FTSE 100 Gains As Oil Prices Jump On Fears Of Supply Disruption

RTTNews | 582 days ago
Stocktwits
FTSE 100 Gains As Oil Prices Jump On Fears Of Supply Disruption

(RTTNews) - U.K. stocks edged higher on Tuesday as higher oil prices boosted energy stocks. The benchmark FTSE 100 was up 20 points, or 0.3 percent, at 7,753.

BP Plc rose about 1 percent and Shell added half a percent as oil prices jumped nearly 2 percent on fears of supply disruption amid the attacks in the Red Sea region.

The risks of the Israel-Gaza conflict morphed into a wider regional conflict after U.S. helicopters repelled an attack on Sunday by Iran-backed Houthi militants on a Maersk container vessel in the Red Sea.

ANGLE, the liquid-biopsy company, added 1.5 percent after signing a contract with Eisai.

Oil and gas engineering services business Plexus Holdings gained 1.7 percent.

The company said its existing surface production wellhead license agreement with SLB, an oilfield services company, has been replaced by a new agreement with wider field of use for a consideration of $5.2 million to be paid in cash.

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Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has moved higher in three straight sessions, advancing almost 80 points or 2.7 percent along the way. The KOSPI now sits just shy of the 3,200-point plateau and it may add to its winnings again on Thursday.
RTTNews | 15 minutes ago
China Trade Data On Tap For Thursday

China Trade Data On Tap For Thursday

China will on Thursday release July figures for imports, exports and trade balance, highlighting a busy day for Asia-Pacific economic activity.
RTTNews | 1h 15min ago
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

Save for a few minutes about an hour after the opening bell, the Switzerland market stayed weak on Wednesday with several stocks reeling under selling pressure. Investors were cautious amid concerns about the impact of U.S. tariffs, and Donald Trump's fresh threat that his government might consider imposing tariffs on chips and pharmaceuticals.
RTTNews | 5h 18min ago
Canadian Stocks Surge Higher Again; TSX Scales New Record High

Canadian Stocks Surge Higher Again; TSX Scales New Record High

Canadian stocks are up firmly in positive territory on Wednesday, and the benchmark S&P/TSX Composite Index stays high up after hitting a fresh record. Rising optimism about a rate cut by the Federal Reserve in September, firm oil prices and some upbeat corporate earnings announcements are contributing to the positive mood in the market.
RTTNews | 6h 38min ago
India Holds Key Interest Rates Steady As Trade Tensions Escalate

India Holds Key Interest Rates Steady As Trade Tensions Escalate

The Reserve Bank of India left its key interest rates unchanged on Wednesday after an aggressive cut in June as the economy faces another threat from the US due to its Russian oil imports. The RBI Monetary Policy Committee, led by Governor Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.50 percent. The bank had reduced the rate by 50 basis points in June.
RTTNews | 9h 11min ago
Bay Street Looks Set To Extend Upmove

Bay Street Looks Set To Extend Upmove

Canadian shares look headed for a positive start on Wednesday, riding on some impressive corporate earnings updates, and higher oil prices. The focus will also be on the developments on the trade front.
RTTNews | 10h 39min ago
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