Equities in London advanced for a second consecutive session on Wednesday, with the benchmark FTSE 100 hitting a fresh record peak but paring some gains to close around 7,880, with a rally in the technology and energy sector partly offset by losses in materials. Investors welcomed Federal Reserve Chair Jerome Powell's comments that the disinflationary process has begun, particularly in the goods sector, even as he acknowledged that rates might need to move higher than expected if the jobs market shows no signs of cooling. BT Group rallied more than 3% to lead the FTSE 100, while oil giant BP was also among the top gainers.

FTSE 100 Extends Gains, Just Shy of Records

Equities in London advanced for a second consecutive session on Wednesday, with the benchmark FTSE 100 hitting a fresh record high above the 7,900 mark, helped by heavyweight materials and energy stocks. Investors welcomed Federal Reserve Chair Jerome Powell's comments that the disinflationary process has begun, particularly in the goods sector, even as he acknowledged that rates might need to move higher than expected if the jobs market shows no signs of cooling. Oil giant BP and big miner Glencore were among the top gainers, up almost 2% each.

FTSE 100 Hovers Near Record High

UK stocks were set to open higher on Wednesday, taking cues from a positive lead on Wall Street as Federal Reserve Chair Jerome Powell sounded less hawkish than markets anticipated. He said that more rate hikes will likely be needed if the jobs market remains strong, but maintained that disinflation has begun. It will be a quiet day on the data front in the region, though a slew of UK companies are set to release earnings such as Barratt Developments, Ashmore Group and PZ Cussons. FTSE 100 futures rose 0.6% in pre-market trade.

UK Stocks Set to Open Higher

Equities in London enjoyed some respite on Tuesday, with the benchmark FTSE 100 bouncing back to end above 7,850 points, driven by gains in the heavyweight energy sector. Oil giant BP surged almost 8% to lead the FTSE 100 after the company reported record annual profits amid higher oil prices last year in the aftermath of the Russian invasion of Ukraine. The surplus of cash prompt the company to raise the dividend and expand the buyback program. On the policy side, Bank of England Chief Economist Huw Pill noted that policymakers were ready to do more to get inflation back to target after suggesting last week that the central bank was nearing the end of its interest-rate hike cycle. On the data front, the Halifax house price index increased by 1.9% from a year earlier in January of 2023, the least since October 2019.

FTSE 100 Regains Some Traction

UK stocks were set to open higher on Tuesday as risk sentiment improved, while investors look ahead to Federal Reserve Chair Jerome Powell’s speech for clarity about the path for US interest rate hikes. Investors also digested data showing British house prices rose the least in over three years in January, while awaiting remarks from Bank of England officials. In corporate news, British oil giant BP reported record annual profits in 2022 due to the historic rally in oil prices following Russia’s invasion of Ukraine. FTSE 100 futures rose 0.2% in pre-market trade.

Equities in London snapped two consecutive days of gains on Monday, with the blue-chip FTSE 100 pulling back from a record closing peak to end below 7,840 points, dragged by real estate and consumer discretionary stocks. Risk appetite remained subdued amid escalating tensions between the US and China over a suspected spy balloon. Adding to the gloomy mood, an unexpectedly strong US jobs report last week raised the prospect of more rate hikes from the Federal Reserve. Asian-focused Prudential and online grocery retailer Ocado were among the biggest laggards, down 4.8% and 3.6%, respectively.

FTSE 100 Snaps Two-Day Rally

Equities in London came under pressure on Monday, with the benchmark FTSE 100 pulling back from its record closing high to trade around 7,860 points, dragged by the healthcare and real estate sector. Investors were rattled by escalating tensions between the US and China over a suspected spy balloon. At the same time, an unexpectedly strong US jobs report last week raised the prospect of more rate hikes from the Federal Reserve. Hargreaves Lansdown and Prudential were among the biggest laggards, down roughly 3.5% and 2.4%, respectively.

FTSE 100 Pulls Back from Records

UK stocks were set to open lower on Monday, tracking losses in global markets as stronger-than-expected US jobs data suggested the Federal Reserve has more room to hike interest rates. Investors also continued to assess the outlook for inflation, growth and monetary policy worldwide, while looking ahead to British new car sales and construction PMI data. FTSE 100 futures fell 0.5% in pre-market trade.

UK Stocks Set to Open Lower

Equities in London rallied more than 1% on Friday, with the benchmark FTSE 100 clinching a new closing record at 7,900, driven by gains in the energy and healthcare sector. Heavyweight Shell jumped more than 3% to lead the index. The benchmark advanced almost 2% this week after the Bank of England sounded dovish, saying that inflation had probably peaked and forecasting a shallower recession in 2023 after raising interest rates by a widely expected 50 bps. The reopening of China has also attracted investors amid prospects that it will lead to a massive demand for commodities.

FTSE 100 Closes at Record High

Equities in London were trading flat with some negative bias on Friday, with the benchmark FTSE 100 hovering around 7,800, as losses among technology and real estate offset gains in the energy sector. Dismal earnings results from Wall Street's tech colossus sparked a wave of selling across global markets while curbing some optimism over major central banks nearing the end of their interest-rate hike cycle. Persimmon and Kingfisher were among the biggest laggards on the index, down roughly 2% each. Still, the export-oriented index rallied almost 1% this week after the Bank of England sounded somewhat dovish, saying that inflation had probably peaked and forecasting a shallower recession in 2023 after raising interest rates by a widely expected 50 bps.

FTSE 100 Struggles to Make Headway, Still Set for Weekly Gains

UK stocks were set to open slightly lower on Friday as disappointing earnings reports from major technology companies in the US weighed on market sentiment, prompting investors to  reassess the sustainability of the recent market rally. Meanwhile, British stocks rallied on Thursday after the Bank of England delivered a widely expected 50 basis point rate hike, while hinting that it may be close to finishing its tightening cycle. Investors now look ahead to British private sector and services activity data, as well as a key monthly jobs report in the US. FTSE 100 futures fell 0.1% in early trade.

UK Stocks Set to Open Slightly Lower

In London the FTSE 100 Index went up by 59 points or 0.76 percent on Thursday. The rise was driven by Carnival (12.65%), JD Sports Fashion (11.27%) and Segro (8.26%). Biggest losses came from Centrica (-2.85%), BP (-2.82%) and Standard Chartered (-2.59%).

The FTSE 100 Index increased 0.76%

Equities in London looked set to snap two sessions of losses on Thursday, with the blue-chip FTSE 100 hovering around 7,000 points, driven by gains in real estate and consumer discretionary stocks. The Bank of England raised interest rates by a widely expected 50 bps to 4%, but like its US counterpart, sounded more dovish, saying inflation had probably peaked. On the corporate side, JD Sports Fashion jumped almost 9% to lead the FTSE 100 clothes after the retailer outlined its strategic focus for the next five years, including plans for 250 to 350 new stores every year. In other corporate news, Shell posted a record annual profit for 2022 due to soaring oil prices and robust demand since Russia invaded Ukraine.

