The FTSE 100 plunged 2.3% or 142 points to close at 6077 on Friday amid a general risk aversion sentiment due to mounting tensions between the US and China over the new security law for Hong Kong, coronavirus spread and trade. US President Trump is expected to make a statement on Friday regarding the American response to the Hong Kong law. Also, the British government announced it would extend Hong Kong residents visa rights if China does not back off on national security laws. On the week, the FTSE 100 gained 1.4%, bringing the gain for the month of May to 3%.
Historically, the UK FTSE 100 Stock Market Index reached an all time high of 7903.50 in May of 2018. UK FTSE 100 Stock Market Index - data, forecasts, historical chart - was last updated on May of 2020.
The UK FTSE 100 Stock Market Index is expected to trade at 6057.73 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 5711.79 in 12 months time.