FX.co ★ FTSE 100 Edges Up on Friday

On Friday, the FTSE 100 index showed impressive performance, surpassing weaker European markets, attributed largely to gains within the energy and mining sectors. EasyJet emerged as the leading advancer following an upgrade by Bernstein to 'outperform.' This decision was based on the airline's attractive valuation and positive industry attributes such as restricted capacity growth. Conversely, Whitbread's shares plummeted by up to 8% after Bernstein downgraded it to 'underperform,' while Burberry experienced a decline post-JPMorgan's reduction to 'underweight,' citing that the market's anticipation for improvement may be overly ambitious. In recent economic data, UK car production experienced a 23.8% year-on-year decrease in October, following a cyberattack that disrupted Jaguar Land Rover's operations for over two weeks. For the week, the FTSE 100 rose approximately 1.7%, though for November, it remained roughly stable, pausing after four consecutive months of gains.