FTSE 100 Rallies Led By Oil And Mining Stocks

RTTNews | 819 days ago
FTSE 100 Rallies Led By Oil And Mining Stocks

(RTTNews) - U.K. stocks rose on Friday as a weaker dollar on Fed pause hopes and easing U.S. debt default worries boosted commodity prices.

The benchmark FTSE 100 was up 65 points, or 0.9 percent, at 7,555 after closing 0.6 percent higher on Thursday.

Higher copper prices lifted miners, with Anglo American, Antofagasta and Glencore surging 4-6 percent.

Oil & gas firm BP Plc rallied 2.2 percent and Shell added 1.5 percent as oil extended overnight gains, heading into the June 4 OPEC+ policy meeting.

NatWest was little changed after reducing its stake in Ireland's Permanent TSB.

Dechra Pharmaceuticals soared 8.3 percent after it has agreed to be taken over in a £4.46bn deal.

PayPoint, an ecommerce services provider, climbed 6.6 percent after reiterating its guidance for the full year.

read more
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 3h 13min ago
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 3h 56min ago
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 4h 26min ago
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 5h 40min ago