FTSE 100 Gains As Oil Prices Rebound

RTTNews | 1071 days ago
Stocktwits
FTSE 100 Gains As Oil Prices Rebound

(RTTNews) - U.K. stocks rebounded on Friday, with banks and energy stock leading the surge ahead of key U.S. jobs data due later in the day.

The benchmark FTSE 100 climbed 58 points, or 0.8 percent, to 7,207 after losing 1.9 percent on Thursday.

BP Plc jumped nearly 3 percent and Shell added 2 percent as oil prices rose nearly 3 percent ahead of next week's OPEC+ meeting to discuss output cuts.

The United States said Thursday that a new response received from Iran on reviving a landmark nuclear deal of 2015 was unconstructive, putting a new hurdle on finalizing the agreement.

Banks Lloyds Banking Group, Standard Chartered and HSBC Holdings gained 1-2 percent.

Ashmore Group surged 4.4 percent. After posting a decline in earnings for the fiscal 2022, the investment manager said it hopes the next 12 months offers potential for better conditions.

Stocktwits
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Swiss Market Ends Marginally Up

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Friday despite exhibiting weakness for much of the time past noon. Investors continued to react to earnings and assess the economic impact of reciprocal tariffs, and stayed largely cautious with their moves. A report showing a drop in Swiss consumer confidence in the month of July hurt sentiment.
RTTNews | 10h 56min ago
Major European Markets Close On Mixed Note

Major European Markets Close On Mixed Note

Major European markets turned in a mixed performance on Friday with investors largely staying cautious, assessing the impact of tariffs on global economic growth, and continuing to digest corporate earnings announcements and other data.
RTTNews | 11h 21min ago
Positive Start Seen For Canadian Stocks

Positive Start Seen For Canadian Stocks

Canadian stocks may edge up a bit in early trades Friday morning with some encouraging earnings announcements and firm commodity prices aiding sentiment. Investors will also be reacting to the data showing a 41,000 jobs drop in Canadian employment in the month of July. Data from Statistics Canada also showed that the unemployment rate in Canada came in unchanged at 6.9%.
RTTNews | 15h 53min ago
UK Market Roughly Flat; Mining Stocks Move Higher

UK Market Roughly Flat; Mining Stocks Move Higher

Amid a lack of economic and earnings data, U.K. stocks are moving in a tight range in somewhat lackluster trade on Friday. Investors are assessing the potential impact of the Trump administration's reciprocal tariffs on global economic growth. Optimism about a rate cut by the Fed next month is aiding sentiment a bit.
RTTNews | 17h 47min ago
CAC 40 Climbs Higher For 3rd Straight Day

CAC 40 Climbs Higher For 3rd Straight Day

French stocks are modestly higher on Friday, extending gains to a third straight session, with mostly encouraging corporate earnings announcements aiding sentiment. Concerns about the potential impact of Trump's reciprocal tariffs limit market's upside a bit.
RTTNews | 18h 6min ago
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