The U.K. stock market experienced a decline on Tuesday, with the FTSE 100 Index finishing down 0.48% at 7,558.34. Clothing Retailer JD Sports Fashion PLC Sees Largest Decrease Among the FTSE 100 constituents, clothing retail company JD Sports Fashion PLC saw the largest decrease on Tuesday, as its shares declined by 5.25%. Precious Metals Firm Fresnillo PLC and Real Estate … [Read more...] about UK Stocks Decrease
FTSE 100
London’s FTSE 100 Leading European Bourses in Decline
London's FTSE 100 has taken the lead in the decline of European bourses on Wednesday due to a surprise increase in UK inflation. Interest rate-sensitive stocks, including housebuilders, real estate, and utilities, are feeling the impact of this uptick. The Office for National Statistics in Britain reported that consumer prices rose by 4% in the year to December, surpassing … [Read more...] about London’s FTSE 100 Leading European Bourses in Decline
Brexit Trade Deal Reportedly Edges Closer as EU-UK Clinch Narrow Accord
Britain clinched a Brexit trade deal with the European Union on Thursday ahead of exit from the world’s largest trading bloc in a week, reports Reuters. The deal guarantees that Britain is no longer bound by the EU rules and potentially ends months of intense negotiations between the bloc officials and the U.K. The EU-UK trade news is welcome for many families and businesses … [Read more...] about Brexit Trade Deal Reportedly Edges Closer as EU-UK Clinch Narrow Accord
Eurozone Economic Rebound Beats Estimates in December, Remains in Contraction
Eurozone’s IHS Markit’s flash composite PMI was 49.8 in December, up from November’s 45.3, and above expected 45.8, reports Reuters. The economic rebound reflects the partial lifting of restrictions in countries like France, although it remained below the 50 mark that separates growth from contraction. The service industry rose to 47.3, up from 41.7 to remain above … [Read more...] about Eurozone Economic Rebound Beats Estimates in December, Remains in Contraction
UK Jobless Claims Rise in November amid Tightening Coronavirus Restrictions
UK’s jobless claims in November were 64,300, up from October’s -64,100, according to the Office for National Statistics press release. The Claimant Count rate was 7.4%, up from the previous month's 7.2%. Prior jobless claims change was revised better from -29,800 to -64,100.Prior claimant count rate was revised lower from 7.3% to 7.2%.The average total pay among employees … [Read more...] about UK Jobless Claims Rise in November amid Tightening Coronavirus Restrictions
