FTSE 100 Climbs Led By Miners And Banks

RTTNews | hace 869
FTSE 100 Climbs Led By Miners And Banks

(RTTNews) - U.K. stocks traded higher for a fourth day running on Thursday, with miners and banks leading the surge amid easing banking fears and expectations that central banks may take a softer stance on raising interest rates.

The benchmark FTSE 100 was up 51 points, or 0.7 percent, at 7,615 after rallying 1.1 percent on Wednesday.

Miners Anglo American, Antofagasta and Glencore rose 1-2 percent while oil & gas firms BP Plc and Shell both rose about 1 percent.

Lenders Lloyds Banking and Barclays climbed 2-3 percent.

Petrofac shares soared 67 percent. The energy services firm and technology group Hitachi Energy have sealed a €13bn ($14.1bn) framework deal with Dutch-German transmission system operator TenneT to supply offshore platforms and onshore converter stations.

Online greeting cards and gift retailer Moonpig jumped 18 percent after backing its full-year guidance.

read more
U.S. Business Inventories Rise In Line With Estimates In June

U.S. Business Inventories Rise In Line With Estimates In June

A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.
RTTNews | hace 52 minutos
U.S. Consumer Sentiment Unexpectedly Deteriorates In August

U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.
RTTNews | hace 1h 9min
U.S. Industrial Production Pulls Back Slightly In July

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.
RTTNews | hace 1h 38min
New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.
RTTNews | hace 2h 3min
U.S. Import Price Growth Exceeds Estimates In July

U.S. Import Price Growth Exceeds Estimates In July

The Labor Department released a report on Friday showing import prices in the U.S. increased by more than expected in the month of July. The report said import prices climbed by 0.4 percent in July after a downwardly revised 0.1 percent dip in June. Economists had expected import prices to inch up by 0.1 percent, matching the 0.1 percent uptick originally reported for the previous month.
RTTNews | hace 2h 37min
U.S. Retail Sales Climb 0.5% In July, In Line With Estimates

U.S. Retail Sales Climb 0.5% In July, In Line With Estimates

A report released by the Commerce Department on Friday showed retail sales in the U.S. increased in line with economist estimates in the month of July. The Commerce Department said retail sales climbed by 0.5 percent in July after jumping by an upwardly revised 0.9 percent in June.
RTTNews | hace 3h 10min