UK Shares Hold Gains After BoE Decision

Equities in London looked set to snap two sessions of losses on Thursday, with the blue-chip FTSE 100 hovering around 7,780 points, driven by gains in real estate and consumer discretionary stocks. The Federal Reserve slowed the pace at which it raises interest rates further by delivering a smaller 25 bps hike at the end of its two-day policy meeting on Wednesday. This move and somewhat dovish remarks from Fed Chair Powell reinforced expectations that the tightening cycle might end soon while allowing risk appetite to return. Investors are now bracing for upcoming policy decisions from the European Central Bank and the Bank of England, with both institutions likely to raise interest rates by 50 bps. In corporate news, Shell posted a record annual profit for 2022 due to soaring oil prices and robust demand since Russia invaded Ukraine. Big miner Anglo American said its fourth-quarter production rose 10%.

UK stocks were set to open higher on Thursday, tracking gains in global markets as the US Federal Reserve reduced the size of its rate hike and said it has made progress in the fight against inflation. Investors are also bracing for upcoming policy decisions from the European Central Bank and the Bank of England, where both institutions are expected to raise interest rates further. In corporate news, Shell posted a record annual profit for 2022 due to soaring oil prices and robust demand since Russia invaded Ukraine. FTSE 100 futures rose 0.5% in pre-market trade.

Equities in London dropped for a second consecutive session on Wednesday, with the blue-chip FTSE 100 closing around the 7,760 mark, as losses among healthcare and materials offset gains in real estate. All eyes are on the US Federal Reserve's interest rate decision to be announced later today, with markets expecting the world's most influential central bank to deliver a 25 bps hike. Domestically, the Bank of England will likely increase interest rates by 50 bps to 4.0% on Thursday to tackle double-digit inflation. AstraZeneca and giant miner Anglo American were among the biggest laggards on the index, down 2.9% and 2.3%, respectively. Vodafone also tumbled over 2% after reporting a slowdown in its group service revenue growth.

FTSE 100 Remains Under Pressure

Equities in London enjoyed some respite on Wednesday, with the benchmark FTSE 100 bouncing back to around 7,800 points, driven by gains in the energy and real estate sectors. All eyes are on the US Federal Reserve's interest rate decision to be announced later today, with markets expecting the world's most influential central bank to deliver a 25 bps hike. Domestically, the Bank of England will likely increase interest rates by 50 bps to 4.0% on Thursday to tackle double-digit inflation. On the earnings front, Entain added more than 1% to be among the top gainers on the index after raising its annual profit forecast amid upbeat online gaming revenue. On the other hand, Vodafone tumbled over 2% after reporting a slowdown in its group service revenue growth.

UK stocks were set to open higher on Wednesday, tracking global peers higher as signs of cooling inflation in the US bolstered expectations of less aggressive Federal Reserve policy tightening. The US central bank is widely expected to deliver a smaller quarter-point rate hike on Wednesday, while investors will be looking for guidance on the path of future interest rate rises. Investors also look ahead to British manufacturing PMI data for January, as well as earnings reports from major firms such as GSK, Vodafone and Novartis. FTSE 100 futures rose 0.2% in pre-market trade.

London equities snapped three days of gains on Tuesday, with benchmark FTSE 100 pulling back to around 7,770 points, dragged by the utilities and technology sectors. Britain's gloomy economic outlook continued to keep risk appetite subdued, with the IMF cutting its 2023 UK GDP forecast by 0.9 percentage points and now predicting a contraction of 0.6 percent. At the same time, grocery price inflation in the country hit a record 16.7% in the four weeks to 22 January 2023, according to Kantar, the highest level since it started tracking the figure in 2008. On the monetary front, the Bank of England will likely hike interest rates by 50 bps to 4.0% on Thursday to tackle double-digit inflation. Ocado and Rolls-Royce Holdings were among the biggest laggards on the index, down roughly 4.8% and 3.3%, respectively. In January, the export-oriented index jumped more than 4%.

FTSE 100 Snaps Three-Day Rally

The FTSE 100 fell more than 0.5% on Tuesday, pausing a three-day gain, dragged down by miners, energy stocks and banks, while investors await central banks meetings in US, UK, and Euro Area. The Bank of England is expected to hike interest rates by 50 bps to 4.0% to tackle double-digit inflation. The latest figures showed grocery price inflation in the country hit a record 16.7% in the 4 weeks to 22 January 2023 according to Kantar, the highest level since it started tracking the figure in 2008. Rising interest rates weighed on risk sentiment as investors worry about a consequent recession. The IMF cut its 2023 UK GDP forecast by 0.9 percentage points and now predicts a contraction of 0.6%, according to the latest World Economic Outlook.

UK Stocks Halt 3-Day Gain

UK stocks were set to open lower on Tuesday as caution dominated sentiment ahead of key policy decisions from major central banks this week, headlined by an expected interest rate hike from the US Federal Reserve on Wednesday. The Bank of England and the European Central Bank are also set to tighten policy further this week amid an ongoing fight against inflation globally. Moreover, investors look ahead to a slew of British economic data and earnings reports on Tuesday for potential catalysts. FTSE 100 futures fell 0.3% in pre-market trade.

Equities in London managed to rebound from a dismal start to end Monday's session higher, with the blue-chip FTSE 100 closing around the 7,780 level, as gains in consumer staples and industrials offset losses in the financials sector. Still, investors refrained from opening significant positions ahead of critical central bank decisions later this week while Britain's gloomy economic outlook continued to keep risk appetite subdued. The Federal Reserve, the European Central Bank, and the Bank of England will hold policy meetings later this week. The latter will likely deliver a second consecutive 50 bps on Thursday, bringing borrowing costs to around 4%. Regarding individual share price movement, J Sainsbury and Auto Trader Group were among the top gainers, up 4.1% and 2.8%, respectively.

UK Stocks Enjoy Some Respite

Equities in London came under pressure on Monday, with the blue-chip FTSE 100 pulling back further from record levels to trade around 7,700 points, dragged by the consumer discretionary and financials sectors. Investors refrained from opening new positions ahead of critical central bank decisions this week, while Britain's gloomy economic outlook continued to keep risk appetite subdued. The Federal Reserve, the European Central Bank, and the Bank of England will hold policy meetings this week. On the corporate side, Legal & General dropped more than 2% after Chief Executive Nigel Wilson announced his retirement after a decade in the top job.

FTSE 100 Struggles for Traction

UK stocks were set to open lower on Monday, tracking a decline on global markets as investors brace for key interest rate decisions from major central banks this week. The Federal Reserve is expected to raise interest rates by 25 basis points on Wednesday, while the Bank of England and the European Central Bank are also set to tighten policy further amid an ongoing fight against inflation globally. It will be a quiet day in the UK on the data front, though a number of companies are slated to report earnings today. FTSE100 futures fell 0.6% in pre-market trade.

