The FTSE 100 closed about 1.4% up at 8,262 on Friday, a level not seen since late October and extending gains for the second session. Traders closely monitored economic data, including flash PMI surveys and corporate updates while also assessing geopolitical risks. Concerning the UK economy, the latest data showed an improvement in consumer confidence, while the private sector showed an unexpected contraction, and retail sales fell more than expected. On the corporate front. UK-listed international firms such as Astrazeneca, Unilever and Reckitt Becksinger were among the top performers, benefiting from a weaker pound. Conversely, banking stocks were the biggest laggards, weighed down by gloomy PMI data. For the week, the FTSE 100 gained about 2.5%, notching its biggest weekly gain in more than six months.
The main stock market index in the United Kingdom (GB100) increased 529 points or 6.84% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from United Kingdom. Historically, the United Kingdom Stock Market Index (GB100) reached an all time high of 8478.70 in May of 2024. United Kingdom Stock Market Index (GB100) - data, forecasts, historical chart - was last updated on November 23 of 2024.
The main stock market index in the United Kingdom (GB100) increased 529 points or 6.84% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from United Kingdom. The United Kingdom Stock Market Index (GB100) is expected to trade at 8183.37 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7952.04 in 12 months time.