The FTSE 100 traded lower on Thursday and trimmed Wednesday’s gains amid ongoing concerns about the omicron variant of the coronavirus and holiday season demand for technology goods. Apple has warned its suppliers that it may not materialize all of its orders because demand for the new iPhone 13 has weakened. On the pandemic front, the new strain continued to spread globally, with cases recently found in the US and also South Korea, while the UK has signed a deal with Pfizer and Moderna for 114 million vaccines. On corporate news, AI cybersecurity Darktrace and chemicals group Johnson Matthey are set to lose their spots in the FTSE 100 to be replaced by veterinary medicines maker Dechra Pharmaceuticals and industrial products supplier Electrocomponents.
Historically, the United Kingdom Stock Market Index (GB100) reached an all time high of 7903.50 in May of 2018. United Kingdom Stock Market Index (GB100) - data, forecasts, historical chart - was last updated on December of 2021.
The United Kingdom Stock Market Index (GB100) is expected to trade at 6867.60 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 6436.01 in 12 months time.