|Day's Range||7,373.22 - 7,429.72|
|52 Week Range||6,536.50 - 7,790.20|
The FTSE 100 erased earlier losses to edge 0.1% higher, while the mid-cap FTSE 250 lost 0.1%. Shares of heavyweight miners rose after a strike at a major mine in top copper producer Chile highlighted supply constraints, while oil firms advanced in anticipation of a bullish reading of U.S. crude stock data. Investors had been subdued for large periods of the session after President Donald Trump targeted Iranian Supreme Leader Ayatollah Ali Khamenei and other top Iranian officials with sanctions, which further strained the geopolitical dynamics in the Middle East.
The FTSE 100 eked out a 0.1% gain, outperforming the broader European index, which fell on poor German economic data, and as a profit warning from Mercedes-Benz owner Daimler triggered a sell-off in the region's carmakers. The mid-cap FTSE 250 shed 0.1%, driven in part by a weak sterling, with traders seemingly reluctant to bet on the currency until the Conservative Party leadership contest concludes. "I think global markets generally are in a bit of a holding pattern ahead of all-critical G20 meeting," Raymond James analyst Chris Bailey said.
A G20 summit, talks of military strikes in the Middles East and economic data will keep the markets on their toes in the week ahead.
The new worry is a potential escalation of the tensions between the United States and Iran. This could limit gains today by encouraging investors to lighten up their long positions.
The FTSE 100 index was up 0.2%, while the FTSE 250 midcap index added 0.1% by 0709 GMT. Oil majors Shell and BP rose slightly as tensions in the Middle East escalated after a media report said that U.S. President Donald Trump had approved military strikes on Friday against Iran. IQE Plc, which makes semiconductor wafers for chips, slumped 37.2% and was on course for its worst day on record after warning annual revenue would be lower-than-expected because of U.S. restrictions on China's Huawei, which is affecting orders.
The global markets surge after the FOMC hints at rate cuts, is this the start of the next rally or the beginning of the end for 2019’s market recovery.
The FTSE 100 edged 0.2% lower, with losses spread across most sectors, and the FTSE 250 midcap index was down 0.4%. The oil and gas sector was a bright spot, with heavyweights Shell and BP gaining on the back of a jump in crude prices after a report that U.S. President Donald Trump had approved military strikes against Iran then pulled them back. After a solid run during a week in which the U.S. Federal Reserve and the European Central Bank signalled more stimulus if the economy weakens, there seemed to be some profit taking in markets, CMC Markets analyst David Madden said.
The FTSE 100 index dipped 0.5%, its worst fall this month, while the FTSE 250 midcap index was down 0.3%. The indexes handed back some gains from Tuesday after a dovish policy speech by European Central Bank chief Mario Draghi. Anglo-Australian miner Rio Tinto fell 4.7% after it lowered its outlook for shipments from a hub in the Pilbara region in Australia due to a higher proportion of certain lower grade products.
The FTSE 100 index ended 1.2% higher, after having earlier touched levels not seen in two months, and the FTSE 250 midcap index added 0.8% after Draghi said the central bank would need to ease policy again if inflation did not head back to its target. The ECB's comments came in the midst of a two-day meeting of the U.S. Federal Reserve that money market pricing shows should clear the way to a cut in interest rates by the central bank next month. "Market participants are more confident about the Fed as its two-day meeting starts, particularly as the ECB is sounding more dovish," Markets.com analyst Neil Wilson said.
Global markets are mixed as geopolitical tensions mounts, Trump prepares to hike tariffs, and the FOMC meeting comes into sharp focus.
Both the FTSE 100 index and the FTSE 250 midcap index ended 0.2% higher. With the spotlight on Wednesday's U.S. Federal Reserve policy decision, the banking index broke a four-day losing streak with a 0.9% rise, led by Asia-exposed banks including HSBC and Prudential after Hong Kong's leader backed down over an extradition bill that has sparked mass protests. "It's hard to recall a time we headed into an FOMC meeting with so much at stake and with so much uncertainty about what might be agreed," Markets.com analyst Neil Wilson said.
Global markets are moving lower with chip stocks and tech in the lead. Weaker than expected data in China weighs on sentiment.
The FTSE 100 slipped by 0.3%, with exporter stocks also weighing on the index. The FTSE 250 fell by the same amount, tugged lower by Kier's 35.5% plunge. Banks with exposure to Asia, pressured this week amid protests in Hong Kong against a Chinese extradition bill, slipped after China's industrial output growth slowed to a more than 17-year low.
Global equities rebound, snapping a two-day losing streak as the June rally resumes its upward trajectory.
The FTSE 100 ended roughly flat, with notable gains in plumbing products distributor Ferguson and packaging firm DS Smith. Stocks on the domestically-focused mid-cap index as well blue-chip local financial shares skid after Johnson, the face of Britain's campaign to leave the European Union in the 2016 referendum, was backed by more than a third of voting lawmakers.
European stocks were expected to open lower again Thursday as U.K. lawmakers signaled the country is still open to leaving the European Union without a deal in place, a move which is bound to unnerve investors.
The FTSE 100, up for seven days straight after falling more than 3% in a global stock market sell-off in May, and the mid-cap FTSE 250 dipped 0.4% on Wednesday. Oil majors were the biggest drags on the main index as oil prices slid more than 2%. Financial stocks also weighed as President Donald Trump added to the trade nerves by saying he was not interested in a deal with Beijing unless it agreed to some "major points" in negotiations, while China declared it was "not afraid of fighting a trade war".