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The FTSE 100 is backed by a record low in consumer confidence

The FTSE 100 rose 2.6% on Friday at 7,208.8, regaining its background during the turbulent market week.

UK stocks have had disastrous performance for investors as markets have countered rising inflation and the outlook for a central bank recession in the first half of 2022.

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Lasmold, AJ Bell’s investment director, said:

“Only 59 socks from the FTSE 350 Index are currently experiencing rising stock prices year after year.”

“The range of market sellouts becomes apparent when we delve into the fallen data. Over 100 stocks in the index, including some names that were market darlings until this year, have stock prices. It has fallen by more than 30%. “

Surprisingly, retail stocks Consumer confidence hits record lows According to minus 40 points Growth from knowledge (GfK) Investigation. JD Sports Fashion’s share price rose 4.2% to 119.1p, and Next’s share price rose 1.7% to 5,982p.

Clothing stands out as one of the few categories found in the latest retail sales report, with consumer spending up 2.2% last month.

Food sales fell 1.6% in May, but as a result, supermarket inventories could not be delayed. Tesco stocks rose 3.5% to 255.4p, B & M stocks rose 2.1% to 385.4p, Sainsbury’s stocks rose 3% to 210.8p, and Ocado stocks rose 1.7% to 870.6p.

Barclays

Barclays shares rose 3.1% to 158.9p after the banking group confirmed the acquisition of a mortgage expert. £ 2.3bn Kensington Mortgage Company..

The acquisition said the acquisition could expand its mortgage structure to expand its offerings across the UK mortgage market, increase customer numbers and optimize its UK funding base.

“This transaction strengthens our commitment to the UK mortgage market and provides an exciting opportunity to expand our product range and capabilities,” said Matt Hammerstein, UK CEO of Barclays Bank. I am.

“The KMC mortgage portfolio will grow through the ongoing formation of new mortgages, so this transaction should generate attractive returns for Barclays in the medium term.”

“We look forward to KMC’s management and employees becoming part of the Barclays Group.”



The FTSE 100 is backed by a record low in consumer confidence

Source link The FTSE 100 is backed by a record low in consumer confidence

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