European stocks traded higher on Wednesday morning, as investors await Fed’s meeting minutes later in the day and with industrial shares among the best performers. Gains come despite persistent recession fears after US President Trump admitted that tariffs against Chinese goods may cause harm to the economy. Meanwhile, investors will be monitoring Italian markets as investors await for Italian President Mattarella decision on whether hold fresh elections after the resignation of Prime Minister Conte on Tuesday. The FTSE 100 rose 0.4%; the DAX 30 went up 0.4%; the FTSE MIB increased 1.3%; the CAC 40 advanced 0.7%; and the IBEX 35 gained 0.8% around 08:30 AM London time. Historically, the UK FTSE 100 Stock Market Index reached an all time high of 7903.50 in May of 2018 and a record low of 986.90 in July of 1984.
UK FTSE 100 Stock Market Index is expected to trade at 7141.10 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 6926.84 in 12 months time. The FTSE 100 Index is a major stock market index which tracks the performance of 100 most capitalized companies traded on the London Stock Exchange. FTSE 100 companies represent about 80 percent of the entire market capitalization of the London Stock Exchange
