The market spotlight over the coming week would be on the US central bank's policy decision on Thursday.
European shares were mostly higher on Friday as banking stocks fell out of favour and despite the eurozone defying expectations that it would enter recession due to the Ukraine war and higher energy prices.
London stocks reversed course to finish the month of April on a positive note, despite the selling centred on lenders' shares after first-quarter earnings from NatWest failed to impress.
The FTSE 100 ended the week down 43. 53 points, or by 0. 55%, closing at 7,870. 57 on Friday.
China's Politburo said that expanding demand was crucial to sustaining the current recovery.
Personal incomes grew a tad more quickly than expected during the previous month, but spending was unchanged.
US consumer sentiment was little changed in April, according to a survey released on Friday by the University of Michigan.
Learning Technologies Group's chief financial officer, Kath Kearney-Croft, picked up some shares in the digital learning outfit.
Employment costs for civilian workers in the US picked up a little at the start of 2023.
Shares in NatWest fell in early London trade despite the UK bank reporting better-than-expected first-quarter profit driven by higher interest rates, although there was a sharp drop in deposits as customers chased better rates as incomes were squeezed by rising inflation.
London’s FTSE 100 was up 0. 3% at 7,857. 51 in afternoon trade on Friday.
Specialist engineer Rotork said it expected adjusted operating profit to be slightly ahead of expectations driven by strong order intake.
FTSE 250: 19,373. 11 +0. 65%.
Deutsche Bank initiated coverage of homeware retailer Dunelm on Friday with a ‘buy’ rating and 1,313p price target, arguing that the recent de-rating is a buying opportunity.
Wall Street got off to a slightly lower start but then moved quickly into the green as investors digested a raft of economic data, including several key readings on inflation.
German inflation fell a little more than expected in April, according to preliminary figures released on Friday by Destatis.
Renishaw downgraded its full-year outlook on Friday amid lower demand from the semiconductor and electronics sectors.
ExxonMobil posted record first-quarter earnings on Friday amid higher output.
A group of heavyweight trade associations are in discussions to fill the gap left by the crisis engulfing the CBI, it was reported on Friday.
Profits and income both jumped at the Co-operative Bank as it became the latest lender to benefit from higher interest rates and borrowing costs.
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