FTSE Top Performing Euro Market

The FTSE 100 missed out on enjoying five straight weeks of gains, but it still has enough positive momentum that it has secured its place as the best-performing major market in Europe so far this month.

shareprices.com - Saturday, October 21, 2017

Printable version email to a friend Subscribe to shareprices.com newsfeed

The UK’s leading index ended the day down slightly on Friday, but still has gains of two percent for October - outperforming Frankfurt’s Dax with gains of 1.3 percent, and the French CAC 40, with gains of less than one percent. It also outperformed the pan-regional Euro Stoxx, which currently has gains of just 0.3 percent.

Earnings are a major booster for the FTSE 100, with earnings per share trends for the index being on a par with other equities. Friday’s trading was flat, causing the market to end down by just 0.16 percent on the week, but there were some positive stories in the index. Pearson’s third quarter update helped the education publisher gain 9.5 percent, as it said that it was expecting to see profits in the upper half of guidance.

Pearson’s business in North America has seen several ‘recoveries’ that turned out to be overly optimistic, however investor sentiment is still generally positive towards the company as it is looking to move more towards online services instead of focusing on purely paper textbooks. Improvements to its courseware service could be enough to spark a lasting recovery, and sustain the business for many years to come.

International Airlines Group was another business that made some gains, as analysts raised their earnings targets for the year, following positive updates from other rival airlines.


Latest News

FTSE 100 Latest

7,411.3421.88  % rise