FTSE 100 Gains Led By Energy Stocks

RTTNews | 853 days ago
Stocktwits
FTSE 100 Gains Led By Energy Stocks

(RTTNews) - U.K. stocks rose on Monday, with oil heavyweights rallying as a surprise announcement by OPEC+ and its allies to cut production lifted crude prices up more than 5 percent. In economic releases, the March final manufacturing was finalized at 47.9, down from February's 7-month of 49.3.

The benchmark FTSE 100 was up 60 points, or 0.8 percent, at 7,692 after closing 0.2 percent higher on Friday.

BP Plc and Shell both jumped over 4 percent while airline IAG fell more than 1 percent.

Ailing cinema chain Cineworld Group plunged 30 percent after announcing a debt restructuring with its biggest lenders.

Banks Barclays and Lloyds Banking traded up more than 2 percent each.

Imperial Brands advanced 1.6 percent. The tobacco firm said it has instructed Barclays Capital Securities to purchase up to 500 million pounds of its shares as part of the second tranche of its share buyback drive of up to 1 billion pounds announced in 2022.

Stocktwits
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Indonesia Bourse May Turn Lower Again On Monday

Indonesia Bourse May Turn Lower Again On Monday

The Indonesia stock market on Friday halted the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,540-point plateau although it's likely to head south again on Monday.
RTTNews | 36 minutes ago
Japanese Market Sharply Lower; Down 2%

Japanese Market Sharply Lower; Down 2%

The Japanese stock market is trading sharply lower on Monday, extending the losses in the previous session, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 tumbling more than 2 percent to well below the 39,950 level, with weakness across all sectors led by exporters, automakers and financial stocks.
RTTNews | 36 minutes ago
No Help Yet For Hong Kong Stock Market

No Help Yet For Hong Kong Stock Market

The Hong Kong stock market has tracked lower in four straight sessions, dropping more than 1,050 points or 4 percent along the way. The Hang Seng Index now rests just above the 24,500-point plateau and it's expected to open in the red again on Monday.
RTTNews | 51 minutes ago
Lower Open Predicted For China Stock Market

Lower Open Predicted For China Stock Market

The China stock market has finished lower in consecutive trading days, sinking more than 55 points or 1.7 percent along the way. The Shanghai Composite Index now sits just shy of the 3,560-point plateau and the losses may accelerate on Monday.
RTTNews | 1h 6min ago
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is slightly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying just above the 8,650.00 level, with weakness in energy, financial and technology stocks partially offset by strong gains in mining stocks.
RTTNews | 1h 6min ago
Taiwan Stock Market Tipped To Open Under Pressure On Monday

Taiwan Stock Market Tipped To Open Under Pressure On Monday

The Taiwan stock market on Friday snapped the two-day winning streak in which it had gained more than 340 points or 1.9 percent. The Taiwan Stock Exchange now sits just above the 23,430-point plateau and it's expected to see continued consolidation on Monday.
RTTNews | 1h 36min ago
Singapore Shares May Take Further Damage On Monday

Singapore Shares May Take Further Damage On Monday

The Singapore stock market had finished lower in six straight sessions, surrendering almost 120 points or 2.9 percent along the way. The Straits Times Index now sits just above the 4,150-point plateau and it's expected to open under pressure again on Monday.
RTTNews | 2h 6min ago
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