Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  FTSE 100 Index    F100   GB0001383545

FTSE 100 INDEX

(F100)
SummaryChartsNewsHeatmapComponents 
News SummaryAll newsNews of the components ofMarketScreener Strategies

Recharged hopes of Brexit deal, trade truce power UK shares

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/10/2019 | 12:11pm EST
A broker reacts on the IG Index the trading floor

(Reuters) - London stocks finished a roller coaster session on Thursday with gains as domestic companies rose after Britain and Ireland said they saw a pathway to a Brexit deal, and international names jumped on to a global rally over hopes of a U.S.-China trade truce.

The FTSE 100 ended 0.3% higher, after flipping back and forth during the day on mixed signals over the state of affairs between Beijing and Washington, while the midcap index that has a greater UK exposure also rose by the same level.

However, a more than 1% surge in sterling on renewed prospects of a Brexit agreement kept a lid on gains for the blue-chip bourse, which earns a sizeable portion of its earnings in the U.S. dollar.

Spirits company Diageo, consumer goods giant Unilever and AstraZeneca were among stocks hammered the most, causing the FTSE 100 to lag other major indexes.

Stocks vulnerable to a hit from Brexit, on the other hand, overpowered those losses. Lloyds topped the main board with a 4% leap, while Royal Bank of Scotland added 3%.

Mining heavyweights, which rely on world's top metals consumer China for a chunk of their profits, were the biggest sector-wise boost to the main bourse, climbing 2.5% - their most since early August.

Gains were triggered as hopes of a resolution to a painfully long trade war returned after U.S. President Donald Trump said he will meet Chinese Vice Premier Liu He on Friday.

The comments were well received, given they came after sentiment had turned sour following a report that Beijing has urged Washington to stop unreasonable pressure on Chinese companies.

On news-related moves, FTSE 100 component Mondi reversed earlier losses to close 2% higher after a third-quarter update, while homewares retailer Dunelm slumped 10% to the bottom of the midcap index after it flagged a softer market.

Still, reflecting recent worries over trade and Brexit, the FTSE 100 confirmed a "Death Cross" pattern as its 50-day moving average (DMA) crossed below the 200 DMA, which is seen a warning sign that more losses are likely in the near term.

The blue-chip bourse last formed the pattern roughly a year ago when Brexit negotiations and Italy's budget deficit had hit risk appetite.

"The ebb and flow of sentiment around U.S., China trade continues to pull global stock markets from pillar to post," CMC Markets' Michael Hewson wrote.

(Reporting by Muvija M and Shashwat Awasthi in Bengaluru; Editing by Bernard Orr and Giles Elgood)

By Muvija M and Shashwat Awasthi

Stocks mentioned in the article
ChangeLast1st jan.
ASTRAZENECA 1.54% 7387 Delayed Quote.23.87%
DIAGEO 1.83% 3116 Delayed Quote.9.48%
DUNELM GROUP PLC -0.12% 825 Delayed Quote.52.68%
FTSE 100 INDEX 0.28% 7234.11 End-of-day quote.0.00%
LLOYDS BANKING GROUP 0.00% 59.59 Delayed Quote.14.93%
MONDI PLC -0.81% 1658 Delayed Quote.2.33%
THE ROYAL BANK OF SCOTLAND GROUP PLC 0.00% 222.2 Delayed Quote.2.58%
UNILEVER PLC 0.62% 4625.5 Delayed Quote.11.89%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FTSE 100 INDEX
12:02pLONDON STOCK EXCHANGE : FTSE dips on murky trade view; Tullow tanks on mid-caps
RE
09:47aWALL STREET STOCK EXCHANGE : Stocks Slip on Doubts About China-U.S. Tariff Talks
DJ
08:45aGlobal Stocks Slip on Doubts About China-U.S. Tariff Talks
DJ
07:10aMARIJN DEKKERS : Unilever appoints Nils Andersen as chairman, replacing Dekkers
RE
07:08aGlobal Stocks Slip on Doubts About China-U.S. Tariff Talks
DJ
06:21aGlobal Stocks Slip on Doubts About China-U.S. Tariff Talks
DJ
05:07aGlobal Stocks Slip on Doubts About China-U.S. Tariff Talks
DJ
02:54aSSE Swung to Pretax Profit for 1st Half 2020; Raises Guidance
DJ
11/12Dow Industrials End Session Unchanged
DJ
11/12Dow Industrials End Session Unchanged
DJ
More news
News of the components of FTSE 100 INDEX
06:01pTakeaway CEO says does not want to overpay in $5.5 billion Just Eat bid
RE
01:15pEuropean Telecom Operators See Scope for Sharing More Infrastructure
DJ
12:21pASHTEAD GROUP PLC : - Transaction in Own Shares
PR
11:15aPEARSON : publishes third global tax report
PU
10:31aGLENCORE : to close Brunswick Lead Smelter in Belledune, N.B., by year end
AQ
10:16aGLENCORE : Canadian unit to close 'uneconomic' Brunswick Lead Smelter
RE
09:27aANGLO AMERICAN : Amsa - kumba iron ore 2019 total sales guidance update and angl..
AQ
More news
Chart FTSE 100 INDEX
Duration : Period :
FTSE 100 Index Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FTSE 100 INDEX
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Top / Flop FTSE 100 INDEX
COCA-COLA HBC AG 2515 Delayed Quote.6.61%
OCADO GROUP PLC 1133.5 Delayed Quote.5.49%
FRESNILLO PLC 655.8 Delayed Quote.4.76%
SMITHS GROUP 1675 Delayed Quote.3.52%
INTERTEK GROUP PLC 5342 Delayed Quote.2.57%
HARGREAVES LANSDOWN PLC 1744 Delayed Quote.-3.27%
THE BRITISH LAND COMPANY PLC 556.2 Delayed Quote.-3.30%
DIRECT LINE INSURANCE GROUP PLC 270.5 Delayed Quote.-3.50%
ITV PLC 133.35 Delayed Quote.-3.58%
MICRO FOCUS INTERNATIONAL PLC 1059.4 Delayed Quote.-4.46%
Heatmap :