FTSE 100 Gains As Miners Surge

RTTNews | Pred 1083 dňami
FTSE 100 Gains As Miners Surge

(RTTNews) - U.K. stocks advanced on Friday as soaring metal prices helped boost miners.

The benchmark FTSE 100 rallied 120 points, or 1.7 percent, to 7,382 after gaining 0.3 percent on Thursday.

Anglo American, Antofagasta and Glencore soared 5-6 percent as copper prices rose on a weaker dollar.

Cineworld Group shares jumped 18 percent. The entertainment conglomerate and its subsidiaries have received approval for "first day" relief from a U.S. bankruptcy court, giving it immediate access to around $785 million from a $1.94 billion line of credit to support operations.

Self-storage firm Big Yellow Group added 1.2 percent after refinancing its £120 million debt facility.

Vesuvius gained 1.5 percent. The ceramics company said that its Chief Financial Officer Guy Young has resigned to pursue a new opportunity.

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German GfK Consumer Confidence To Fall Further

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German consumer confidence is set to continue to fall in September as rising fear of job losses weighed on purchase decisions and damped hopes of robust economic recovery, a closely watched survey showed on Wednesday. The forward-looking consumer sentiment index fell to -23.6 in September from -21.7 in the previous month. The reading was forecast to drop moderately to -22.
RTTNews | Pred 52 minútami
Australian Dollar Rises On Strong Monthly CPI Data

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RTTNews | Pred 1 h 44 min
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RTTNews | Pred 3 h 24 min
European Economic News Preview: German GfK Consumer Confidence Due

European Economic News Preview: German GfK Consumer Confidence Due

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RTTNews | Pred 3 h 59 min
Australian Market Extends Early Gains In Mid-market

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The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.
RTTNews | Pred 4 h 48 min