FTSE 100 Rises To Record High As Mining Stocks Rally

RTTNews | 23 시간 33 분 전
FTSE 100 Rises To Record High As Mining Stocks Rally

(RTTNews) - The UK stock market climbed to a new record high Thursday morning, lifted by strong gains in the mining sector.

The undertone in major European markets is quite firm today amid optimism about a potential trade deal between the U.S. and the European Union.

EU trade chief Maros Sefcovic said there was good progress on a framework trade agreement and a deal may even be possible within days.

The benchmark FTSE 100 was up 104.09 points or 1.17% at 8,971.11 about a quarter past noon.

Anglo American Plc shares are up more than 5%. Rio Tinto and Glencore are up 4.7% and 4.5%, respectively, while Antofagasta is gaining 3.4%.

Standard Chartered, Fresnillo, Endeavour Mining, Ashtead Group, Spirax Group, AstraZeneca, Weir Group, Pershing Square Holdings and Smiths Group are up 2 to 3.1%.

WPP is up nearly 3% after appointing Microsoft's Cindy Rose as its new CEO. DCC, a sales, marketing, and support services provider, rose nearly 2% in early trades after delivering Q1 operating profit growth in line with expectations. The stock gave up gains subsequently and was up just marginally at noon.

Mondi, Informa, Diageo, British American Tobacco, Smith & Nephew, Relx, JD Sports Fashion, St. James's Place, Schroders, Shell, Unilever, GSK and Lloyds Banking Group are among the other prominent gainers.

Land Securities is down nearly 2%. SSE is down 1.7%, while Howden Joinery, Babcock International and Centrica are down 1 to 1.5%.

National Grid, Segro, Rolls-Royce Holdings, Severn Trent and Hiscox are down with less pronounced losses.

In economic news, a report from Royal Institution of Chartered Surveyors said its survey showed the house price balance in UK remained at -7% in June, unchanged from May, and slightly better than market expectations of -8%.

read more
CAC 40 Down More Than 1% As Trade War Concerns Hurt Sentiment

CAC 40 Down More Than 1% As Trade War Concerns Hurt Sentiment

French stocks are notably lower on Friday, weighed down by losses in automobile and luxury sectors. The mood in the market is a bit bearish, in line with other major markets in Europe, amid renewed worries about tariffs.
RTTNews | 12 분 전
Walmart Recalls 850K Ozark Trail Water Bottles

Walmart Recalls 850K Ozark Trail Water Bottles

Retain giant Walmart Inc. is recalling about 850,000 Ozark Trail 64 oz Stainless Steel Insulated Water Bottles as the lid can suddenly pop off with force, causing injury, according to the U.S. Consumer Product Safety Commission. The recall includes Water Bottles sold under model number 83-662. These silver stainless-steel bottles feature a black one-piece screw-on lid.
RTTNews | 48 분 전
European Shares Decline As Tariff Worries Return To Haunt

European Shares Decline As Tariff Worries Return To Haunt

European stocks fell on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian imports, starting Aug. 1, in a dramatic escalation of a trade war with the United States' closest ally over the country's alleged role in fentanyl flows.
RTTNews | 1 시간 54 분 전
Asian Shares Mostly Lower As Trump Ups Tariff Ante

Asian Shares Mostly Lower As Trump Ups Tariff Ante

Asian shares ended mostly lower in cautious trade on Friday after U.S. President Donald Trump announced a 35 percent tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20 percent on most trading partners that haven't got letters yet.
RTTNews | 2 시간 19 분 전
Yen Retreats Against Majors

Yen Retreats Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | 2 시간 47 분 전