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FTSE 100 Marginally Higher As Energy Stocks Surge
(RTTNews) - U.K. stocks were marginally higher on Wednesday, with energy stocks leading the surge as oil extended an overnight rally on concerns that Middle East tensions could escalate and potentially disrupt crude output from the region.
The benchmark FTSE 100 was up 9 points, or 0.1 percent, at 8,286 after rising half a percent on Tuesday.
Energy giant BP Plc and peer Shell both jumped around 2.5 percent.
JD Sports slumped 5 percent despite the sportswear retail chain reporting record sales in the 26 weeks to August and reaffirming its FY25 guidance.
Wizz Air Holdings plummeted 6 percent after the airline reported a drop in load factors over the course of September.
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U.S. Dollar Rises After Nonfarm Payrolls Data, Fed Chair Jerome Powell's Speech
The U.S. dollar advanced against its major counterparts in the New York session on Friday, as traders cheered Federal Reserve Chair Jerome Powell's comments and solid jobs data for March.
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Swiss Market Ends Sharply Lower On Trade War Fears
Swiss stocks fell sharply on Friday, mirroring losses across Europe and elsewhere, as the Trump Administration's sweeping tariffs on trade partners, and retaliatory move announced by China, and possible countermeasures by a few other major countries as well, raised fears of a possible global recession.
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European Stocks Tumble As China Retaliates After Trump's Tariff Moves
European stocks plunged sharply and several market tumbled to fresh multi-month lows on Friday as U.S. President Donald Trump's sweeping tariff moves, and the retaliatory action by China raised fears of a global trade war and recession, prompting investors to press sales across the board.
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Canadian Market Remains Deep Down In Negative Territory After Another Bloodbath
It's a bloodbath on Bay Street again with the stocks seeing a free fall amid rising fears of a global recession following U.S. President Donald Trump's sweeping "reciprocal tariffs" moves and the retaliatory move by China raising concerns about economic growth.
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Powell Says Tariffs Likely To Lead To Higher Inflation, Slower Growth
Citing a highly uncertain outlook due in part to President Donald Trump's new tariffs, Federal Reserve Chair Jerome Powell on Friday indicated the central bank will wait for greater clarity before considering any adjustments to interest rates.
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CPSC Recalls: Polaris ROVs, Accessory Heaters, Window Hinge Tracks, Bear Lights, Propane Heaters
The U.S. Consumer Product safety Commission or CPSC has announced various recalls including Polaris Recreational Off-Road Vehicles or ROVs, Honda accessory heaters, high chairs, window hinge tracks, baby bath seats, bear lights, and propane heaters, among others.
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U.S. Job Growth Far Exceeds Estimates In March
A closely watched report released by the Labor Department on Friday showed employment in the U.S. surged by much more than expected in the month of March. The Labor Department said non-farm payroll employment jumped by 228,000 jobs in March after climbing by a downwardly revised 117,000 jobs in February. Economists had expected employment to rise by 135,000 jobs.
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U.S. Employment Surges Much More Than Expected In March
A closely watched report released by the Labor Department on Friday showed employment in the U.S. surged by much more than expected in the month of March.
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