Equities in London were barely flat on Friday, with the benchmark FTSE 100 closing around 7,770 points, as gains among real estate and energy offset losses in the heavyweight materials sector. It was a quiet day on the economic front in the UK, with investors focused on fresh US inflation data that showed that the Fed's preferred inflation measure, the US core personal consumption expenditures price index, slowed to an over one-year low of 4.4%. Regarding individual share price movement, J Sainsbury rallied more than 5% after convenience store retailer Bestway Group said it had purchased or agreed to buy a 3.45% stake in the supermarket giant. On the flip side, Rolls-Royce Holdings and Antofagasta were among the biggest losers, down roughly 3% and 2%. The FTSE 100 stuck in a tight range this week, ending virtually unchanged.

FTSE 100 Ends Week Flat

Equities in London were trading around the flatline on Friday, with the benchmark FTSE 100 hovering around 7,750 points, as gains among energy and real estate offset losses in the heavyweight materials sector. It will be a quiet day on the data front in the UK, with investors likely to remain focused on yesterday's US Q4 GDP numbers that showed the economy expanded by 2.9%, easing some concerns that the world's largest economy is on the brink of a recession. Regarding individual share price movement, J Sainsbury rallied more than 5% after convenience store retailer Bestway Group said it had purchased or agreed to buy a 3.45% stake in the supermarket giant. On the flip side, Rolls-Royce Holdings and Antofagasta were among the biggest losers, down roughly 3% and 2%.

UK stocks were set to open slightly higher on Friday, tracking gains among global peers as better-than-expected fourth quarter US GDP numbers raised hopes of a soft landing in the world’s largest economy. Investors also look ahead to US PCE data amid expectations that the Federal Reserve will downshift to a smaller 25 basis point rate hike next week. It will be a quiet day on the data front in the UK, though a number of British companies are set to report earnings on Friday. FTSE 100 futures rose 0.1% in pre-market trade.

UK Stocks Set to Open Slightly Higher

Equities in London regained some traction on Thursday, with the blue-chip FTSE 100 closing above the 7,750 mark, driven by the financials and industrials sectors. On the data front, the CBI distributive trades survey's retail sales balance in the UK plunged 34 points from a month earlier to -23 in January, as the retail sector continued to face the twin headwinds of rising costs and squeezed household incomes. Regarding individual share price movement, 3i Group jumped more than 9% to lead the FTSE 100 after the private equity company offered strong guidance for this financial year despite harsh economic conditions.

FTSE 100 Closes Above 7,750

Equities in London regained some traction on Thursday, with the blue-chip FTSE 100 bouncing back above the 7,750 mark, driven by the real estate and industrials sector. Still, the index has been struggling for traction after a recent rally that pushed the benchmark to near-record levels as investors grew worried about Britain's gloomy economic outlook and downward pressure on earnings. Regarding individual share price movement, 3i Group and Beazley were among the top gainers, up 3.3% and 2.3%, respectively.

UK stocks were set to open higher on Thursday, likely recouping some losses from recent sessions as global risk sentiment improved, with easing inflationary pressures raising hopes of a slower pace of central bank policy tightening. Meanwhile, investors cautiously awaited US GDP data due for release later on Thursday amid growing recession fears in the world’s largest economy. Data released on Tuesday also showed that British private sector activity contracted further in January as widespread strike action, staff shortages, export losses, the cost of living crisis and sharp increases in interest rates all combined to squeeze economic activity. FTSE 100 futures rose 0.4% in pre-market trade.

Equities in London remained under pressure on Wednesday, with the blue-chip FTSE 100 closing below the 7,750 mark, dragged by industrials and economically sensitive sectors like consumer discretionary. The index has been struggling for traction after a recent rally that drove the benchmark to near-record levels as investors grew worried about Britain's gloomy economic outlook. Regarding individual share price movement, online retailer Ocado dropped almost 5% to be among the top losers. On the flip side, Aviva rallied roughly 3%  after the insurer maintained its dividend guidance and capital returns outlook.

Equities in London were trading around the flatline on Wednesday, with the blue-chip FTSE 100 hovering around the 7,770 mark, as gains among industrials and utilities offset losses in the tech sector. The index has been struggling for traction after a recent rally that drove the benchmark to near-record levels as investors grew worried about Britain's gloomy economic outlook. On the corporate side, International Consolidated Airlines Group added more than 2% to lead the FTSE 100 on prospects of a surge in travel demand. Aviva was also among the top performers after the insurer maintained its dividend guidance and capital returns outlook. On the flip side, Entain dropped roughly 1.5%.

UK stocks were set to open little changed on Wednesday as investors digested data showing producer prices in the country slowed to a nine-month low in December, supporting bets that inflation had already peaked last year. Data released on Tuesday also showed that British private sector activity contracted further in January as widespread strike action, staff shortages, export losses, the cost of living crisis and sharp increases in interest rates all combined to squeeze economic activity. FTSE 100 futures drifted flat to slightly positive in pre-market trade.

UK Stocks Set to Open Flat

Equities in London snapped two consecutive days of gains on Tuesday, with the blue-chip FTSE 100 finishing around the 7,760 mark, dragged by the healthcare and energy sectors. The latest flash PMI survey pointed to the sharpest drop in business activity for two years, primarily reflecting a weaker service sector performance. Also, another report showed the UK government deficit hit a record high in December due to rising debt-interest payments and spending on energy support schemes. Regarding individual share price movement, AstraZeneca dropped more than 2% to be among the top losers.

The FTSE 100 fell almost 0.5% on Tuesday, halting a two-day gain after weaker than expected PMI numbers in January revived recession fears. The latest flash PMI survey pointed to the sharpest drop in business activity for two years, mostly reflecting a weaker service sector performance. Also, another report showed the UK government deficit hit a record high for the month of December, due to rising debt-interest payments and spending on energy support schemes. Across sectors, oil majors BP and Shell retreated by about 1% as crude prices steadied for the second day in a row, and drugmaker AstraZeneca and GSK fell by 2.1% and 0.8%, respectively.

UK Stocks Under Pressure after Weak Data

The FTSE 100 fell almost 0.5% on Tuesday, after two consecutive sessions of gains, dragged by losses in pharmaceuticals and oil and gas stocks. Drugmaker AstraZeneca and GSK fell by 2.2% and 0.8%, respectively. Also, oil majors BP and Shell retreated as crude prices steadied for the second day in a row. On the data front, the UK government deficit hit a record high for the month of December, due to rising debt-interest payments and spending on energy support schemes. Meanwhile, the flash PMI survey should point to the sixth consecutive month of contraction in factory activity. Also, fresh data will be released for CBI gauges for factory orders, and business optimism.

