Major European shares closed deep in the red on Friday, after latest data published by Markit Economics renewed fears of global economic growth: Germany posted the steepest contraction in factory activity since August of 2012 and the Japanese one contracted the most in two-and-a-half years. Also, the US manufacturing activity growth slowed the most in 21 months. The DAX 30 fell 186 points, or 1.6%, to 11,364; the FTSE 100 dropped 148 points, or 2% to 7,208; the CAC 40 lost 109 points, or 2%, to 5,270; the IBEX 35 retreated 156 points, or 1.7%, to 9,199; and the FTSE MIB declined 138 points, or 0.7%, to 18,911. 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 7001.01 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 6778.80 in 12 months time.