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LSE:FTSE 21 December 2025

FTSE 100 Week Ahead: Holiday-Shortened UK Trading, GDP Revisions and a FTSE Index Shake-Up as London Shares Eye 10,000

FTSE 100 Week Ahead: Holiday-Shortened UK Trading, GDP Revisions and a FTSE Index Shake-Up as London Shares Eye 10,000

London’s stock market heads into Christmas week with a tailwind — and a warning label. The FTSE 100 finished Friday at roughly 9,897, within touching distance of its November record around 9,930, as a late-December “Santa rally” narrative gathered pace despite fresh evidence of a UK slowdown. The Guardian+2Reuters+2

Stock Market Today

  • Jefferies Starts MCX at Buy, Sees Shares Climbing 27% From Here
    July 1, 2026, 2:28 AM EDT. Jefferies kicked off coverage on Multi Commodity Exchange of India Ltd (MCX) with a Buy rating and set a price target at Rs 3,600-27% above the current Rs 2,841. MCX, though just a fifth the size of NSE by individual equity derivative traders, almost monopolizes non-agri commodity contracts. Jefferies projects a 20% CAGR in revenue to Rs 400 billion by FY29 and expects 22% annual EPS growth, with margins hitting 73%. The firm points to more retail activity and new mini contracts ahead for India's commodity derivatives market, where MCX already dominates. Shares trade at 46x FY27 P/E, below both U.S. and Asian comparables, so Jefferies sees the stock as undervalued for its growth.
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