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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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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7h 37min 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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7h 55min 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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8h 43min 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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10h 1min 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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10h 1min ago
UK Mortgage Approvals At More Than 2 Year High
UK mortgage approvals increased to the highest level in more than two years in October as falling interest rates boosted housing market activity but consumers became more cautious about borrowing and saving ahead of the Autumn Budget. Mortgage approvals for house purchases, an indicator of future borrowing, increased to 68,303 in October from 66,115 in the prior month, the Bank of England report
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12h 44min ago
Bay Street May Open Higher On Firm Metal Prices; GDP Data In Focus
Canadian shares may open higher on Friday with materials stocks set to ride on strong gold and silver prices. Data on Canadian GDP data for the third quarter is due out at 8:30 AM ET.
As the U.S. market will close early today, volume of business on Bay Street will be thin for a second straight day.
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13h 18min ago
German Unemployment Rises Less Than Forecast
German unemployment increased less than expected in November despite companies reporting job cuts, figures from the Federal Employment Agency revealed Friday. The jobless rate came in at 6.1 percent, the same as in September and October. Also, the rate matched expectations. The number of people out of work increased only 7,000 after rising 26,000 in the previous month.
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13h 47min ago
