skip to Main Content
Get your free daily newsletter: Actionable insight every morning for the self-directed investor. 
Join

With the majority of its oil and mining stocks in the red the FTSE struggled for momentum this Black Friday.

The UK index has trickled around 0.1% lower, a 1% decline from Brent Crude (which now sits under $48.50 per barrel) dragging with it BP and Shell. The pound, meanwhile, managed to recover from its early losses against the dollar to climb back to $1.245; it didn’t have as much luck against the embattled euro, where it continued to trade around 0.4% lower. It seems that investors took the UK’s latest GDP reading in their stride, unfussed by further confirmation that the country grew by 0.5% in the third quarter.

Over in the Eurozone the euro strived to avoid parity with the dollar, taking nearly half a percent off the greenback to lift back towards $1.06. The region’s indices were less energetic this morning, both the DAX and CAC dipping 0.1% lower as the day went on.

Things could perk up a bit this afternoon, with the Dow Jones likely on track to hit another all-time peak at some point during the session. Freshly stuffed following Thanksgiving, the futures are suggesting the US index will cross the 19100 mark after the bell, a remarkable feat not only because it follows the shocking US election result, but because it comes around 3 weeks before an increasingly certain rate hike from the Federal Reserve.

Become a better investor with SharePad Designed to give you the confidence to pick your own investments, Sharepad gives you access to a wealth of information on UK, US & European stocks. Find out more

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Connor Campbell

Connor Campbell

Connor joined Spreadex in 2014 as part of a newly expanded financial analyst team after graduating from the University of Southampton with an MA in English. His focus is on providing Spreadex's customers with up-to-date and informative news, and is responsible for the market analysis found on the Spreadex website.

Connor produces three daily market updates, a daily stock earnings preview, a weekly financial market preview piece every Friday, a round-up of all the big financial stories making the weekend press every Monday morning and regular stock market features.

Stocks in Focus

Here are some of the smaller companies we are following most closely. They all represent significant growth stories in our view. Our in-depth reports go into more detail on why we like them.

Comments


Get your free daily newsletter: Actionable insight every morning for the self-directed investor. 
Join

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Pepperstone
FP Markets
IG
Spreadex
Trade Nation
WisdomTree
ActivTrades
Back To Top