FTSE 100 Rises Led By Energy Stocks

RTTNews | 1063 days ago
Stocktwits
FTSE 100 Rises Led By Energy Stocks

(RTTNews) - U.K. stocks rallied on Friday, with energy and defensive stocks leading the surge.

The benchmark FTSE 100 jumped 82 points, or 1.2 percent, to 7,122 after closing 1.6 percent lower on Thursday.

The British pound moved sideways, given growing concerns about an economic slowdown and domestic political uncertainty.

Defensive stocks were in demand, with British American Tobacco climbing more than 3 percent amid recession fears.

Oil & gas firm BP Plc rose 2.8 percent and Shell added 2.5 percent despite sluggish growth data from China.

Luxury brand Burberry slumped 6.4 percent after it reported sales growth of just 1 percent in its latest financial quarter.

Miner Rio Tinto lost 2.6 percent after it warned of considerable headwinds impacting its underlying earnings in the second half.

Stocktwits
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Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
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Singapore Bourse May Extend Thursday's Gains

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Win Streak May Continue For South Korea Stock Market

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New Zealand Manufacturing PMI Data Due On Friday

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RTTNews | 2h 43min ago
Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
RTTNews | 3h 5min ago
Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japan stock market on Thursday ended the four-day winning streak in which it had climbed more than 860 points or 2.5 percent. The Nikkei 225 now sits just beneath the 38,175-point plateau although it may bounce higher again on Friday.
RTTNews | 3h 6min ago
U.S. Dollar Weakens After Soft PPI Data

U.S. Dollar Weakens After Soft PPI Data

The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.
RTTNews | 6h 22min ago
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