UK Stocks Halt 2-Day Rally

UK stocks were set to open higher on Tuesday, tracking gains in global markets as expectations for less aggressive interest rate hikes from the Federal Reserve lifted risk sentiment. Investors also digested data showing the British government posted the largest budget gap for the month of December due largely to spending on energy support schemes and an increase in debt interest. Markets now look ahead to UK private sector activity data for January. FTSE 100 futures rose 0.1% in pre-market trade.

Equities in London advanced for a second consecutive session on Monday, with the blue-chip FTSE 100 closing around 7,780 points, driven by the heavyweight materials sector. Dismal US economic data last week supported the case for a slower pace of interest rate hikes, with Fed Governor Christopher Waller among those in favor of a 25 basis point increase at the next meeting. On the corporate side, online grocery retailer Ocado rallied almost 4% to lead the FTSE 100.

FTSE 100 Rises for Second Session

Equities in London advanced for a second consecutive session on Monday, with the blue-chip FTSE 100 closing hovering around the 7,800 level, driven by the heavyweight materials sector. Dismal US economic data last week supported the case for a slower pace of interest rate hikes, with Fed Governor Christopher Waller among those in favor of a 25 basis point increase at the next meeting. On the corporate side, online grocery retailer Ocado rallied almost 3% to lead the FTSE 100.

UK stocks were set to open lower on Monday as investors continued to assess the outlook for the economy and monetary policy. Meanwhile, a rebound on Wall Street Friday and expectations of less aggressive monetary tightening from the Federal Reserve buoyed global sentiment. Weakening US economic data supported the case for a slower pace of interest rate hikes, with Fed Governor Christopher Waller favoring a smaller 25 basis point increase at the next meeting. It will be a quiet day ahead in the UK on the data and earnings front, though investors are looking forward to European Central Bank President Christine Lagarde’s speech that could guide the rates outlook in the region. FTSE 100 futures fell 0.3% in early trade.

Equities in London snapped three sessions of losses on Friday, with the benchmark FTSE 100 bouncing back to close around 7,770 points, driven by gains in technology and materials. 3i Group rallied almost 3% to lead the benchmark, while big miner Glencore was among the top performers, up over 2%. On the data front, consumer sentiment fell in January for the first time in three months, returning near to historic lows. At the same time, British consumers unexpectedly cut their spending in December, adding to concerns that tighter financial conditions will drag the economy into a recession this year. Optimism about China's reopening that has been boosting animal spirits faded this week with mounting concerns over the direction of the global economy and persistent inflation taking the driver's seat. The FTSE 100 lost more than 1% this week.

FTSE 100 Snaps Three-Day Slide, Still Posts Weekly Decline

Equities in London looked set to snap three sessions of losses on Friday, with the benchmark FTSE 100 bouncing back towards the 7,800 mark, driven by gains in energy and materials. SSE rallied almost 3% to lead the benchmark, while big miners Rio Tinto, Prudential, and Glencore were almost among the top performers, up over 1% each. On the data front, consumer sentiment fell in January for the first time in three months, returning near to historic lows. At the same time, British consumers unexpectedly cut their spending in December, adding to concerns that tighter financial conditions will drag the economy into a recession this year. Optimism about China's reopening that has been boosting animal spirits faded this week with mounting concerns over the direction of the global economy and persistent inflation taking the driver's seat. The FTSE 100 lost almost 1% this week.

FTSE 100 Regains Some Traction, Still Poised for Weekly Decline

UK stocks were set to open higher on Friday, recouping some losses from the previous session even after data showed that retail sales in the country unexpectedly declined in December, reflecting weakening economic activity amid surging prices. Disappointing US economic data and hawkish remarks from Federal Reserve officials this week also stoked fears of a looming recession, though easing inflation and expectations of a slower pace of central bank policy tightening kept markets supported. Moreover, Friday marks the conclusion of the World Economic Forum in Davos, Switzerland, where policymakers and business leaders have been discussing key issues that have global implications. FTSE 100 futures were up about 0.6% in pre-market trade.

Shares in London declined for a third consecutive session on Thursday, with the blue-chip FTSE 100 finishing below the 7,800 mark and moving further away from record levels, dragged by heavyweight energy and materials stocks. Weak US economic data and hawkish remarks from several Fed policymakers fanned concerns about a recession. On the domestic front, house prices weakened further in December as higher borrowing costs and economic uncertainties dampened buyer demand and sales activity. Ocado and Persimmon were among the biggest laggards on the index, down 6.5% and 4.7%, respectively.

FTSE 100 Down 1%, Ends Below 7,800

Shares in London dropped for a third consecutive session on Thursday, with the blue-chip FTSE 100 moving below the 7,800 mark, dragged by heavyweight materials and energy stocks. Weak US economic data and hawkish remarks from several Fed policymakers fanned concerns about a recession. On the domestic front, house prices weakened further in December as higher borrowing costs and economic uncertainties dampened buyer demand and sales activity. Miners Fresnillo and Glencore were among the biggest laggards on the index, down 4% and 2%, respectively. Oil companies were also under pressure, with BP and Shell down almost 2%.

FTSE 100 Falls for Third Day

UK stocks were set to open lower on Thursday, tracking losses in global markets as disappointing US data fanned recession fears, while Federal Reserve officials reiterated their commitment to keep raising interest rates. Investors also continued to assess the global economic outlook, a topic high on the agenda at the ongoing World Economic Forum in Davos this week. Meanwhile, investors digested data showing British house prices  weakened further in December as higher borrowing costs and economic uncertainties dampened buyer demand and sales activity. FTSE 100 futures were down about 0.5% in pre-market trade.

Equities in London remained under pressure on Wednesday, with the blue-chip FTSE 100 finishing around 7,830 points, as losses among consumer staples and healthcare offset gains in the heavyweight materials sector. On the data front, the annual inflation rate in the UK slowed for the second straight month to 10.5% in December, possibly reflecting a downward trend in global inflation and reducing pressure on the Bank of England to keep raising interest rates aggressively. Meanwhile, investors continued to assess the economic outlook as recession fears dominated headlines at the ongoing World Economic Forum in Davos, Switzerland. HALEON was among the biggest laggards on the index, down almost 3%, while big miner Glencore rose more than 4% to be among the top gainers.

Equities in London were trading around the flatline on Wednesday, with the blue-chip FTSE 100 hovering near record levels at around 7,850 points, as gains among materials and technology offset losses in energy. Data showed that the annual inflation rate in the UK slowed for the second straight month to 10.5% in December, possibly reflecting a downward trend in global inflation and reducing pressure on the Bank of England to keep raising interest rates aggressively. Meanwhile, investors continued to assess the economic outlook as recession fears dominated headlines at the ongoing World Economic Forum in Davos, Switzerland. Smiths Group jumped more than 2% to lead the FTSE 100 after forecasting higher 2023 organic revenue, buoyed by solid energy and industrial services demand.

