FTSE
London midcaps touch more than two-year highs as Labour Party returns to power
The FTSE 250 index reached a two-year high and experienced its best week since January 22, boosted by investor enthusiasm for Keir Starmer's ambitious plan to build 1.5 million new homes in the UK. British homebuilding companies led the gains on the FTSE 100 as the index inched closer to the 21,000 mark.
European shares advance on rate optimism; UK elections in focus
European shares rose Thursday due to Fed rate cut prospects, weak U.S. data, and Labour gains. FTSE 100 rose by 0.5%, STOXX 600 by 0.3%, led by banks and Continental's 9.6% rise. German industrial orders fell 1.6% in May. Roche fell 2.3% after halting a lung cancer drug trial. Ericsson slipped 1.5% after 11.4 billion crown impairment charge.
Pakistan stocks downgraded to frontier market by FTSE Russell
Pakistan's market status has been lowered from secondary emerging to frontier market by FTSE Russell, impacting equities with potential outflows. Despite this, the market remains optimistic due to IMF support. Debt concerns and political volatility have contributed to Pakistan's struggle to maintain its market size and liquidity.
Asia shares push higher; Aussie firm ahead of RBA rate decision
Asian stocks rose ahead of the RBA's policy decision, with expectations for the central bank to maintain rates and provide guidance on a potential easing cycle.
London stocks edge up in anticipation of ECB rate cut
British equities rose on ECB rate cut expectations, with Antofagasta and John Wood Group seeing gains. Investors await Christine Lagarde's remarks and Bank of England's upcoming meeting.
India’s bond index entry not enough to lift rating, Moody’s says
Moody's Ratings credit officer highlights India's need for structural reforms to enhance fiscal metrics despite global bond index inclusion. JPMorgan, Bloomberg, and FTSE Russell to include India in indexes, projecting substantial inflows into the debt market.
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London's FTSE 100 extends record streak as UK exits recession
London's FTSE 100 hit yet another record high on Friday as investors cheered the dovish tone of the Bank of England, while the British economy grew better-than-expected in the first quarter this year.
London's FTSE 100 hits new high after BoE signals rate cuts
Britain's FTSE 100 scaled a record high on Thursday after the Bank of England kept interest rates unchanged but investors cheered increasing indications that more policymakers are warming up to cutting borrowing costs soon.
European stock markets climb at open
European stock markets rose at the start of trading Tuesday as traders anticipate cuts to interest rates in the coming months on both sides of the Atlantic. In the eurozone, the Paris CAC 40 index began Tuesday with a gain of 0.5 percent to 8,037.95 points.
Britain's FTSE 100 hits record high as Shell shines
Britain's FTSE 100 opened at a record high, boosted by gains in Shell after Reuters reported its plans to sell the Malaysian gas station business and BP gained on maintaining share buyback plans but missed earnings forecast.
FTSE 100 extends record run on earnings optimism
The blue-chip FTSE 100 was up 0.4%, as of 0721 GMT. The index touched 8,083.92, topping the previous session's peak of 8,076.52.
UK's FTSE 100 hits record peak on weaker pound; Associated British Foods surges
The UK's blue-chip share index cruised to record highs on Tuesday, helped by a weaker pound and positive corporate updates, while investors focussed on earnings from U.S. tech giants this week.
India still under FTSE Russell consideration
"There are criteria for a Market Accessibility Level of 1 the market does not satisfy, including the documentary requirements to fulfil the Foreign Portfolio Investor (FPI) registration, increased regulatory reporting, the inflexible length of the settlement cycle and the tax clearance process," an FTSE note read.
FTSE keeps India, Korea on hold in indexes, adds Portugal
The index provider will add Portugal to the FTSE World Government Bond Index effective November and remove Switzerland from the upgrade watch list, according to a statement released Wednesday after markets closed in New York.
