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FTSE 100 Rallies Led By Oil And Mining Stocks

RTTNews | 321 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.

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Sensex, Nifty Likely To Extend Losses On Rate Worries, Middle East Tensions

Sensex, Nifty Likely To Extend Losses On Rate Worries, Middle East Tensions

Indian shares look set to extend recent losses on Friday as positive U.S. economic data and hawkish comments from more Fed officials poured cold water on rate-cut hopes.

RTTNews | 4h 7min ago

Japanese Market Sharply Lower; Down 3%

Japanese Market Sharply Lower; Down 3%

Losing for the fourth straight session, the Japanese stock market is sharply lower on Friday, following the mixed cues from Wall Street overnight. The benchmark Nikkei 225 is falling 3 percent to below the 36,900 level, with weakness across most sectors led by index heavyweights and technology stocks.

RTTNews | 4h 10min ago

Thai Stock Market May Snap Losing Streak

Thai Stock Market May Snap Losing Streak

The Thai stock market has finished lower in three straight sessions, tumbling almost 50 points or 3.5 percent in that span. The Stock Exchange of Thailand now sits just above the 1,360-point plateau although it may find traction on Friday.

RTTNews | 4h 35min ago

Indonesia Stock Market May Spin Its Wheels On Friday

Indonesia Stock Market May Spin Its Wheels On Friday

The Indonesia stock market on Thursday ended the two-day slide in which it had retreated more than 150 points or 2 percent. The Jakarta Composite Index now sits just above the 7,165-point plateau although it may be stuck in neutral on Friday.

RTTNews | 5h 5min ago

Australian Market Significantly Lower

Australian Market Significantly Lower

Losing for the sixth straight session, the Australian stock market is significantly lower on Friday, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 7,600 level, with weakness across most sectors led by mining and energy stocks.

RTTNews | 5h 19min ago

Lower Open Expected For Hong Kong Shares

Lower Open Expected For Hong Kong Shares

The Hong Kong stock market has moved higher in consecutive trading days, advancing almost 140 points or 0.9 percent along the way. The Hang Seng Index now sits just above the 16,380-point plateau although it's likely to open in the red on Friday.

RTTNews | 5h 20min ago

China Bourse May See Profit Taking On Friday

China Bourse May See Profit Taking On Friday

The China stock market has moved higher in back-to-back sessions, collecting almost 70 points or 3.4 percent along the way. The Shanghai Composite Index now sits just beneath the 3,075-point plateau although investors may cash in on Friday.

RTTNews | 5h 35min ago

Soft Start Expected For Taiwan Stock Market

Soft Start Expected For Taiwan Stock Market

The Taiwan stock market has moved higher in two straight sessions, advancing almost 400 points or 2 percent along the way. The Taiwan Stock Exchange now sits just above the 20,300-point plateau although it's expected to open under pressure on Friday.

RTTNews | 6h 14min ago

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