FTSE 100 Gains As Energy Stocks Surge
(RTTNews) - U.K. stocks advanced on Thursday as climbing crude prices lifted energy stocks. BP Plc jumped 2.2 percent and Shell added 1.7 percent as oil prices rose for the third day on mounting supply tightness concerns.
The benchmark FTSE 100 was up 50 points, or 0.7 percent, at 7,522.
Miner Rio Tinto rose 0.7 percent after raising its offer to take direct control of the huge Oyu Tolgoi copper mine in Mongolia.
AstraZeneca gained 1.6 percent. The Anglo-Swedish pharmaceutical company said that its Lynparza treatment has been approved in Japan for the treatment of early breast cancer after positive Phase 3 results.
Hunting Plc, an international energy services group, jumped nearly 18 percent after narrowing its interim loss.
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Asian Shares Retreat On China Concerns
Asian stocks retreated on Friday as the U.S. jobs report loomed, China growth worries persisted, and traders remained on alert for a rising risk of Japanese authorities intervening to support the yen.
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5h 13min ago
Yen Falls As Traders Doubt On BoJ Rate Hike
The Japanese yen weakened against major currencies in the Asian session on Friday, as investors continued to have doubts about whether the Bank of Japan (BoJ) would likely raise interest rates once more.
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6h 5min ago
Yen Falls Against Majors
The Japanese yen weakened against major currencies in the Asian session on Friday.
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6h 25min ago
Macy's To Close 66 Stores Under 'Bold New Chapter' Strategy
Department store chain Macy's Inc. is closing 66 Macy's non-go-forward store locations in 2025, as part of its strategic plan, called "A Bold New Chapter", aiming to return to sustainable, profitable sales growth. The move comes after the Omni-channel fashion retailer, which owns Macy's, Bloomingdale's and Bluemercury brands, slashed its fiscal 2024 adjusted earnings guidance in early December.
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6h 49min ago
European Economic News Preview: France Industrial Output, Consumer Spending Due
Industrial production and consumer spending from France and retail sales from Italy are due on Friday, headlining a light day for the European economic news. At 1.45 am ET, the State Secretariat for Economic Affairs releases Swiss unemployment data for December. The jobless rate is forecast to rise to 2.7 percent from 2.6 percent in the previous month.
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7h 17min ago
European Shares Set For Muted Start Before US Jobs Data
European stocks may drift lower at open on Friday as investors brace for the all-important U.S. jobs report later in the day.
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8h 9min ago
Sensex, Nifty Follow Global Peers Lower; IT Stocks Surge
Indian shares opened lower on Friday, mirroring weak cues from global markets amid Trump's tariff threats and expectations of fewer interest-rate cuts by the U.S. Federal Reserve in 2025.
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9h 23min ago
Asian Markets Mixed Amid Cautious Trades
Asian stock markets are trading mixed on Friday, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed, as traders are cautious ahead of the release of the closely watched US monthly jobs later in the day, which will potentially provide additional clarity about the strength of the labor market and the outlook for interest rate cuts.
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10h 26min ago
