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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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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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1h 3phút trước
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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1h 3phút trước
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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1h 52phút trước
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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2h 55phút trước
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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3h 34phút trước
German Private Sector Falls Back Into Contraction
Germany's private sector fell into the contraction territory in April as trade tariff concerns damped business confidence and demand, flash purchasing managers' survey by S&P Global revealed Wednesday. The composite output index fell to 49.7 in April from 51.3 in March. The score fell below the 50.0 no-change mark for the first time in four months.
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3h 58phút trước
Tesla Stock Gains As Musk Plans DOGE Cutback, Despite Weak Q1
Shares of Tesla, Inc. were gaining around 7 percent in the pre-market hours on the Nasdaq, continuing an upbeat activity on Tuesday's after-hours, after CEO Elon Musk announced that he will reduce time with President Donald Trump's Department of Government Efficiency or DOGE significantly, starting in May. The announcement on the luxury electric vehicle maker's earnings call came after reporting..
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4h 2phút trước
CAC 40 Up Nearly 2.5% As Stocks Rally On Positive Global Cues
French stocks are up sharply on Wednesday with investors reacting 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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4h 11phút trước
