On October 25, Rishi Sunak officially received the commission from King Carlos III to form a government in the UK. The new ruler received the FTSE-100 index at 7,014 points, with which it already registers a gain of 5.5%.
The London Stock Market touched its lowest level a month ago when it closed its main index at 6,826 points, a level that had not been recorded for 17 months. Yesterday the FTSE-100 index gained 0.92%, reaching 7,385 integers.
European markets started the trading week on the right foot, reassured by signs of détente between USA and China after the bilateral meeting in Bali between US President Joe Biden and his Chinese counterpart, Xi Jinping. LThe Frankfurt stock market gained 0.62%, that of Paris 0.22%, helped by the health sector. For its part, the Madrid Ibex-35 ended with a rise of 0.84%.
In the London parquet The distribution firm Ocado Group led the gains, advancing 14%, while the publisher Informa rose 5.75%, the retailer B&M European Value Retail 4.62%, the teleco BT Group 4.30% and the insurance group Admiral 3.62%.
On the contrary, the energetic Harbor Energy led the losses, down 9.63%, investor Intermediate Capital Group fell 3.64%, student accommodation company Unite Group 2.47%, London Stock Exchange Group stock manager 2.41% and the bookmaker Flutter Entertainment 2.06%.
The British economy announced last week a negative growth of 0.2% in the third quarter, compared to a rise of 0.2% in the previous quarter. Manufacturing activity dipped from July to September, but the service sector was flat.
The New York Stock Exchange, for its part, ended lower on Monday when the market saw the momentum of last Thursday and Friday deflate, two days of strong rises on Wall Street.
the dow jones yielded 0.62%, the technology index nasdaq lost 1.12% and the index expanded S&P 500 0.89%
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