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FTSE 100 Little Changed; Commodity Stocks Surge On China Data
(RTTNews) - U.K. stocks were subdued on Friday but were on track for a weekly gain after a slew of interest rate decisions by major central banks.
Commodity-related stocks surged after mixed economic data and positive signals from policymakers in China.
The benchmark FTSE 100 was marginally lower at 7,648 after rallying 1.3 percent in the previous session.
Miners Anglo American, Antofagasta and Glencore all rose about 3 percent on news of relaxation of home purchase restrictions in Beijing and Shanghai.
Oil & gas giant BP Plc rose 0.8 percent and rival Shell added 0.9 percent as oil extended gains for a third consecutive session and remained on track to snap a seven-week losing streak.
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Canadian Dollar Eases Against Most Majors
The Canadian dollar retreated against its most major counterparts in the New York session on Friday.
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3h 53min ago
Swiss Market Ends Sharply Lower
The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
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8h 4min ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment
European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
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8h 20min ago
Canadian Market Remains Weak On Tariff Concerns
After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
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9h 0min ago
Bay Street Likely To Open Lower
Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
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12h 43min ago
Pound Falls As U.K. Economy Contracts For Second Straight Month
The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
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12h 50min ago
Wall Street Likely To Open On Weak Note
Lower futures and escalating fears of a global trade war point to a weak start for U.S. stocks Friday morning.
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13h 9min ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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13h 13min ago
