The U.K.’s FTSE 100 index was on track to break a six-day losing streak on Monday, with Vodafone Group PLC boosting the benchmark after merger news and with mining firms tracking metals prices higher.
The FTSE 100 index advanced 0.4% to 6,556.11, following a weak sentiment last week. The benchmark on Friday closed with the biggest weekly loss since June last year, while the six days mired in the red marked the longest losing run since November 2011.
Europe's week ahead: U.K. budget and euro-zone data in FocusEuro-zone inflation data next week is likely to take on increased significance after ECB President Mario Draghi signaled a willingness to consider additional stimulus in the face of rising deflationary pressures and a strong euro.
In Monday’s trade, heavyweight Vodafone helped lift the FTSE, rising 1.4% after the telecoms firm reached an agreement to buy Spanish cable operator Ono SAfor just over 7 billion euros ($9.7 billion), including debt. The deal follows weeks of negotiations and will be announced later on Monday, according to people familiar with the matter.Miners were also among major advancers, as most metals prices managed to push higher.
The FTSE 100 index advanced 0.4% to 6,556.11, following a weak sentiment last week. The benchmark on Friday closed with the biggest weekly loss since June last year, while the six days mired in the red marked the longest losing run since November 2011.
Europe's week ahead: U.K. budget and euro-zone data in FocusEuro-zone inflation data next week is likely to take on increased significance after ECB President Mario Draghi signaled a willingness to consider additional stimulus in the face of rising deflationary pressures and a strong euro.
In Monday’s trade, heavyweight Vodafone helped lift the FTSE, rising 1.4% after the telecoms firm reached an agreement to buy Spanish cable operator Ono SAfor just over 7 billion euros ($9.7 billion), including debt. The deal follows weeks of negotiations and will be announced later on Monday, according to people familiar with the matter.Miners were also among major advancers, as most metals prices managed to push higher.