FTSE 100 Extends Gains As Commodities Surge

RTTNews | Před 1134 dny
FTSE 100 Extends Gains As Commodities Surge

(RTTNews) - U.K. stocks advanced on Tuesday, with commodity-linked stocks leading the surge after China relaxed its COVID-19 quarantine mandate.

The relaxation of the country's 'zero-COVID' policy came after Beijing and Shanghai reported no new local COVID-19 infections for the first time in months.

The benchmark FTSE 100 rose 83 points, or 1.2 percent, to 7,341 after climbing 0.7 percent on Monday.

Anglo American, Antofagasta and Glencore rallied 1-3 percent as iron ore futures gained on optimism over improved demand from China, the world's second-biggest economy and top metals consumer.

Oil & gas firm BP Plc and Shell both jumped around 3 percent after Brent crude prices rose above $116.2 per barrel.

Energy services firm Petrofac gained nearly 4 percent. The company said it expects revenue for its Asset Solutions unit to be higher in the second half of the year, supported by strong order intake in the year to date.

read more
Eurozone Private Sector Continues To Expand

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.
RTTNews | Před 21 minutami
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.
RTTNews | Před 33 minutami
FTSE 100 Advances On Upbeat Earnings

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.
RTTNews | Před 1 h 1 min
Pound Rises As Traders Await BoE Monetary Policy Meeting

Pound Rises As Traders Await BoE Monetary Policy Meeting

The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.
RTTNews | Před 1 h 12 min
CAC 40 Modestly Higher

CAC 40 Modestly Higher

The French stock market is modestly higher Tuesday afternoon with investors mostly reacting to earnings updates and a mixed batch of regional economic data. Expectations of a rate cut by the Federal Reserve sometime soon aid sentiment a bit.
RTTNews | Před 1 h 33 min
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Tuesday.
RTTNews | Před 2 h 5 min
DAX Up Nearly 0.8%; Infineon Rises Sharply On Strong Earnings

DAX Up Nearly 0.8%; Infineon Rises Sharply On Strong Earnings

German stocks are up in positive territory on Tuesday, gaining for a second straight session, as investors continue to focus on earnings and other corporate news, even while continuing to follow the developments on the trade front ahead of new tariffs that come into force later in the week.
RTTNews | Před 2 h 6 min