FTSE 100 Rises As US Recession Worries Ease
(RTTNews) - U.K. stocks advanced on Friday as positive weekly jobless claims data eased some of worries of a recession in the world's largest economy.
Also, a measure of China's consumer price inflation surged to a five-month high, providing much-need positive news on the world's second-largest economy.
The benchmark FTSE 100 was up 55 points, or 0.7 percent, at 8,201 after declining 0.3 percent on Thursday.
Revolution Bars Group soared more than 16 percent. The troubled bar firm has secured a High Court's judge approval for its restructuring plan.
Bellway rallied nearly 3 percent. The housebuilder expects to return to growth in fiscal 2025 if market conditions remain stable.
Hargreaves Lansdown climbed 2.3 percent. The investment platform has agreed to a 5.44 billion-pound ($6.94 billion) takeover by a consortium backed by private equity firm CVC Capital Partners.
European Shares Set To Follow Wall Street Lower
Japan Private Sector Growth Weakest In 4 Months
Sensex, Nifty Extend Losses For Fourth Day
Australian Market Doubles Early Losses In Mid-market
Asian Markets Track Wall Street Lower
Sensex, Nifty Seen Lower On Weak Global Cues
Losing Streak May Continue For Thai Stock Market
