CAC 40

Today's data summary

Market open
% change
+1.00%
Value
5313.29
Change
+52.65
As of 15:13 26 Mar 2019

Latest updates

FTSE slides

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The FTSE 100 is now down 54 points - around 0.75% - at 7,300.

Indices across Europe are also lower. In Germany, the Dax is down 0.6% and the French index the Cac is off 0.8% after that PMI data mentioned earlier.

US-China trade talk hopes lift European stocks

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Major stock markets across Europe are trading higher on hopes that the US and China will reach an agreement over trade.

Representatives from the world's two largest economies are holding two days of talks aimed at easing tensions which have seen both nations implement tit-for-tat tariffs on each other's exports.

In London, the FTSE 100 rose by nearly 1% to 6,874.95.

In Germany, the DAX is ahead 0.83% at 10,836.92 while in France, the CAC-40 is up 1.46% at 4,788.15.

Connor Campbell, at analyst at Spreadex, said: "The main driver of this optimism appears to be the ongoing trade talks between the US and China in Beijing.

"Not that there is anything too substantial to justify such positivity, but rather a lack of mood-dampening comments has green-lit an early European rebound."

On Monday evening, US Commerce Secretary Wilbur Ross reckoned that America and China could reach a deal that "we can live with".

European shares still doing well

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Europe's stock markets have come off their earlier highs but are still performing strongly thanks to signs of a thaw in the US-China trade spat.

The FTSE 100 is currently up 118.75 points, or 1.70%, at 7,098.99.

In France, the Cac 40 is 51.02 points, or 1%, higher at 5,054.94, while Germany's Dax is up 247.79 points, or 2.2%, at 11,505.03.

FTSE slips on weak Chinese data

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The London market is back at 7,000 after China's manufacturing sector reported its weakest growth in two years on Friday morning.

As world leaders gather in Argentina for the G20 summit, the FTSE 100 slipped 0.8% as shares in miners such as Rio Tinto, Anglo American and Antofagasta slumped.

Connor Campbell of Spreadex says a slowdown in China’s manufacturing sector is not that surprising given the country’s trade war with the US.

"That puts even more pressure on President Xi Jinping to try and move in the right direction with [Donald] Trump in Buenos Aires, something that seems like a huge ask given the latter’s bellicose rhetoric this week."

Eurozone indices have moved in the same direction, with Germany's DAX and the French CAC both down 0.6%.

Europe heading lower

The major stock markets in Europe are on course to end the day lower as Italy's budget woes, international tensions with Saudi Arabia and disappointing company news out of the US all weigh on markets.

Germany's Dax stock market index is down more than 2% and the CAC in Paris is off more than 1.5%. Italy's stock market is off more than 1%.

The FTSE 100 index is 1.2%, or 85 points, lower at 6,957.27.

European markets head south

Olaf Scholz
EPA
Olaf Scholz

European markets have opened lower.

The benchmark FTSE 100 index is down 0.7% at 7,509, while the Dax in Frankfurt is down 0.6%, and the Cac 40 in Paris is down 0.2%.

Investors will be waiting for further news on the progress made in Brexit negotiations.

German finance minister Olaf Scholz just told a banking conference that it is "difficult to say" whether the EU will reach an agreement with Britain.

European markets make slight gains

London's FTSE 100 is the only one of the major European stock market indexes that isn't currently up on the day. The Cac 40 in Paris and Frankfurt's Dax are both trading a slender 0.08% higher, while Amsterdam's AEX and Madrid's Ibex are up 0.03% and 0.06% respectively.

FTSE treads water

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An hour into trading and the FTSE has made little progress. It's currently up 0.2% at 7,525.13.

It's a similar story in Europe with France's Cac 40 Index up 0.3% and Germany's Dax up 0.46%.

Spreadex analyst Connor Campbell says markets are taking a breather.

"A lack of news regarding the latest trade restrictions set to be announced by Trump – beyond Treasury Secretary Steven Mnuchin stating that the US isn’t punishing China specifically but ‘all countries’ trying to ‘steal’ American technology – allowed the markets a moment to take a breath after the bell."