FTSE 100 LIVE: London markets higher after week of records for indices
London's premier index headed past the symbolic 9,000 threshold earlier in the week, and was trading just below that mark on Friday.
Over in the US, the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) vaulted to their latest records on fresh signs of strength in the US economy.
Investors were buoyed Thursday by a softening on jobless claims and stronger-than-expected retail sales, with little indication that president Donald Trump's tariffs are so far affecting consumer spending habits.
Meanwhile, digital assets also rallied, with fresh all-time highs for bitcoin (BTC-USD) as investors cheered more crypto-friendly regulation being proposed in the US. Bitcoin traded above $122,000 for the first time.
The FTSE 100 rose 0.1% after the opening bell. Reckitt Benckiser (RKT.L) was among the top risers in the index as it said it has agreed a deal to sell its Cillit Bang business for $4.8bn (£3.6bn).
The DAX (^GDAXI) in Germany gained 0.4%.
Over in France, the CAC 40 (^FCHI) was also up 0.4%, and the STOXX 600 (^STOXX) headed 0.3% into the green.
Here's the Netflix chart
Netflix stock dips despite better than expected quarter
Dan Coatsworth, investment analyst at AJ Bell, ss
Bang and the business is gone: Reckitt sells Cillit and Calgon arm
Household goods giant Reckitt Benckiser has agreed a deal worth up to $4.8bn (£3.6bn) to sell its majority stake in its Cillit Bang and Calgon arm.
Private equity firm Advent International will buy a 70% stake in Reckitt's essential home cleaning products business, which also includes brands such as Air Wick, Woolite, Resolve, Sole and Easy-Off, as well as around 75 other brands across more than 70 markets.
Reckitt will keep a 30% stake in the essential home business after the sale, with up to $1.3bn dollars (£968m) deferred under the deal.
The firm will also book around $800m (£596m) in costs for splitting out the essential home division from the rest of the business.
It expects to complete the deal by the end of the year.
Here's the US stock futures chart
US stock futures rise
US stock futures tipped higher on Friday after the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) vaulted to their latest records on fresh signs of strength in the US economy.
Dow Jones Industrial Average futures (YM=F) rose 0.2%. Futures tied to the S&P 500 (ES=F) were up 0.2%, while those on the tech-heavy Nasdaq (NQ=F) climbed 0.2%.
The tech-heavier indexes clinched records Thursday, part of a record-setting run as Wall Street turned bullish in the second quarter. Investors were buoyed Thursday by a softening on jobless claims and stronger-than-expected retail sales, with little indication that President Trump's tariffs are so far affecting consumer spending habits.
Read more on Yahoo Finance
Good morning!
Hello from London. The calendar is not very busy in terms of economic events today, but earnings season is in full swing again — here's what we're watching:
American Express (AXP) Q2 report
Charles Schwab (SCHW) Q2 report
Others here.
Let's get to it.
Here's the Netflix chart
Netflix stock dips despite better than expected quarter
Dan Coatsworth, investment analyst at AJ Bell, ss
Dan Coatsworth, investment analyst at AJ Bell, ss
Bang and the business is gone: Reckitt sells Cillit and Calgon arm
Household goods giant Reckitt Benckiser has agreed a deal worth up to $4.8bn (£3.6bn) to sell its majority stake in its Cillit Bang and Calgon arm.
Private equity firm Advent International will buy a 70% stake in Reckitt's essential home cleaning products business, which also includes brands such as Air Wick, Woolite, Resolve, Sole and Easy-Off, as well as around 75 other brands across more than 70 markets.
Reckitt will keep a 30% stake in the essential home business after the sale, with up to $1.3bn dollars (£968m) deferred under the deal.
The firm will also book around $800m (£596m) in costs for splitting out the essential home division from the rest of the business.
It expects to complete the deal by the end of the year.
Household goods giant Reckitt Benckiser has agreed a deal worth up to $4.8bn (£3.6bn) to sell its majority stake in its Cillit Bang and Calgon arm.
Private equity firm Advent International will buy a 70% stake in Reckitt's essential home cleaning products business, which also includes brands such as Air Wick, Woolite, Resolve, Sole and Easy-Off, as well as around 75 other brands across more than 70 markets.
Reckitt will keep a 30% stake in the essential home business after the sale, with up to $1.3bn dollars (£968m) deferred under the deal.
The firm will also book around $800m (£596m) in costs for splitting out the essential home division from the rest of the business.
It expects to complete the deal by the end of the year.
Here's the US stock futures chart
US stock futures rise
US stock futures tipped higher on Friday after the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) vaulted to their latest records on fresh signs of strength in the US economy.
Dow Jones Industrial Average futures (YM=F) rose 0.2%. Futures tied to the S&P 500 (ES=F) were up 0.2%, while those on the tech-heavy Nasdaq (NQ=F) climbed 0.2%.
The tech-heavier indexes clinched records Thursday, part of a record-setting run as Wall Street turned bullish in the second quarter. Investors were buoyed Thursday by a softening on jobless claims and stronger-than-expected retail sales, with little indication that President Trump's tariffs are so far affecting consumer spending habits.
Read more on Yahoo Finance
US stock futures tipped higher on Friday after the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) vaulted to their latest records on fresh signs of strength in the US economy.
Dow Jones Industrial Average futures (YM=F) rose 0.2%. Futures tied to the S&P 500 (ES=F) were up 0.2%, while those on the tech-heavy Nasdaq (NQ=F) climbed 0.2%.
The tech-heavier indexes clinched records Thursday, part of a record-setting run as Wall Street turned bullish in the second quarter. Investors were buoyed Thursday by a softening on jobless claims and stronger-than-expected retail sales, with little indication that President Trump's tariffs are so far affecting consumer spending habits.
Read more on Yahoo Finance
Good morning!
Hello from London. The calendar is not very busy in terms of economic events today, but earnings season is in full swing again — here's what we're watching:
American Express (AXP) Q2 report
Charles Schwab (SCHW) Q2 report
Others here.
Let's get to it.
Hello from London. The calendar is not very busy in terms of economic events today, but earnings season is in full swing again — here's what we're watching:
American Express (AXP) Q2 report
Charles Schwab (SCHW) Q2 report
Others here.
Let's get to it.
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