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FTSE 100 Gains As Energy Stocks Surge
(RTTNews) - U.K. stocks advanced on Thursday as climbing crude prices lifted energy stocks. BP Plc jumped 2.2 percent and Shell added 1.7 percent as oil prices rose for the third day on mounting supply tightness concerns.
The benchmark FTSE 100 was up 50 points, or 0.7 percent, at 7,522.
Miner Rio Tinto rose 0.7 percent after raising its offer to take direct control of the huge Oyu Tolgoi copper mine in Mongolia.
AstraZeneca gained 1.6 percent. The Anglo-Swedish pharmaceutical company said that its Lynparza treatment has been approved in Japan for the treatment of early breast cancer after positive Phase 3 results.
Hunting Plc, an international energy services group, jumped nearly 18 percent after narrowing its interim loss.
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Sensex, Nifty End Choppy Session Little Changed
Indian shares fluctuated before ending little changed on Friday despite GST reforms optimism and firm cues from global markets amid growing expectations of a Federal Reserve interest-rate cut later this month.
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European Shares Inch Higher In Cautious Trade
European stocks were modestly higher on Friday as investors braced for the key U.S. jobs reading due later in the day and French Prime Minister Francois Bayrou's confidence vote on Monday.
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Asian Shares Modestly Higher Before Pivotal US Jobs Report
Asian stocks eked out modest gains on Friday as weak U.S. labor market data reinforced expectations of a Federal Reserve rate cut later this month and U.S. President Donald Trump signed an executive order officially putting into action the U.S.-Japan trade agreement.
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European Shares Set For Steady Open Before US Jobs Report
European stocks may open slightly higher on Friday as investors await the all-important monthly U.S. jobs report later in the day for direction.
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Sensex, Nifty Open Higher On Fed Rate Cut Hopes
Indian shares were modestly higher on Friday as weak U.S. labor market data fueled fresh hopes for a Federal Reserve rate cut this month.
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Australian Market Trims Early Gains In Mid-market
The benchmark S&P/ASX 200 Index is gaining 30.30 points or 0.34 percent to 8,856.80, after touching a high of 8,880.70 earlier. The broader All Ordinaries Index is up 35.00 points or 0.39 percent to 9,126.40. Australian stocks closed significantly higher on Thursday.
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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as some weaker than expected U.S. private sector job growth in the month of August bolstered bets the US Fed will lower interest rates later this month. The markets are pricing in a September rate cut and anticipating at least two reductions this year.
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Sensex, Nifty Seen Higher At Open On Firm Global Cues
Indian shares are likely to open higher on Friday, tracking firm cues from global markets and falling oil prices on oversupply concerns ahead of an OPEC+ meeting this weekend.
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