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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TSX Hits New Record High Again, Ends 0.41% Up
The Canadian market posted a record closing high for the third consecutive day as technology stocks climbed higher on strong buying interest on Friday.
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5h 34min ago
Dollar Drifts Lower Against Major Currencies
The U.S. dollar shed ground against its major counterparts on Friday as the yield on long-term Treasury Notes dropped. Also, with investors choosing to pick up riskier assets such as equities, the dollar struggled for support almost right through the day's session.
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6h 56min ago
India GDP Growth Slowest In 7 Quarters On Weak Manufacturing
The Indian economy expanded at the slowest pace in seven quarters during the three months to September as the stronger performance of the services sector was offset by the sluggishness in manufacturing and mining industries, preliminary data from the statistics ministry showed on Friday.
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7h 18min ago
Swiss Market Ends Higher After Choppy Session
The Switzerland market closed on a positive note on Friday after a choppy session, as investors assessed the region's economic data and continued to closely follow the developments on the geopolitical front.
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10h 19min ago
European Markets Close On Firm Note
European stocks closed higher on Friday amid expectations of further rate cuts by central banks despite data showing an acceleration in eurozone inflation. Investors also digested French GDP data and Germany's retails sales and unemployment data.
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10h 37min ago
Canadian Market Continues To Climb Higher; TSX Up Modestly At Noon
The Canadian market has moved on to a new record high on Friday, lifted by gains in technology, industrials and materials sectors, as investors continue to remain optimistic about more interest rate reductions by the central bank.
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11h 25min ago
Eurozone Inflation Accelerates To 2.3%
Euro area inflation climbed for a second straight month in November, while the core figure was unchanged, making way for a cautious interest rate cut by the European Central Bank next month.
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12h 43min ago
Pound Weakens Despite BoE's Slower Rate Cut Prospects
The pound was lower against its major counterparts in the New York session on Friday, as the U.S. dollar rebounded after the Thanksgiving holiday.
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12h 43min ago
