Search
EN Down
Language
Hi, user_no_name
Live Chat

London England

 

FTSE indices buyoed by Wall Street, offset UK growth and inflation concerns 

London's primary stock indices advanced on Monday, buoyed by a record-breaking surge on Wall Street that offset concerns about a sluggish British economy and persistent inflation. The benchmark blue-chip FTSE 100, inched up by 0.29%, with banks leading the gains, while the domestically focused FTSE 250 saw a steeper increase of 0.7%. 

The momentum from Wall Street's all-time high on Friday, driven by the optimism surrounding artificial intelligence (AI) and gains in chipmakers and technology stocks, carried over into Monday's session. Futures indicated potential additional gains in U.S. stocks, with the benchmark S&P 500 index up 0.5% . 

Susannah Streeter, head of money and markets at Uk firm Hargreaves Lansdown, commented on the dynamics to Reuters: 

“The FTSE 100 is largely sitting on the sidelines of the tech rally, given the lack of star names in the index. However, retail stocks have started on the front foot, as speculation has swirled about the potential for tax cuts in the UK Budget in March. It seems to have inspired a bit of confidence that respite is on the way for the retail sector.” 

British Finance Minister Jeremy Hunt announced plans to use his budget statement in March, potentially his last before an anticipated national election later this year, to stimulate economic growth. Tax cuts are among the measures considered to achieve this objective. 

 

Choose your points of movement

Сalculate your hypothetical P/L (aggregated cost and charges) if you had opened a trade today.

Market

Shares Search
Shares
Index
Commodity
Bonds
Crypto
ETFs
Currency

Instrument

Search
Clear input
Occidental
Prosus N.V.
Porsche AG
Hermes
CAT
Thermo Fisher
Nikola Corporation
Tilray
Shell plc (LSE)
Skillz Inc
Iberdrola
DeltaAir
CrowdStrike Holdings
Golar LNG
Applied Materials
Snowflake
Royal Bank Canada
Amazon.com
Spotify
Exxon Mobil
CCB (Asia)
McDonald's
Campari
GameStop
Netflix
ON Semiconductor
Costco
Dave & Buster's
Delivery Hero SE
LUCID
Continental
SunPower
Zoom Video Communications
Schlumberger
Virgin Galactic
Upwork Inc.
Cameco
JP Morgan
Fuelcell
Rivian Automotive
XPeng Inc
Wal-Mart Stores
Trade Desk
Blackstone
Vodafone
Aptiv PLC
L'Oreal
Target
Rio Tinto
Sartorius AG
British American Tobacco
Qorvo
ASOS
Cisco Systems
Nel ASA
Arista
Airbus
Apple
Pfizer
AMC Entertainment Holdings
ASML
Hubspot
Teladoc
Starbucks
SMCI
Canopy Growth
Wish.com Inc
Lockheed Martin
ProSiebenSat.1
IAG
AbbVie
Marston's
Baidu
Teleperformance
Norwegian Air Shuttle
Airbus Group SE
HSBC HK
Block
Annaly Capital
Abbott
LVMH
American Express
Novavax
GoPro
Siemens
Total
SIG
Pinterest Inc
Taiwan Semi
Etsy
Amgen
SONY
3D Systems
UPS
Yandex
BlackBerry
Gen Digital Inc
Xiaomi
Quanta Services
Unity Software
NVIDIA
Anglo American
Palantir Technologies Inc
Fresnillo
Deere
Rolls-Royce
Porsche
Uber
Vir Biotechnology
American Airlines
ROBLOX Corp
Macy's
FirstRand
easyJet
DISNEY
Aurora Cannabis Inc
BP
Adidas
Boeing Co
Vonovia
Coca-Cola Co (NYSE)
Home Depot
General Electric
Coinbase Inc
ALIBABA HK
Philip Morris
General Motors
PayPal
UniCredit
II-VI
BASF
Kraft Heinz
Alphabet (Google)
Palo Alto Networks
Evraz
Plug Power
Li Auto
Oracle
Roku Inc
UiPath Inc
Upstart Holdings Inc
F5 Networks
Infinera
Inditex
ZIM Integrated Shipping Services Ltd
Deutsche Bank
Hammerson
IBM
JD.com
Barrick Gold
TUI AG (LSE)
Lemonade
MerckCo USA
Infosys
Invesco Mortgage
Comcast
Santander
Accenture
Anheuser-Busch Inbev
Visa
Mastercard
Ozon
T-Mobile
SAP
Wayfair
Beyond Meat
Kuaishou
CarMax
Tesla
Lyft
Medtronic
Adobe
Morgan Stanley
Workday Inc
Blackrock
Vipshop
Meta (Formerly Facebook)
Linde PLC
Micron
Lululemon
Ceconomy
Chipotle
Gilead
Avacta
Naspers
Bristol Myers
Samsung
The Cheesecake Factory
Glencore plc
British American Tobacco
ChargePoint Holdings Inc
Twilio
Intel
Lloyds
CNOOC
Electrolux
Wells Fargo
Sea
PG&E
Fedex
Citigroup
Peloton Interactive Inc.
eBay
Microsoft
JnJ
Bilibili Inc
Trump Media & Technology Group
AIA
Nasdaq
Air France-KLM
Allianz
Lithium Americas Corp
Procter & Gamble
Qualcomm
AMD
New Oriental
MercadoLibre.com
Mondelez
Lumentum Holdings
Two Harbors Investment aration
AstraZeneca
Norwegian Cruise Line
Unilever
GoHealth
PepsiCo
Barclays
PETROCHINA
Goldman Sachs
Eli Lilly
HSBC
Cellnex
Berkshire Hathaway
Jumia Technologies
HDFC Bank
RTX Corp
Bayer
Bank of America
Chevron
ADT
DoorDash
Marriott
Nike
AT&T
GSX Techedu
Robinhood
Telecom Italia
Deliveroo Holdings
TUI
Freeport McMoRan
Toyota
BioNTech
Airbnb Inc
Alibaba
Verizon
Nio
Eni
Ford
Hanesbrands
Volkswagen
UnitedHealth
Shopify
China Life
Snap
Christian Dior
Conoco Phillips
Lufthansa
Tencent
Moderna Inc
Salesforce.com
Broadcom
Diageo
Toro
Cinemark

