LONDON MARKETS: Global Trade Optimism Hoists Up London Markets
08 Enero 2019 - 7:57AM
Noticias Dow Jones
By Emily Horton
Next PLC, DS Smith, Smurfit Kappa lead FTSE 100
U.K. stocks were higher Tuesday as investors were encouraged by
reverberating global optimism on trade.
Retailers, packing firms and supermarket stocks were among the
day's gainers.
How are markets trading?
The U.K.'s FTSE 100 jumped 1% to 6,879.65, supported by shares
of supermarkets, engineers, banks, insurers and utilities, after
finishing down 0.4% on Monday.
The pound eased to $1.2750 from $1.2779 late in New York on
Tuesday.
What is driving the markets?
A second day of trade talks between the U.S. and China and
optimism around those discussions drove global equities higher a
second day, with Wall Street pointing to a third straight day of
gains.
British and European officials are reported to be discussing the
possibility of delaying Brexit
(http://www.marketwatch.com/story/brexit-brief-uk-government-quashes-reports-of-delay-to-eu-exit-2019-01-08),
amid ongoing opposition from U.K. politicians to an exit deal
secured by Prime Minister Theresa May last year. Parliament has
been expected to vote on Prime Minister Theresa May's deal over
exit terms next week. However, the BBC reported
(https://www.bbc.com/news/uk-politics-46795406) that the
government's Brexit secretary, said the country remains committed
to leaving on March 29.
U.K. supermarkets largely fended off fears of a collapse in
consumer spending over Christmas
(http://www.marketwatch.com/story/uk-supermarkets-post-record-holiday-sales-kantar-2019-01-08)
with only J Sainsbury PLC (SBRY.LN) suffering a fall in sales among
larger grocers, according to figures from consulting firm Kantar.
Even so, Sainsbury shares were slightly firmer.
The South Korean tech giant Samsung Electronics Co. (005930.SE)
echoed Apple Inc.'s (AAPL) sales shock on Tuesday, citing "mounting
macro uncertainties" and "lackluster demand" for its unexpected
fourth-quarter operating profit 29% decline
(https://www.marketwatch.com/story/samsung-electronics-warns-profit-will-tumble-29-2019-01-08https:/www.marketwatch.com/story/samsung-electronics-warns-profit-will-tumble-29-2019-01-08).
Evidence for a global economic slowdown continues to gather.
German industrial production data, released on Tuesday, reported a
surprise slump for the country in November
(http://www.marketwatch.com/story/german-industrial-production-unexpectedly-slumps-2019-01-08),
adding to recent evidence that a nine-year recovery in Europe's
largest economy is foundering.
What stocks are active?
Next PLC (NXT.LN) leapt 6.1% to top the FTSE 100. Packaging
companies DS Smith PLC (SMDS.LN) and Smurfit Kappa Group PLC
followed, surging 5.7%.
Manufacturer Rolls-Royce Holdings PLC (RR.LN) sygained 4.7%, and
supermarket chain Tesco PLC (TSCO.LN) climbed 3.8%.
But rival grocery chain Wm. Morrison Supermarket PLC (MRW.LN)
dropped 2.2% after its Christmas trading announcement
(http://www.marketwatch.com/story/wm-morrison-boosted-by-wholesale-over-christmas-2019-01-08)was
overshadowed by its younger rival Aldi, who saw 10% growth in their
sales numbers on Monday. Hargreaves Lansdown said Morrison sales
"are looking more and more like they need a shot in the arm."
Miner Fresnillo PLC (FRES.LN) declined 2.3%.
(END) Dow Jones Newswires
January 08, 2019 08:42 ET (13:42 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
FTSE 100
Gráfica de índice
De Mar 2024 a Abr 2024
FTSE 100
Gráfica de índice
De Abr 2023 a Abr 2024