FTSE 100 tacks on as trade-war fears relieve
On Monday, British equities headed north because stock markets worldwide managed to stabilize after the previous week’s dive that was powered by worries as for a potential global trade conflict.
The FTSE 100 index UKX inched up 0.4% being worth 6,946.90, heading north after concluding the previous week at its lowest value since December 2016. The London benchmark faced a weekly dive of 3.4%, which is its biggest descend since February 9. This year it has lost 9.6%.
On Friday, the currency pair GBP/ demonstrated an outcome of $1.4188, soaring from $1.4133 l in New York.
Worries over a probable trade conflict have put pressure on markets around the globe in March, underpinned by news that Donald Trump is pushing for duties on China’s products totaling about $60 billion.
Nevertheless, according to recent reports that Beijing and Washington are negotiating behind the scenes to avert a trade conflict.
Meanwhile, American stock futures ESM8 managed to surge, dropping a hint at g a better start in New York, right after American Treasury Secretary Mnuchin told that he hopes that China and America will finally come to an agreement to dodge those duties.
Additionally, London-listed equities in Ireland-based Smurfit Kappa Group PLC SKG inched down 3.5% right after the packaging-and-paper company had an updated bid from International Paper Co. IP dismissed, which offered shareholders up to 37.54 euros per share.
Engineering company GKN PLC’s stock GKN reported a 0.3% revenue after Amerian car parts company Dana Inc. DAN had informed on Monday that it stepped up its offer for GKN’s Driveline undertaking by approximately $140 million.
GKN has been refusing rather a controversial offer from turnaround expert Melrose Industries PLC MRO, which appears to be an element of the mid-cap FTSE 250. By the way, on Monday Melrose equities rallied 0.2%.
Similar
The US-China trade war escalates
More tariffs were introduced
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review ...
Futures head south after China data points to decelerating retail sales
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Latest news
Bitcoin dives 14%, slumping below $5,000
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.
Deposit with your local payment systems
