Major European stock markets ended moderately in the green on Monday, led by Philips shares (+5%) after the tech company reported a stronger-than-anticipated 6% rise in comparable sales for the second quarter. The DAX 30 gained 29 points, or 0.2% to 12,289; the FTSE 100 rose 6 points, or 0.1% to 7,515; the CAC 40 climbed 15 points, or 0.3% to 5,567; and the FTSE MIB went up 94 points, or 0.4% to 21,736; while the IBEX 35 lost 7 points, or 0.1% to 9,164. Historically, the UK FTSE 100 Stock Market Index reached an all time high of 7877.45 in May of 2018 and a record low of 427.50 in February of 1978.
The UK FTSE 100 Stock Market Index is expected to trade at 7351.37 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7133.06 in 12 months time.