, Eurozone final PMI data is due.

Ahead of these reports, the euro climbed against its ma…

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Hungary Sep Trade Surplus Falls Less Than Estimated

Hungary’s foreign trade surplus decreased less than initially estimated in September, latest figures from the Hungarian Central Statistical Office showed Thursday.

The trade surplus for September was revised up slightly to EUR 937 million from EUR 92…

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FTSE 100 reclaims some lost ground; all eyes on manufacturing data

The FTSE 100 started the new day in better fettle than it ended at the close of trading yesterday, advancing 18 points 7,344.90. Friday is all about economic data as we are set to receive health checks on the state of manufacturing not just here in the…

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