LONDON MARKETS: Fresh Round Of Brexit Warnings Fail To Halt FTSE Climb
2019年1月11日 - 8:10PM
Dow Jones News
By Emily Horton
London markets were up on Friday, despite new data showing a
British economic slowdown and fresh Brexit worries.
What did markets do?
The U.K.'s FTSE 100 gained 0.4% to 6,968.15, after finishing up
0.5% on Thursday. The pound dropped to $1.2765 from $1.2749 late in
New York Thursday.
What is driving the markets?
(http://www.marketwatch.com/story/us-gains-312000-jobs-in-final-month-of-2018-soaring-above-wall-street-forecast-2019-01-04)Britain's
economy slowed in the three months leading to November, official
data from the Office of National statistics showed on Friday.
Expansion was at its slowest pace in six months as factories
suffered from difficult trade conditions ahead of Brexit, Reuters
reported
(https://uk.reuters.com/article/uk-britain-economy/uk-economic-growth-hits-six-month-low-manufacturing-slides-idUKKCN1P50X7).
An influential lobby group for U.K. businesses will on Friday
warn that a crash-out Brexit would shrink the country's economy by
8% and put thousands of jobs at risk
(https://www.fnlondon.com/articles/brexit-brief-business-lobby-warns-of-risks-to-thousands-of-uk-jobs-20190111).
On Thursday , the ratings agency S&P Global Ratings said it
could reassess its guidance on U.K. banks if the country is forced
into a disorderly exit from the EU.
Elsewhere, Ford Motor Co. (F) has launched an overhaul of its
European business. It will include thousands of job cuts, plant
closures and the cancellation of low-profit models amid poor
performance at the global car maker, The Wall Street Journal
reports
(https://www.wsj.com/articles/ford-announces-major-european-restructuring-11547117814).
In the U.K., no decision has been made over whether to close engine
and component plants in Dagenham and Bridgend.
Trade talks between China and the U.S. are still progressing,
with China's top trade officials expected to visit the U.S. later
this month
(http://www.marketwatch.com/story/chinas-top-trade-official-expected-to-visit-us-for-trade-talks-mnuchin-says-2019-01-10)for
more negotiations.
What stocks are active?
British housebuilding company Taylor Wimpey PLC (TW.LN) gained
3% and Persimmon PLC (PSN.LN) added just over 2%, after Taylor
Wimpey PLC's (TW.LN)strong results on Thursday
(http://www.marketwatch.com/story/taylor-wimpey-expects-one-off-charge-over-pensions-2019-01-09).
Rolls-Royce Holdings PLC (RR.LN) gained 2%. Meanwhile,
heavyweights Royal Dutch Shell PLC A added 0.5% and BP PLC (BP.LN)
rose 0.7%
Software company Sage Group PLC (SGE.LN) dropped 2%.
(END) Dow Jones Newswires
January 11, 2019 05:55 ET (10:55 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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