The focus in the coming week will continue to be on the ebb and flow of data out of the US, including Republicans' progress on securing passage of their tax cuts.
The top flight index recovered some ground on Friday, but mostly on account of weakness in Sterling after German Chancellor Angela Merkel reportedly echoed other European Union officials, saying "the most difficult phase is ahead of us".
The FTSE 100 finished the week up 90. 09 points, or 1. 22%, at 7,490. 57.
Wall Street is heading higher again on Friday amid news that Republicans were tweaking their proposed tax cuts in order to secure prompt passage of the US tax bill.
The Federal Communications Commission has voted to revoke net neutrality legislation introduced by Barack Obama in order to limit the power of large telecoms firms.
Republican Senator Lindsey Graham puts the odds of the Trump administration ordering an attack on North Korea if it performs another nuclear test at 70%.
The chief executive of French planemaker Airbus will step down from his position in 2019 as the company announced a major shake-up of its management team.
London’s FTSE 250 was up 0. 1% to 20,023. 23 in afternoon trade on Friday as the Christmas lull kicked in.
Industrial production in the States rose slightly less quickly than expected last month, despite higher output of business equipment and materials.
Diversified mineral production and development company Strategic Minerals announced on Friday that, after the successful completion of technical and financial due diligence on the Leigh Creek Copper Mine company, it has agreed to continue with the acquisition on renegotiated terms.
London’s FTSE 100 was up 0. 3% to 7,469. 23 in quiet afternoon trade on Friday.
International esports entertainment group Gfinity has been named as a preferred event partner to Microsoft for the forthcoming ‘Halo World Championship 2018’ for the next season, it announced on Friday.
Hutchison China MediTech, known as Chi-Med, has initiated the United States Phase I bridging clinical trial of fruquintinib, it announced on Friday.
Solid oxide fuel cell technology developer Ceres Power Holdings updated the market on its trading ahead of the end of the six month period to 31 December on Friday.
Independent alcohol wholesaler and distributor of alcohol and impulse products Conviviality announced on Friday that its wholly-owned subsidiary Bargain Booze has offered to acquire the business and assets of 109 convenience stores, and the rights as franchisor of a further 18 franchisee-operated stores trading under the fascia 'Central Convenience'.
Respin, a wholly-owned subsidiary of Nektan, has reached an agreement with Seven Feathers Casino Resort in Oregon.
European Union leaders have agreed to start the next phase of Brexit negotiations on Friday, having given Prime Minister Theresa May's overnight speech a warm reception.
Luxembourg is mounting a challenge to an EU ruling which ordered it to collect €250m in unpaid taxes from US tech giant Amazon.
A widely-followed gauge of factory sector conditions in the jurisdiction of the Federal Reserve Bank of New York dipped in December, just as expected by economists.
Barclays: Investec downgrades to hold with a target price of 215p.