UK stocks were set to open little changed on Wednesday even after data showed that the annual inflation rate in the country slowed for the second straight month to 10.5% in December, possibly reflecting a downward trend in global inflation and reducing pressure on the Bank of England to keep raising interest rates aggressively. Meanwhile, investors continued to assess the economic outlook as recession fears dominated headlines at the ongoing World Economic Forum in Davos, Switzerland. FTSE 100 futures drifted flat to slightly negative in pre-market trade.

UK Stocks Set to Open Little Changed

Equities in London snapped four days of gains on Tuesday, with the blue-chip FTSE 100 pulling back from an almost record closing peak to end around 7,850 points, dragged by consumer discretionary and financials stocks. Optimism about China's reopening that has been boosting animal spirits faded with mounting concerns over the direction of the global economy, persistent inflation, and slow growth. On the data front, UK wages rose the most on record when excluding the height of the pandemic, but actual earnings continued to drop due to high inflation. In terms of individual share price movement, Ocado Group plunged more than 9% after its online joint venture Ocado Retail warned about sluggish consumer spending in the run-up to Christmas in response to the cost-of-living crisis.

FTSE 100 Rally Run Out of Steam

The FTSE 100 was little changed on Tuesday, hovering near record levels at around 7,850 points, as investors assess the latest jobs report. Data showed UK wages rose the most on record when excluding the height of the pandemic, but real earnings continued to drop due to high inflation. Meanwhile, investors also focus on the World Economic Forum in Switzerland where recession fears dominated the headlines.

UK Stocks Stay Close to Records

UK stocks were set to open higher on Tuesday as investors digested data showing Britain’s unemployment rate was unchanged at 3.7% in November. Meanwhile, the number of employed people in the UK increased by 27K, much higher than forecasts for a 5K rise. Investors also focus on the World Economic Forum in Switzerland where recession fears dominated headlines. A survey released at the Davos summit showed that two-thirds of private and public sector economists expected a global recession this year, with about 18% considering it “extremely likely,” as reported by Reuters. FTSE 100 futures rose 0.1% in early trade.

Equities in London extended gains for the fourth consecutive session on Monday, with the benchmark FTSE 100 closing near record levels above 7,850 points, driven by real estate and technology stocks. In the lack of any significant catalyst and with trading volumes expected to remain thin due to a US holiday, risk appetite continued to be lifted by optimism about China's reopening. Among individual stocks, Asia-focused Prudential jumped more than 2% to lead the FTSE 100.

FTSE 100 Closes Near Record High

Equities in London extended gains for the fourth consecutive session on Monday, with the benchmark FTSE 100 hovering near record levels above 7,850 points, as gains among financials offset losses in the materials sector. In the lack of any significant catalyst and with trading volumes expected to remain thin due to a US holiday, risk appetite continued to be lifted by optimism about China's reopening. Among individual stocks, Asia-focused Prudential jumped almost 2% to lead the FTSE 100.

FTSE 100 Hovers Near Record Levels

UK stocks were set to open lower on Monday as investors take some profits off the table following a sustained rally at the start of the year. The FTSE 100 Index is up more than 5% so far in January as easing inflation and related expectations spurred bets for less aggressive interest rate hikes worldwide. Investors also look ahead to the World Economic Forum in Switzerland this week where government and business leaders are set to discuss key topics with global repercussions.  It will be a quiet day in the UK on the data and earnings front. FTSE 100 futures were down about 0.15% in early trade.

Equities in London extended gains for a third consecutive session on Friday, with the benchmark FTSE 100 finishing near record levels of around 7,850 points, driven by healthcare and financials stocks. The export-oriented index has benefited from the Chinese reopening trade, with investors piling into many multinationals, particularly oil and mining companies that make up the index. On the data front, the UK economy unexpectedly expanded in November, with data showing that consumers kept spending despite the severe cost-of-living squeeze. Adding to the upbeat mood, the US CPI report on Thursday showed that inflation eased for a sixth consecutive month in December. Regarding individual share price movement, Rolls-Royce and Glencore were among the top gainers, up roughly 4.1% and 2.4%, respectively. The FTSE 100 rallied almost 2% this week to record its second consecutive weekly gain.

FTSE 100 Closes Just Shy of Record, Posts Second Weekly Gain

Equities in London extended gains for a third consecutive session on Friday, with the benchmark FTSE 100 hovering near record levels around 7,850 points, driven by healthcare and industrials. The export-oriented index has benefited from the Chinese reopening trade, with investors piling into many multinationals, particularly oil and mining companies that make up the index. On the data front, the UK economy unexpectedly expanded in November, with data showing that consumers kept spending despite the severe cost-of-living squeeze. Meanwhile, the US CPI report showed that inflation eased for a sixth consecutive month in December. Regarding individual share price movement, International Consolidated Airlines and Rolls-Royce Holdings were among the top gainers, up over 2% each. The FTSE 100 added almost 2% for the week while heading for a second straight weekly gain.

FTSE 100 Extends Gains, Set for Second Weekly Gain

UK stocks were set to open higher on Friday, underpinned by upbeat global sentiment after data showed that US inflation eased further in December, fueling bets for a less aggressive tightening from the Federal Reserve. Investors also reacted to data which showed that the British economy expanded 0.1% MoM in November, beating market forecasts for a 0.2% decline. FTSE 100 futures were up about 0.2% in early trade.

Equities in London extended gains for a second consecutive session on Thursday, with the benchmark FTSE 100 closing above the 7,800 mark and just shy of recording a new all-time closing high, driven by real estate, financials, and materials stocks. The export-oriented index has benefited from the Chinese reopening despite some concerns that it could also trigger another wave of COVID-19 infections. At the same time, the US CPI report showed that inflation eased for a sixth straight month in December, supercharging existing upward momentum in the market. Regarding individual share price movement, Britain's second-largest housebuilder, Persimmon, jumped almost 9% to lead the FTSE 100.

FTSE 100 Closes Above 7,800 Points

United Kingdom Stock Market Index (GB100) rose above 7800 points.

United Kingdom Stock Market Index (GB100) above 7800

Equities in London extended gains for a second consecutive session on Thursday, with the benchmark FTSE 100 hovering near record levels at around 7,800, driven by materials, technology, and energy stocks. The export-oriented index has been benefiting from the Chinese reopening trade amid prospects that it would boost growth prospects for the country and other economies despite some concerns that it could also trigger another wave of COVID-19 infections. Multinacional Centrica jumped almost 6% to lead the FTSE 100 after announcing Russell O'Brien as its new chief financial officer. Whitbread and Vodafone were also among the top gainers, up roughly 3.3% and 2.2%, respectively.

FTSE 100 Approaches Record Levels

UK stocks were set to open higher on Thursday, likely extending gains from the previous session as investors look ahead to a key US inflation report that is expected to show further easing in price pressures, supporting the case for a less aggressive Federal Reserve tightening. Meanwhile, there will be no major data releases in the UK on Thursday, though some companies are set to release earnings reports. FTSE 100 futures were up about 0.3% in early trade.

