FTSE 100 Rallies Led By Energy Stocks

RTTNews | 847 dagar sedan
FTSE 100 Rallies Led By Energy Stocks

(RTTNews) - U.K. stocks were sharply higher on their first trading session of 2023. Markets await a reading on manufacturing for December, which is expected to have held steady year-on-year.

The benchmark FTSE 100 rallied 150 points, or 2 percent, to 7,600 as trading resumed after a long holiday weekend.

Oil and gas firm BP Plc jumped 4.4 percent and Shell rallied 4.1 percent as oil prices edged higher despite growth concerns.

Hikma Pharmaceuticals surged nearly 4 percent. The pharmaceutical company has launched an authorized generic version of Jazz Pharmaceuticals' Xyrem (sodium oxybate) oral solution CIII.

Wizz Air Holdings climbed 1.2 percent. The low-cost airline reported that, in December, it carried 4,180,310 passengers, a 58.4 percent increase from a year ago.

Essentra, a provider of plastic and fiber products, added 1.6 percent after confirming that Scott Fawcett has assumed the role of Chief Executive and Executive Director, with effect from January 1.

read more
U.S. Consumer Confidence Slumps More Than Expected In April

U.S. Consumer Confidence Slumps More Than Expected In April

Largely reflecting a significant deterioration by consumer expectations, the Conference Board released a report on Tuesday showing its U.S. consumer confidence index slumped by more than expected in the month of April. The Conference Board said its consumer confidence index plunged to 86.0 in April from an upwardly revised 93.9 in March.
RTTNews | 21 minuter sedan
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Higher Canadian futures point to a slightly positive start on Bay Street Tuesday morning. The victory of Mark Carney in the Canadian general election and easing concerns about U.S. tariffs may also support the market. However, weak crude oil and gold prices may weigh on sentiment and limit market's upside.
RTTNews | 2h 8minuter sedan
Eurozone Economic Sentiment At 4-Month Low

Eurozone Economic Sentiment At 4-Month Low

Euro area economic confidence weakened more than expected to a four-month low in April largely due to the trade tariff threats, survey data from the European Commission showed on Tuesday. The economic sentiment index declined to 93.6 in April from 95.0 in the previous month. The score was forecast to fall to 94.5.
RTTNews | 2h 49minuter sedan
FTSE 100 Modestly Higher, Extends Gains To 12th Straight Session

FTSE 100 Modestly Higher, Extends Gains To 12th Straight Session

The UK market is up in positive territory in early afternoon trades on Tuesday, extending gains to a 12th straight session. Easing concerns about U.S. tariffs contribute to the positive sentiment in the market. Investors are also digesting a slew of quarterly earnings announcements.
RTTNews | 2h 49minuter sedan
CAC 40 Pares Early Gains; Schneider Electric Tumbles Over 7%

CAC 40 Pares Early Gains; Schneider Electric Tumbles Over 7%

French stocks are mostly subdued on Tuesday with investors making cautious moves while awaiting some key corporate earnings updates this week. The market climbed higher earlier in the session as reports emerged that the U.S. would move to reduce the impact of duties imposed on foreign parts in domestically manufactured cars.
RTTNews | 3h 19minuter sedan
DAX Rises Again As Strong Results, Easing Tariff Concerns Lift Sentiment

DAX Rises Again As Strong Results, Easing Tariff Concerns Lift Sentiment

German stocks are up firmly in positive territory on Tuesday with investors reacting to a slew of corporate earnings announcements. Easing concerns about U.S. tariffs, and data showing an improvement in German consumer sentiment contribute as well to the positive sentiment in the market.
RTTNews | 4h 13minuter sedan