Account Type

Direction

Quantity

Amount must be equal or higher than

Amount should be less than

Amount should be a multiple of the minimum lots increment

USD Down
$-

Value

$-

Commission

$-

Spread

-

Leverage

-

Conversion Fee

$-

Required Margin

$-

Overnight Swaps

$-
Start Trading

Past performance is not a reliable indicator of future results.

All positions on instruments denominated in a currency that is different from your account currency, will be subject to a conversion fee at the position exit as well.

 

UK banks advance, drive up FTSE 100 index 

The FTSE 350 retail index saw a 0.9% increase, partially recovering from a 6.6% year-to-date decline. This positive movement followed both UK indices posting their third consecutive weekly declines on Friday. The downturn was triggered by higher-than-anticipated inflation and a decline in December retail sales, raising concerns about a looming recession and complicating the outlook for interest rates. 

Retail and investment bank Barclays saw a 2.65% uptick after Morgan Stanley expressed expectations that the British lender would provide a three-year guidance with increased clarity on its distributions policy when it releases full-year results next month. At the time of writing, the Barclays share price stood at 144.78p, up 3.74p. 

The NatWest share price was also up 2.5% after it was revealed that the UK government had sold a further 1% stake to reduce its ownership to 35.94%. 

The Lloyds share price advanced by 2.34%, last trading at 43.67p. 

S4 Capital gained 3.3% after Martin Sorrell's digital advertising group issued a fourth-quarter trading update in line with its previous forecasts. 

Compass Group showed a modest increase of 0.3% following the catering firm's announcement that it had agreed to acquire rival CH&CO for an initial enterprise value of £475 million ($603.16 million). 

When considering shares for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.   

Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. 

Latest news

UBS Global Research issues Street-high S&P 500 forecast

Tuesday, 28 May 2024

Indices

UBS leapfrogs UBS with new year-end S&P 500 forecast

Gold price gains ahead of US PCE inflation release

Monday, 27 May 2024

Indices

Gold price gains as focus turns to US inflation data

US dollar slated to remain firm over Memorial Day weekend

Friday, 24 May 2024

Indices

US dollar holds firm as traders trim Fed rate cut bets

OPEC meeting in focus for traders this week

Thursday, 23 May 2024

Indices

Week ahead: Oil traders eye next OPEC meeting, big inflation week

Live Chat