FTSE 100 Edges Higher Led By Miners

RTTNews | 987 dagar sedan
FTSE 100 Edges Higher Led By Miners

(RTTNews) - U.K. stocks were moving higher on Monday, with miners gaining ground after Beijing unveiled a 16-point plan to rescue the country's ailing property sector.

The benchmark FTSE 100 was up 34 points, or half a percent, at 7,354 after declining 0.8 percent on Friday.

The British pound eased ahead of the U.K. Chancellor's Autumn Statement on Thursday where he is expected to set out tax rises and spending cuts.

Miners Antofagasta and Glencore rose 1-2 percent as London copper prices hovered near a five-month high on China demand hopes.

John Wood Group, an engineering and consulting firm, plunged 5 percent after saying it has reached a settlement agreement with Enterprise Products Operating LLC on legacy lawsuit.

Oil & gas firm Shell was little changed after announcing a collaboration with Global Bioenergies for the development and testing of low carbon road fuels.

Indivior gained nearly 1 percent after it inked a deal to acquire Opiant for $20 per share or around $145 million in cash.

Informa, a publishing, business intelligence, and exhibitions company, jumped 5.2 percent after raising its full-year earnings guidance.

read more
FTSE 100 Retreats After Positive Start, Down Marginally

FTSE 100 Retreats After Positive Start, Down Marginally

The U.K. market is down slightly a little past noon on Monday, having shed early gains, as investors await a slew of corporate earnings announcements due this week. Reports about the EU and U.S. arriving at a trade deal lifted sentiment in European markets this morning, but most of the major markets are off early highs with the focus shifting to earnings and economic data.
RTTNews | 14 minuter sedan
CAC 40 Up Over 0.5% As Trade Tensions Ease

CAC 40 Up Over 0.5% As Trade Tensions Ease

After opening on a firm note, French stocks gave up some gains Monday morning as investors turned a bit cautious, looking ahead to some crucial earnings and economic data due this week. The positive start came amid easing concerns over tariff as the U.S. and EU arrived at a trade deal over the weekend.
RTTNews | 34 minuter sedan
DAX Pares Gains After Bright Start

DAX Pares Gains After Bright Start

German stocks opened on a firm note Monday morning as trade war concerns eased after the U.S. and the European Union agreed on a trade deal. However, the market pared most of its gains subsequently as investors look ahead to some crucial earnings updates and economic data this week.
RTTNews | 58 minuter sedan
European Shares Rise As Tariff Worries Ease

European Shares Rise As Tariff Worries Ease

European stocks rose to hit a four-month high on Monday after the U.S. and European Union agreed on a hard-fought deal, helping avert a potentially damaging trade war.
RTTNews | 2h 47minuter sedan
U.S. Dollar Rises Following US-EU Trade Deal

U.S. Dollar Rises Following US-EU Trade Deal

The U.S. dollar strengthened against other major currencies in the European session on Monday, after the United States announced the "biggest-ever" trade deal with the European Union, under which a 15-percent tariff would apply across the board, including for Europe's crucial automobile sector, pharmaceuticals, and semiconductors.
RTTNews | 2h 59minuter sedan