Friday, May 19: FTSE indices were back in the green today after a couple of days in the red, as Investors were given food for thought regarding Trump’s actions. This puts the FTSE 100 +0.48%, and the FTSE 250 +0.25% for the week, recovering losses seen over Wednesday and Thursday. The FTSE 100(+0.46%) had a leg up from miners once more this week, along with a slew of consumer stocks, seemingly buoyed by improved retail data that was reported yesterday.
The UK saw no further data releases today, so we turn our focus to the continent as the latest eurozone current account data was released. This comes ahead of a busy week of eurozone PMI data next week. The eurozone has had a stronger start to the year than most, so investors will be keen to appraise fresh numbers, and any implication for the ECB’s stimulus program. The euro area’s account surplus was noted as narrowing in March from February’s peak, data from the ECB used. The surplus fell to €34.1bn in March from a marginally revised 37.6bn in February. In the year to March, the eurozone’s cumulative March surplus rose to 3.4% of gross domestic product from 3.3% a year earlier.
Across Europe, indices were up as the FTSE 100 closed +0.46%, the CAC 40 +0.66% and the DAX +0.66%.