The FTSE 100 gained 78 points, or 1% to 7,586 on Friday, after hitting its lowest level since mid-December in the previous session, on the back of surprisingly good Purchasing Managers’ Index data. Britain's private sector activity rebounded sharply from December's contraction as services sector grew the most in over a year and manufacturing declined the least in nine months. Auto Trade Group was among the best performers, after announcing that it has bought back 171,000 shares in the market at an average of 582.65p. For the week, however, the FTSE 100 was down 1.3% amid fears of spreading of a new Chinese coronavirus.
Historically, the UK FTSE 100 Stock Market Index reached an all time high of 7903.50 in May of 2018.
The UK FTSE 100 Stock Market Index is expected to trade at 7490.28 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 7272.42 in 12 months time.