FTSE 100 Edges Higher As Investors Await Cues On Rate Cuts
(RTTNews) - U.K. stocks advanced on Friday as higher oil prices lifted energy stocks and investors braced for Fed Chair Jerome Powell's Jackson Hole speech later in the day.
Bank of England governor Andrew Bailey is also scheduled to speak at the symposium. The benchmark FTSE 100 was up 13 points, or 0.2 percent, at 8,301 after ending flat with a positive bias on Thursday.
In corporate news, Unilever was marginally higher after recalling 137000 cases of its single-serve Popsicle Jolly Rancher Frozen Confection Pop products over concerns that they may contain milk.
Energy giant BP Plc rose 0.7 percent and Shell edged up 0.2 percent as oil extended overnight gains but remained on track for a weekly loss on U.S. and Chinese demand concerns.
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TSX Up Sharply As Rate Hike Concerns Fade; Aritzia Soars On Earnings Update
The Canadian market is up firmly in positive territory Friday afternoon, supported by strong gains in technology, materials and consumer discretionary sectors. Energy and financials stocks are also notably higher.
Weak Canadian jobs data has raised expectations that the Bank of Canada will not hike interest rates anytime soon.
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Swiss Market Ends On Bright Note
The Switzerland stock market closed on a strong note on Friday like several other markets in Europe, as slightly easing geopolitical tensions and a drop in oil prices helped underpin sentiment.
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European Markets Close Higher For 2nd Straight Session
After two successive days of losses, European markets turned in a fine performance on Friday as geopolitical tensions eased after U.S. President Donald Trump said the U.S. will not attack Iran before next month's midterm elections and termed ongoing discussions with Tehran as "productive."
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U.S. Consumer Sentiment Index Falls More Than Expected In October
Consumer sentiment in the U.S. has deteriorated by more than expected in the month of October, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 46.3 in October from 48.1 in September. Economists had expected the index to dip to 47.6.
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Delta Stock Drops On Cautious Earnings View In Q4 & FY27 After Weak Q3
Shares of Delta Air Lines, Inc. were losing around 3 percent in the morning trading on the NYSE after the airline reported weak third-quarter earnings, issued cautious earnings view for the fourth quarter and trimmed fiscal 2027 earnings view amid high fuel cost environment.However, the company projects higher revenues for the fourth quarter, extending the strong third-quarter revenue performance.
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Canadian Market Likely To Open On Mixed Note
It's likely to be a mixed start for stocks on Bay Street on Friday with investors tracking a mixed trend in the commodities markets and reacting to Canadian jobs data for the month of September.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Friday.
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FTSE 100 Advances As Oil Drops; Miners Move Up
The U.K. stock market's benchmark index FTSE 100 climbed higher Friday morning, supported by gains in mining and technology sectors. Lower crude oil prices and bond yields amid easing tensions about U.S.-Iran conflict lifted sentiment.
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