london stocks end year on record high
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

London stocks end year on record high

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today London stocks end year on record high

London stocks end year on record high
London - Al Maghrib Today

London's FTSE 100 ended 2017 on a new record high on Friday, on a shortened final day of trading before the New Year break.

The benchmark index of blue-chip shares was boosted once again by strong mining stocks, and closed at 1230 GMT, up 0.9 percent at a new closing high of 7,687.77 points, having earlier reached a new intraday record of 7,697.62.

Despite economic headwinds and Brexit-related uncertainties in 2017, the FTSE added 7.6 percent over the year, with more records set to be broken in 2018, according to analysts.

"The FTSE 100 could launch a concerted attack on the 8,000 mark for the first time in 2018," said analysts at AJ Bell.

"While issues such as Brexit, an economy that is hardly firing on all cylinders and political risk must not be dismissed, none of these fears are new and the UK market has three things going for it as we enter 2018 -– performance, valuation and dividend yield," they wrote in a note to investors.

Meanwhile in the eurozone, stocks fell back, with Frankfurt's DAX 30 down 0.3 percent at 12,937.70 and the CAC 40 in Paris down 0.2 percent at 5,328.13.

The dollar remained under pressure as traders cash in on the recent gains fuelled by Donald Trump's tax cuts, while most Asian equities were on course to end a strong year on a positive note.

Asia's biggest markets have enjoyed huge gains over the past year -- with Hong Kong up more than a third and Tokyo nearly 20 percent higher -- fuelled by expectations that Donald Trump would push through business-friendly measures.

And while he suffered a series of setbacks, he managed to finish 2017 with one major legislative achievement -- across-the-board tax cuts that include the slashing of corporate rates.

The focus is now on his programme for the next 12 months, with an infrastructure spending bill promised, though there are warnings about his low poll ratings, and mid-term elections in November that could see his Republicans lose the Senate.

Despite the positive news of Federal Reserve interest rate hikes, a stronger economy and improving employment, the dollar has been unable to break away from its peers.

On Friday, the euro was at a one-month high and up more than 13 percent over the year, while the pound was also in the ascendancy, having added nine percent since January.

Most high-yielding currencies including the Australian dollar, South Korean won and Indonesian rupiah were up Friday.

Tokyo closed 0.1 percent down, with tech titan SoftBank reversing early gains to end 0.1 percent off after announcing a deal to take a huge stake in US ride-sharing giant Uber.

Bitcoin edged up almost nine percent above $15,000, having fallen on Thursday on news that South Korea would ban anonymous trading in virtual currencies and crack down on links to money laundering activities.

- Key figures around 1230 GMT -

London - FTSE 100: UP 0.9 percent at 7,687.77 points (close)

Frankfurt - DAX 30: DOWN 0.3 percent at 12,937.70

Paris - CAC 40: DOWN 0.2 percent at 5,328.13

EURO STOXX 50: DOWN 0.4 percent at 3,510.03

Tokyo - Nikkei 225: DOWN 0.1 percent at 22,764.94 (close)

Hong Kong - Hang Seng: UP 0.2 percent at 29,919.15 (close)

Shanghai - Composite: UP 0.3 percent at 3,307.17 (close)

New York - DOW: UP 0.3 percent at 24,837.51 (close)

Euro/dollar: UP at $1.1989 from $1.1940 at 2200GMT

Pound/dollar: UP at $1.3518 from $1.3440

Dollar/yen: DOWN at 112.51 from 112.87

Oil - West Texas Intermediate: UP 23 cents at $60.07 per barrel

Oil - Brent North Sea: UP 11 cents at $66.27 (new contract)

Source: AFP

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

london stocks end year on record high london stocks end year on record high

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

london stocks end year on record high london stocks end year on record high

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 10:38 2018 Wednesday ,24 January

Sanofi buys US haemophilia treatment firm

GMT 17:23 2012 Monday ,30 April

Matt Farah Tests the BMW X6M at the Track

GMT 04:50 2012 Saturday ,29 September

Nahed el-Sebaey won\'t play in her mother\'s film

GMT 13:26 2018 Saturday ,20 January

Google, Tencent eye collaboration

GMT 16:18 2018 Monday ,01 January

In-form Castres stay in French hunt

GMT 13:45 2017 Monday ,25 September

OPEC to discuss extending cuts, quotas

GMT 10:14 2017 Tuesday ,19 December

Mayor of Libya's Misrata abducted and killed

GMT 10:08 2017 Sunday ,17 December

Uber denied new license in northern

GMT 19:23 2014 Thursday ,14 August

Opel at the ADAC Rallye Deutschland

GMT 20:15 2017 Tuesday ,31 October

Egypt backs Bahrain's security decision

GMT 12:33 2014 Wednesday ,24 September

PlayStation TV to hit US in October

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”

GMT 17:50 2017 Monday ,13 November

Vettel wins Brazilian GP, Hamilton fourth from pits

GMT 21:02 2017 Tuesday ,19 September

Clarins unveils 12 Day Christmas Calendar

GMT 23:00 2017 Saturday ,16 September

Jameil Al Majdalawy: Israel used Oslo

GMT 17:09 2017 Friday ,17 November

Israel ready to cooperate with Saudi

GMT 21:43 2017 Tuesday ,06 June

May 21 - June 20

GMT 19:13 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 04:54 2013 Sunday ,15 September

King of Bahrain arrives in Beijing

GMT 03:58 2013 Monday ,30 September

Hungarian tourist found dead on Mahdia beach
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday