U.K. Stocks Surge to Record as Election Boosts Banks, Utilities
(Bloomberg) -- U.K. domestic stocks surged after the Conservative Party’s election victory lifted the uncertainty that has persisted since the country voted to leave the European Union and removed concern about the Labour Party’s plans to nationalize a...
British midcaps soar after Conservative victory
Domestic-oriented, U.K. midcaps surged in early action Friday after the Conservatives secured a decisive general election victory, but top British stocks were largely left behind. The midcap FTSE 250 jumped 4% while the large-cap FTSE 100 added just ...
Deutsche Bank: Don't chase the British pound
Deutsche Bank advised clients not to chase the British pound after sterling's massive gains overnight after the Conservatives secured a majority in Parliament. "We would be cautious in chasing any move higher in the pound, however, and remain neutral. The next focus will be the government's policy on the UK and EU future economic relationship, a budget early next year, and the Bank of England's monetary policy meeting next week," the bank said.
Deutsche Bank: Don't chase the British pound
Deutsche Bank advised clients not to chase the British pound after sterling's massive gains overnight after the Conservatives secured a majority in Parliament. "We would be cautious in chasing any move higher in the pound, however, and remain neutral. The next focus will be the government's policy on the UK and EU future economic relationship, a budget early next year, and the Bank of England's monetary policy meeting next week," the bank said.
Futures point to stronger gains for German DAX and French CAC 40 than U.K. FTSE 100
Futures prices pointed to better gains for the German DAX and French CAC 40 than the U.K. FTSE 100 , as the surge in sterling weighs on British-headquartered multinationals. Futures pointed to a 0.3% gain for the FTSE 100 but a 1.3% jump for the Germ...
Futures point to stronger gains for German DAX and French CAC 40 than U.K. FTSE 100
Futures prices pointed to better gains for the German DAX and French CAC 40 than the U.K. FTSE 100 , as the surge in sterling weighs on British-headquartered multinationals. Futures pointed to a 0.3% gain for the FTSE 100 but a 1.3% jump for the Germ...
Citi: British election result 'probably as good as it gets'
Equity strategists at Citi said the U.K. election result "is probably as good as it gets." The bank said the FTSE 250 could rally even more than the FTSE 100 given its higher exposure to the domestic economy. Citi has an 8,100 target on the...
Citi: British election result 'probably as good as it gets'
Equity strategists at Citi said the U.K. election result "is probably as good as it gets." The bank said the FTSE 250 could rally even more than the FTSE 100 given its higher exposure to the domestic economy. Citi has an 8,100 target on the...
‘Perfect Result’ for Unsung Stocks: Strategists on U.K. Vote
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Strategists and economists were overwhelmingly positive on the prospects for U.K. domestic stocks after the election handed a clear majority and...
‘Perfect Result’ for Unloved Stocks: Strategists On U.K. Vote
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Strategists and economists were overwhelmingly positive on the prospects for U.K. domestic stocks after the election handed a clear majority and...