FTSE 100 hits over 10-month high on Fed stance boost; BoE decision eyed
London equities opened higher on Thursday as investors welcomed the Federal Reserve sticking to its three rate-cut stance for 2024, while they switched focus to the Bank of England's monetary policy update.
FTSE rejig: $1.70 billion inflows likely on Friday; HDFC Bank to be top beneficiary
India to receive over $1.70 billion in passive inflows from FTSE March rejig. Major beneficiaries include HDFC Bank, ICICI Bank, Kotak Bank, Sundaram Finance, Zomato, SJVN, Grasim Industries, Bajaj Finance, RVNL, Prestige Estates, Sensex, Maruti Suzuki, and Tata Steel.
London stocks slip after BoE stands pat on rates
The blue-chip FTSE 100 was down 0.1%, but was up as much as 0.6% before the central bank's decision. British government bond yields rose and the pound cut some of its earlier losses.
FTSE 100 jumps to 10-day high as luxury stocks gain
London's blue-chip share index jumped to a 10-day high on Friday after upbeat earnings updates from European luxury firms boosted Burberry and Diageo, while a pullback in sterling supported shares of dollar earners.
Grasim rights line to be removed from four major indices from January 23: FTSE
The rights line will be removed from All-World index, MPF All-World index, Global Large cap index, and Emerging index, FTSE said in a release on Wednesday. It will also be removed from three of the factor indices of the global index aggregator.
Phoenix Mills, Suzlon, Thermax, among stocks likely to enter FTSE All-World Index
The changes in FTSE All-World and FTSE All Cap will be announced on February 16 and the adjustments will take place on March 15, the firm said.
FPI flows into D-Street more than doubles on HDFC Bank FTSE rejig
The gain in HDFC Bank stock on Friday was driven by strong volumes of more than 69 million shares, which is way higher than the six-month daily average volume of 18 million shares.
European shares muted with energy shares biggest drag
Energy shares were down 0.8% after Brent prices fell toward $80 a barrel, as investors awaited the OPEC+ meeting due later this week for an agreement to curb supplies into 2024. All eyes will be on Lagarde, who will be speaking at 1400 GMT before the Committee of Economic and Monetary Affairs of the European Parliament to give an assessment on the region's monetary policy.
Asia stocks turn lower, gold jumps as oil slips
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) also dipped 0.3%, giving it a monthly gain of 6.4%. Chinese blue chips (.CSI300) lost another 1.1%, and have missed out on all the global cheer with the market down 2% in November so far.
Grayscale launches crypto indices in partnership with FTSE Russell
The FTSE-Grayscale indices would track the performance of crypto assets in five categories - currencies, smart contract platforms, financials, consumer and culture and utilities and services.
London on cusp of becoming biggest stock market in Europe, again
London's stock market is poised to regain its position as Europe's largest equity market, surpassing Paris, due to a faltering rally in French luxury shares. The market capitalization of primary British listings now stands at $2.90 trillion compared to France's $2.93 trillion. This shift is driven by a slide in France's value amidst economic gloom in the Chinese market, while London is experiencing signs of investor bullishness for the first time in years. Factors contributing to the UK's positive outlook include a rally in oil prices, cooling inflation, and the potential for a weaker pound.
FTSE 100 hits six-week high as ECB signals end to rate hikes
The exporter-heavy FTSE 100 index rose the most in over 10 months, soaring 2.0%. The midcap index mirrored the moves and was up 1.8%.
FTSE August Review: MTAR Tech, Nazara Tech, 2 others to enter Global Smallcap index
Nazara Technologies stock got an additional boost from news the company’s board will meet on Monday to consider fundraising options through the equity route.
Will Jio Financial’s entry into MSCI, FTSE elite group change anything for index fund trackers?
As funds owning RIL stock already have Jio Financial shares, there will be no fresh adjustments in their portfolio. As a result, no fresh inflows or outflows is likely with respect to FTSE and MSCI.
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