Equities in London closed Wednesday's session on a high note, with the benchmark FTSE 100 hovering near a record closing high of 7,730 points, driven by gains in real estate stocks. Risk appetite continued to be lifted by hopes that China's reopening would boost growth prospects for the country and other economies despite some concerns that it could also trigger another wave of COVID-19 infections. Regarding individual share price movement, multichannel retailer JD Sports Fashion jumped more than 6% to lead the FTSE 100 after reporting total revenue growth of over 20% in six weeks in the run-up to Christmas. St James's Place and SEGRO were also among the top gainers, up roughly 4% each.

FTSE 100 Bounces Back Above 7,700

Equities in London regained traction on Wednesday, with the benchmark FTSE 100 hovering near a record closing high of 7,700 points, driven by gains in heavyweight materials stocks. Risk appetite continued to be lifted by hopes that China's reopening would boost growth prospects for the country and other economies despite some concerns that it could also trigger another wave of COVID-19 infections. Regarding individual share price movement, multichannel retailer JD Sports Fashion jumped more than 3% to lead the FTSE 100 after reporting total revenue growth of over 20% in six weeks in the run-up to Christmas. Miners Anglo American and Glencore were also among the top gainers, up roughly 2% each.

FTSE 100 Regains Traction

UK stocks were set to open higher on Wednesday, extending a global equity rally as investors look ahead to a key US inflation report that could provide clues on the Federal Reserve’s next move. Meanwhile, Fed Chair Jerome Powell avoided making comments on the outlook for monetary policy at an event on Tuesday, but he said that “restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow the economy.” It will be a quiet day on the data front in the UK, though investors are awaiting the latest corporate earnings results. FTSE 100 futures rose 0.15% in early trade.

Shares in London snapped five days of gains on Tuesday, with the blue-chip FTSE 100 pulling back from an almost record closing peak to end below 7,700 points, dragged by the technology and real estate sectors. Data showed that UK retail sales accelerated in December but remained well below the pace of UK inflation. Overall, sentiment weakened amid recession fears and hawkish comments from some Fed officials throwing cold water on the idea that interest rate hikes are over. Regarding individual share price movement, RS Group and British American Tobacco were among the biggest laggards on the FTSE 100, down roughly 4.4% and 3.8%, respectively.

FTSE 100 Snaps Five-Day Rally

The FTSE 100 fell 0.3% on Tuesday  from a 3-½-year high reached in the previous session, dragged down by consumer staples including Diageo, Ocado and Unilever, after NielsenIQ warned that weak confidence around personal finances and a squeeze on disposable income will hold back growth in food retail sales. Also, data showed that UK retail sales accelerated in December, but remained well below the pace of UK inflation. Overall, sentiment weakened amid recession fears and hawkish comments from some Fed officials throwing cold water on idea that interest rate hikes are over.

UK Shares Down from 3-1/2-Year High

UK stocks were set to open lower on Tuesday, likely breaking a five-day advance as hawkish remarks from Federal Reserve officials countered hopes that the US central bank might dial back its aggressive monetary tightening. Investors are also gearing up for US inflation data on Thursday for further clues about the Fed's next move, as well as Fed Chair Jerome Powell’s speech later today. Meanwhile, data showed that UK retail sales accelerated in December, but remained well below the pace of UK inflation. FTSE 100 futures are down about 0.6% in early trade.

Equities in London extended gains for the fifth consecutive session on Monday, with the benchmark FTSE 100 closing near record levels above 7,700 points, driven by real estate, materials, and energy stocks. The export-oriented index benefited from optimism surrounding China's reopening, with heavyweights mining and oil companies tracking higher commodity prices. On top of that, last week, weaker-than-expected ISM manufacturing and services data fuelled concerns about a US recession, which, coupled with a payrolls report showing slowing wage growth, prompted bets on a less aggressive tightening from the Federal Reserve. Regarding individual share price movement, Antofagasta rallied more than 4% to lead the FTSE 100, while Flutter Entertainment and Entain were among the top gainers, up 3.9% and 3.6%, respectively.

FTSE 100 Rises for Fifth Session

Equities in London extended gains for the fifth consecutive session on Monday, with the benchmark FTSE 100 hovering near record levels above 7,700, driven by real estate, materials, and energy stocks. The export-oriented index benefited from optimism surrounding China's reopening, with heavyweights mining and oil companies tracking higher commodity prices. On top of that, last week, weaker-than-expected ISM manufacturing and services data fuelled concerns about a US recession, which, coupled with a payrolls report showing slowing wage growth, prompted bets on a less aggressive tightening from the Federal Reserve. Regarding individual share price movement, BT Group rallied almost 3% to lead the FTSE 100, while Antofagasta and Glencore were among the top gainers, up roughly 1.5% each.

UK stocks were set to open in positive territory on Monday, tracking global peers higher as weaker-than-expected US data tempered expectations that the Federal Reserve will continue to hike rates aggressively. China’s continued reopening also bolstered the outlook for the global economy and helped risk assets, with Beijing opening sea and land crossings with Hong Kong and ending a requirement for incoming travelers to quarantine, symbolizing an end to the strict zero-Covid policy. It will be a quiet day with no major UK data slated for Monday, though investors are awaiting eurozone employment figures for November. FTSE 100 futures are up about 0.1% in early trade.

Equities in London extended gains for the fourth straight session on Friday, with the benchmark FTSE 100 closing near record levels at around 7,700 points, driven by the heavyweight materials sector. Further signs that inflation could be peaking in the eurozone and somewhat upbeat economic data sent another wave of optimism across riskier assets this week. Big miner Anglo American jumped almost 6% to lead the FTSE 100, while Endeavour Mining, Antofagasta, Glencore, and Rio Tinto were among the top gainers. The export-oriented index has been outperforming its European and US peers since last year, benefiting from many multinationals, particularly oil and mining companies that make up the index. The FTSE 100 rallied more than 3% in the first trading week of January on optimism around China's reopening.

FTSE 100 Tops 7000, Posts Sharply Weekly Gain

Equities in London extended gains for the fourth straight session on Friday, with the benchmark FTSE 100 hovering near record levels at around 7,660, driven by the heavyweight materials sector. Further signs that inflation could be peaking in the eurozone and somewhat upbeat economic data sent another wave of optimism across riskier assets this week. Big miners Anglo American, Glencore, and Rio Tinto were among the top gainers, up over 2% each. The export-oriented index has been outperforming its European and US peers since last year, benefiting from many multinationals, particularly oil and mining companies that make up the index. The FTSE 100 rallied almost 3% in the first trading week of January on optimism around China's reopening.

UK stocks were set to open higher on Friday, attempting to rise for the fourth straight session as investors look ahead to a key US jobs report and eurozone inflation data that could throw light on the path forward for central bank monetary tightening. Meanwhile, investors remain cautious as data showed that US private employment increased more than expected in December, giving the Federal Reserve room to keep raising interest rates. FTSE 100 futures rose 0.3% in early trade.

