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LONDON MARKET CLOSE: FTSE 100 closes little changed ahead of key week
- The FTSE 100 extended its winning streak to eleven consecutive days, closing slightly higher on Monday.
- Calm trading preceded a significant week of economic data releases and corporate earnings reports.
- The FTSE 250 and AIM All-Share also advanced, while US markets traded lower.
- Developments in the US-China trade war remained in focus, with US Treasury Secretary Scott Bessent urging China to de-escalate tensions.
- Entain led the FTSE 100 gainers, jumping 6.8% after positive results from its US joint venture, BetMGM.
- Deliveroo surged 17% on the FTSE 250 following a preliminary offer from DoorDash.
- Brent oil prices and gold traded higher, while the dollar fell against the pound and the euro.
- The economic calendar for Tuesday includes eurozone consumer confidence data and US trade figures.
- Several major UK companies are set to report results, including AB Foods, BP, AstraZeneca, and HSBC Holdings.
LONDON MARKET MIDDAY: Stocks still high after "weekend light on drama"
- London stock prices rose at midday on Monday, with gains in retailers and housebuilders.
- The FTSE 100, 250, and AIM All-Share indexes were all up, with the FTSE 100 approaching a full recovery from recent losses.
- The relief was attributed to a lack of drama over the weekend, but lingering uncertainty remains about tariffs and Trump's approach.
- Domestic-focused sectors performed well, including housebuilders and retailers.
- Deliveroo's shares rose 18% following a proposed takeover by DoorDash, but the market reaction was muted, suggesting skepticism about the deal's success.
- European equities were also up, with gains in the CAC 40 and DAX 40 indexes.
- The pound was higher against the dollar at midday, while the euro was lower.
- US stocks were expected to open lower, with updates on manufacturing, GDP, inflation, and jobs data expected later in the week.
- Asian markets were mixed, with the Nikkei 225 up 0.4% while the Shanghai Composite and Hang Seng index were down slightly.
- Oil prices were lower, while gold was quoted higher.
LONDON BROKER RATINGS: Berkeley and Advanced Medical Solutions raised
- FTSE 100
- UBS raises Berkeley Group Holdings to 'buy' (neutral) - price target 4,965 (5,385) pence
- Peel Hunt raises Antofagasta to 'add' (hold) - price target 1,860 (1,825) pence
- Citigroup cuts HSBC price target to 990 (1,070) pence - 'buy'
- Citigroup cuts Standard Chartered price target to 1,115 (1,250) pence - 'neutral'
- HSBC cuts AstraZeneca price target to 12,000 (13,720) pence - 'buy'
- Deutsche Bank Research raises BAE Systems price target to 1,900 (1,510) pence - 'buy'
- Goldman Sachs cuts Centrica price target to 186 (187) pence - 'buy'
- Goldman Sachs cuts WPP price target to 649 (655) pence - 'neutral'
- Barclays cuts WPP price target to 700 (780) pence - 'equal weight'
- UBS cuts WPP price target to 520 (580) pence - 'sell'
- UBS cuts Diageo price target to 2,650 (2,920) pence - 'buy'
- Jefferies cuts DiageMultiplier to 2,500 (2,800) pence - 'buy'
- JPMorgan raises Fresnillo price target to 1,450 (1,000) pence - 'overweight'
- Jefferies raises Coca-Cola HBC price target to 4,400 (3,750) pence - 'buy'
- Jefferies cuts St James's Place price target to 1,160 (1,266) pence - 'buy'
- Jefferies cuts Unilever price target to 3,600 (3,700) pence - 'underperform'
- FTSE 250
- Exane BNP cuts Inchcape to 'neutral' (outperform) - price target 725 (975) pence
- Deutsche Bank Research starts Sirius Real Estate with 'buy' - price target 110 pence
- RBC starts Qinetiq with 'sector perform' - price target 450 pence
- RBC starts Chemring with 'outperform' - price target 500 pence
- UBS cuts Victrex price target to 780 (1000) pence - 'sell'
- JPMorgan cuts Man Group to 'neutral' (overweight) - price target 167 (242) pence
- Morgan Stanley cuts Burberry price target to 825 (1,125) pence - 'equal-weight'
- RBC cuts Asos price target to 400 (450) pence - 'sector perform'
- RBC cuts PageGroup price target to 385 (445) pence - 'outperform'
- RBC cuts Hays price target to 100 (105) pence - 'outperform'
- JPMorgan raises Hochschild Mining target to 430 (300) pence - 'overweight'
- SMALL CAP
- Stifel raises Advanced Medical Solutions to 'buy' (hold) - price target 245 pence
- RBC starts Cohort with 'outperform' - price target 1,570 pence
- RBC cuts Ceres Power price target to 90 (110) pence - 'sector perform'
LONDON MARKET OPEN: Stocks green after quiet weekend on tariffs
- London stock prices opened higher on Monday, with the FTSE 100, FTSE 250, and AIM All-Share all posting gains.
- Senior BRICS diplomats are set to meet in Brazil to discuss US President Donald Trump's aggressive trade policies and their potential impact.
- The Cboe UK 100, Cboe UK 250, and Cboe Small Companies indexes also saw increases.
- Entain led the FTSE 100 with a 3.4% rise, while Marks & Spencer experienced a 2.4% drop after pausing online orders due to a cyber incident.
- Deliveroo surged 16% in the FTSE 250 following a takeover proposal from DoorDash, while North Atlantic Smaller Cos Investment Trust fell 3.1%.
- Petro Matad, a Mongolia-focused oil company, led AIM with a 36% rise after signing an oil sales agreement for crude oil from Block XX.
- Feedback, a clinical infrastructure company, lost 21% due to expected revenue decreases and uncertainties in the NHS.
- European equities were also positive, with the CAC 40 and DAX 40 up 0.5% and 0.4%, respectively.
- Asian markets were mixed, with the Nikkei 225 up 0.4%, while the Shanghai Composite and Hang Seng index posted slight declines.
- Wall Street ended higher on Friday, and analysts noted the lack of surprises from the US over the weekend, providing some optimism for the market.
- However, trade news remains concerning, with potential impacts on cargo shipments and prices of Chinese goods in the US.
- Brent oil prices quoted lower, while gold prices rose slightly.
- The US Dallas Fed manufacturing index is still to come on Monday's economic calendar.
LONDON MARKET EARLY CALL: FTSE 100 edges to red after growth warnings
- London stocks are predicted to open slightly lower on Monday, with the FTSE 100 expected to open down by 1.3 points.
- This follows a forecast by EY Item Club, which suggests that US tariffs could negatively impact UK economic growth.
- The report highlights the direct impact on UK goods exports to the US, as well as the indirect effects on global economic conditions and consumer confidence.
- Sterling and the euro are both up against the US dollar, while the yen is down.
- Wall Street saw gains on Friday, with the Dow, S&P 500, and Nasdaq all ending the day higher.
- Asian markets are mixed on Monday, with the Nikkei 225 and S&P/ASX 200 up, while the Shanghai Composite is down and the Hang Seng is relatively flat.
- Gold prices have risen, while Brent oil prices have dipped slightly.
- Full-year results are expected from AOTI, Elixirr International, and Frenkel Topping on Monday.
- The US Dallas Fed manufacturing index is due for release at 10:30 EDT.
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