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FTSE 100 Rises As Energy Stocks Rally
(RTTNews) - U.K. stocks rose on Tuesday as a rally in crude oil prices helped lift energy stocks. The benchmark FTSE 100 rose 51 points, or 0.7 percent, to 7,172 after adding 1.5 percent on Monday.
BP Plc advanced 1.3 percent and Shell added 1.4 percent as WTI crude futures rose more than 2 percent amid tight supplies of crude and fuel products.
John Wood Group rose about half a percent. The engineering and consulting business named Ken Gilmartin as its new chief executive officer effective from 1 July 2022.
Online supermarket Ocado slumped 4.4 percent after raising £575m in a share placing to fund its expansion.
Packaging group DS Smith added 1.2 percent after it reported strong growth in profits and sales for the year to the end of April.
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Swiss Market Closes On Upbeat Note
The Switzerland market closed on an upbeat note on Wednesday, in line with markets across Europe, as investors reacted positively to U.S. President Donald Trump softening his tone toward Fed Chair Jerome Powell, and tariffs against China.
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13 minutes ago
European Markets Close On Buoyant Note As Trade Tensions Ease
European stocks closed on a strong note on Wednesday as U.S. President Donald Trump toned down his rhetoric on Jerome Powell, and also admitted that the proposed tariffs on China are "very high."
Trump said he would like to see Powell to be a little more active in terms of his idea to lower interest rates, and that he has no intention to fire him.
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26 minutes ago
Canadian Market Notably Higher Despite Paring Some Early Gains
The Canadian market is up firmly in positive territory in early afternoon trades on Wednesday, holding on to a significant portion of its gains, amid easing concerns about tariffs and U.S. President Donald Trump softening his stance against Federal Reserve Chair Jerome Powell.
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1h 16min ago
U.S. New Home Sales Surge Much More Than Expected In March
New home sales in the U.S. surged by much more than expected in the month of March, according to a report released by the Commerce Department on Wednesday. The Commerce Department said new home sales spiked by 7.4 percent to an annual rate of 724,000 in March after jumping by 3.1 percent to a revised rate of 674,000 in February.
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3h 41min ago
Boeing Q1 Loss Narrows, Turns To Core Profit On Volume Growth; Stock Gains
Shares of Boeing Co. were gaining around 5 percent in the early morning trade on the NYSE after the aerospace major reported Wednesday narrower net loss in its first quarter, and a core operating profit compared to prior year's loss, with significantly higher revenues. The company attributed the results primarily to improved operational performance and commercial delivery volume.
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3h 41min ago
Eurozone Private Sector Activity Moves Closer To Stagnation
The euro area private sector moved closer to stagnation in April as activity was held back by faster reduction in orders amid the escalating trade tariff concerns, the results of the latest purchasing managers' survey by S&P Global showed on Wednesday. The HCOB flash composite output index eased to 50.1 in April, which was only slightly above the 50.0 no-change mark.
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4h 30min ago
Bay Street Likely To Open On Firm Note
Sharply higher U.S. and Canadian futures point to a firm start for the Canadian markets on Wednesday. Global stocks gained in strength today with investors reacting positively to U.S. President Donald Trump's softer tone toward Federal Reserve Chair Jerome Powell, and his admission that the 145% tariffs on China are "very high" and they will come down substantially.
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5h 33min ago
FTSE 100 Notably Higher On Easing Tariff Concerns
The U.K. stock market remains firmly place in positive territory on Monday after a bright start as U.S. President Donald Trump has toned down his rhetoric on Jerome Powell, and also admitted that the 145% tariffs on China are "very high."
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6h 12min ago