Equities in London advanced for a third consecutive session on Thursday, with the benchmark FTSE 100 closing above 7,600 and just shy of a fresh record closing high, driven by gains among financials, materials, and energy stocks. While Hawkish FOMC minutes limited some of the risk appetite seen this week, further signs that inflation could be peaking in the eurozone and somewhat upbeat services data sent another wave of optimism across stocks. Domestically, Prime Minister Rishi Sunak, in his first major speech of 2023, vowed to curb inflation, shore up the economy and reduce the national debt. British clothing retailer Next jumped more than 7% to lead the FTSE 100 after raising its pretax profit forecast for 2023. Miners Anglo American and Antofagasta were also among the top gainers, up roughly 4.3% and 3.1%, respectively.

Equities in London advanced for a third consecutive session on Thursday, with the benchmark FTSE 100 rising above 7,600 to levels not seen since April 2021, driven by gains among materials and energy stocks. While Hawkish FOMC minutes limited some of the risk appetite seen this week, further signs that inflation could be peaking in the eurozone and somewhat upbeat services data sent another wave of optimism across stocks. Domestically, Prime Minister Rishi Sunak, in his first major speech of 2023, vowed to curb inflation, shore up the economy and reduce the national debt. British clothing retailer Next jumped more than 7% to lead the FTSE 100 after raising its pretax profit forecast for 2023. Miners Anglo American and Antofagasta were also among the top gainers, up over 3% each.

FTSE 100 Tops 7,600

Equities in London were trading around the flatline on Thursday, with the benchmark FTSE 100 hovering around a seven-month peak of 7,600 points, as gains among energy offset sharp losses in healthcare. Hawkish FOMC minutes limited some of the risk appetite seen earlier this week. The world’s most influential central bank reassured markets that the tightening cycle is not over as inflation risks remain tilted to the upside. Domestically, Prime Minister Rishi Sunak, in his first major speech of 2023, vowed to curb inflation, shore up the economy and reduce the national debt. On the data front, British new car registrations increased for the fifth consecutive month in December, with an 18% increase to about 128,000.

UK stocks were set to open lower on Thursday as investors digested the latest Federal Reserve meeting minutes, where US policymakers backed keeping monetary policy restrictive until they see compelling evidence that inflation is trending lower toward the 2% target. Investors also looked ahead to a slew of British economic reports, including new car sales and services and composite PMI data. On Wednesday, UK stocks finished higher, helped by somewhat upbeat manufacturing data and further signs that inflation could be peaking. FTSE 100 futures were down about 0.1% in early trade.

Equities in London advanced for a second consecutive session on Wednesday, with the benchmark FTSE 100 rising towards the 7,600 mark to close at levels not seen since June, driven by consumer discretionary and financials. Markets started the year on the right foot, helped by somewhat upbeat manufacturing data and further signs that inflation could be peaking. Investors now looked ahead to the latest US Federal Reserve minutes later today, which could provide clues on its policy tightening path. British online retailer Ocado added more than 7.5% to lead the FTSE 100, while big miners Fresnillo and Prudential were also among the top gainers, up 7.3% and 5.1%, respectively.

FTSE 100 Closes at Seven-Month High

Equities in London advanced for a second consecutive session on Wednesday, with the benchmark FTSE 100 rising towards the 7,600 mark to levels not seen since June, driven by heavyweight materials and financials stocks. Markets started the year on the right foot, helped by somewhat upbeat manufacturing data and further signs that inflation could be peaking. Investors now looked ahead to the latest US Federal Reserve minutes later today, which could provide clues on its policy tightening path. Burberry Group added more than 2% to lead the FTSE 100, while big miners Prudential and Rio Tinto were also among the top gainers, up over 1% each.

UK stocks were set to open higher on Wednesday as global risk sentiment improved, while investors looked ahead to the latest US Federal Reserve minutes which could provide clues on its policy tightening path. Investors also awaited a slew of British economic reports, including mortgage and consumer lending data. FTSE 100 futures were up about 0.3% in early trade.

Equities in London kicked off a holiday-shortened week sharply higher, with the blue-chip FTSE 100 adding almost 1.5% to around 7,560 points and outperforming its European peers, driven by gains in real estate and consumer discretionary stocks. Investors took advantage of lower valuations following a dismal 2022, while lower-than-expected inflation figures for December in Germany added to the chipper mood. Still, the sentiment remains clouded by a worsening outlook for growth and prospects of further interest rate hikes. On the corporate side, Rolls-Royce Holdings and Ocado Group were among the biggest gainers on the FTSE 100, up roughly 5.6% and 4.6%, respectively.

FTSE 100 Outperforms European Peers

Equities in London started a holiday-shortened week in the green, with the blue-chip FTSE 100 adding almost 2% to around 7,600 points, driven by gains in energy and real estate stocks. Investors have taken advantage of lower valuations following a dismal 2022. Still, the sentiment remains clouded by a worsening outlook for growth and prospects of further interest rate hikes. Adding to the chipper mood was upbeat manufacturing data for the eurozone on Monday, with several PMIs suggesting the worst had passed. Oil majors Shell and BP were among the top gainers, up roughly 4.4% and 3.8%, respectively.

FTSE 100 Jumps Almost 2%

UK stocks were set to open little changed on Tuesday as investors return from a holiday-extended weekend, while continuing to assess the outlook for growth and monetary policy. Investors also look ahead to the final UK manufacturing PMI data later today for clues on the health of the domestic economy, as well as German inflation data that could guide the rates outlook. FTSE 100 futures fluctuated around the flatline in early trade.

UK Stocks Set for Muted Open

In London the FTSE 100 Index fell 61 points or 0.81 percent on Friday..

The FTSE 100 Index dropped 0.81%

In London the FTSE 100 Index dropped 61 points or 0.81 percent on Friday. Losses were led by Barratt Developments (-3.05%), Persimmon (-3.03%) and BT Group PLC (-2.73%). Offsetting the fall, top gainers were JD Sports Fashion (2.44%), Coca-Cola (2.25%) and Fresnillo (1.85%).

The FTSE 100 Index fell 0.81%

Equities in London came under renewed selling pressure on Friday, with the blue-chip FTSE 100 index closing below the 7,500 mark, dragged by losses in the real estate and industrials sectors. Persimmon and Ocado Group were among the top losers, down more than 2% each. Mounting concerns about persistently high inflation, monetary policy tightening from central banks, and a potentially prolonged period of sluggish economic growth rattled investors in December, with the benchmark down roughly 1.5% this month. Still, the export-oriented FTSE 100 added nearly 1% this year as higher commodity prices and a weaker sterling have helped it to outperform its European and US peers.

FTSE 100 Outperforms in 2022

Equities in London came under renewed selling pressure on Friday, with the blue-chip FTSE 100 index falling below the 7,500 mark, dragged by losses in the industrials and technology sector. Flutter Entertainment and Ashtead Group were among the top losers, down more than 1% each. Mounting concerns about persistently high inflation, monetary policy tightening from central banks, and a potentially prolonged period of sluggish economic growth rattled investors in December, with the benchmark heading for an over 1% loss this month. Still, the export-oriented FTSE 100 is up nearly 1.5% as higher commodity prices and a weaker sterling have helped it to outperform its European and US peers.

FTSE 100 Struggles for Traction, Still Poised for Yearly Gains

Contracts on the FTSE 100 futures were lower on Friday, tracking a general cautious mood, as the year-end approaches and the 2023 outlook remains very challenging. Surging covid cases in China add further pressure to an already fragile economy as Britain remains the only G7 county with GDP below its pre-pandemic level and is on track for a prolonged recession. The London Stock Exchange will close early on Friday and will remain shut on January 2nd for the New Year holidays. So far in 2022, the benchmark FTSE 100 is up nearly 1.7% as higher commodity prices and a weaker sterling have helped it to outperform its European and US peers.

UK Shares to End 2022 Higher

Equities in London advanced for a third consecutive session on Thursday, with the benchmark FTSE 100 closing above the 7,500 level, helped by real estate, technology, and healthcare stocks. Risk appetite returned to markets during the US session, with investors taking advantage of lower valuations to open new positions. Still, rising coronavirus cases in China rattled investors, with several countries, including the US and Italy, already imposing testing for Chinese visitors. On top of that, worries mount that persistently high inflation and monetary policy tightening from central banks would drag the developed world into a recession next year. Scottish Mortgage Investment Trust and Airtel Africa were among the top gainers on the index, up 3.6% and 2.8%, respectively.

FTSE 100 Rises for Third Session

Equities in London came under renewed selling pressure on Thursday, with the blue-chip FTSE 100 falling below the 7,500 mark, dragged by energy and industrial stocks. Rising coronavirus cases in China rattled investors, with several countries, including the US and Italy, already imposing testing for Chinese visitors. On top of that, worries mount that persistently high inflation and monetary policy tightening from central banks would drag the developed world into a recession next year. GSK and Tesco were among the biggest laggards on the index, down over 1% each.

FTSE 100 Faces Renewed Selling Pressure

UK stocks were set to open lower on Thursday, tracking losses in global markets amid growing concerns that the apparent end of China’s zero-Covid policy could lead to a surge in cases across the globe and trigger worldwide restrictions. The US announced that it will require air passengers from China to show a negative virus test, while Italy said it would test arrivals from the Asian nation and reported that almost half of passengers on two flights from China to Milan tested positive. Investors were also cautious about macroeconomic headwinds next year, with more interest rate hikes and a possible recession seen on the horizon. FTSE 100 futures fell 0.4% in early trade.

Equities in London started a holiday-shortened week on a high note, with the benchmark FTSE 100 finishing just shy of the 7,500 mark and outperforming its European peers, helped by utilities and industrial stocks. The export-oriented index has enjoyed robust gains amid higher commodity prices as China's reopening spurred investor optimism for a rally in the last week of 2022. In terms of individual price movement, big miners Antofagasta and Fresnillo were among the top gainers, up 2.8% and 2.2%, respectively.

Equities in London advanced for a second consecutive session on Wednesday, with the benchmark FTSE 100 climbing above the 7,500 mark, helped by utilities and heavyweight materials stocks. The export-oriented index has enjoyed robust gains amid higher commodity prices as China's reopening spurred investor optimism for a rally in the last week of 2022. National Grid was the best performer in the index, up almost 3%, while big miners Antofagasta and Glencore were also among the top gainers, up over 2% each.

UK stocks were set to open higher on Wednesday as investors are hopeful for an end-of-year rally after returning from a holiday-extended weekend, while looking ahead to various economic headwinds in 2023. Equity markets got a boost earlier this week after China removed more of its Covid restrictions, before turning cautious as global bond yields surged on growing fears that China’s reopening would add inflationary pressures to the global economy. Investors also continued to grapple with mounting risks of a global recession next year, as major central banks are set to tighten policy further. FTSE 100 futures rose 0.5% in early trade.

The FTSE 100 closed little changed in a shortened session on Friday, after a 0.4% loss the day before with the energy sector leading gains. Also, auto stocks added 0.4% after the latest data showed UK car production rose 5.7% in November, the second straight month of increases. In corporate headlines, Hurricane Energy Plc rose 2.6% after activist investor Crystal Amber Fund sent a notice to the group to convene a general meeting proposing leadership change. On the week, the London index advanced almost 2%. The London Stock Exchange will be closed on Monday and Tuesday for the holidays.

UK Stocks Little Changed Ahead Long Weekend

The FTSE 100 traded slightly higher in a shortened session on Friday, recovering from a 0.4% loss the day before as gains in healthcare and consumer staples sector more than offset losses in banks. Also, auto stocks rose 0.4% after the latest data showed UK car production rose 5.7% in November, the second straight month of increases. In corporate headlines, Hurricane Energy Plc rose 4.9% after activist investor Crystal Amber Fund sent a notice to the group to convene a general meeting proposing leadership change. On the week, the London index is set to gain 2%. The London Stock Exchange will shut at 1230 GMT and will be closed on Monday and Tuesday for the holidays.

UK Shares Muted Ahead Long Weekend

The FTSE 100 fell 0.5% on Thursday, having hit an over 2-week high earlier in the session and following three consecutive sessions of gains, as investors globally turned cautious on fears of more interest rate increases following strong US data. Domestically, updated figures showed the British economy contracted 0.3% on quarter in the three months to September, slightly more than a preliminary estimate of a 0.2% drop. British travel and leisure stocks declined by more than 1%, after pubs and restaurants in London said sales were cut to almost half pre-pandemic levels during last week’s rail strikes. Energy and mining shares also reversed earlier gains to fall 0.4% and 1.1%, respectively.

Equities in London advanced for a fourth consecutive session on Thursday, with the benchmark FTSE 100 trading at an over 2-week high above 7,530, driven by gains in energy, miners and financial stocks. Oil majors advanced almost 1%, tacking oil prices higher following a decline in US inventories, miners increased 0.5% and banks 0.3%. On the economic data, updated figures showed the British economy contracted 0.3% on quarter in the three months to September, contracted 0.3% on quarter in the three months to September.

UK Shares Trade at Over 2-Week High

UK stocks were set to open higher on Thursday, rising for the fourth straight session as global sentiment improved, with US stocks rallying on a strong consumer confidence reading and better-than-expected earnings. The fallout from the Bank of Japan’s surprise move to raise the upper policy limit on 10-year government bond yields also began to fade, with global bond yields pausing a recent rally. Meanwhile, investors digested data showing the UK economy contracted more than expected in the third quarter. FTSE 100 futures were up about 0.3% in early trade.

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