FTSE 100 Gains As Oil Prices Rebound

RTTNews | 1469 days ago
FTSE 100 Gains As Oil Prices Rebound

(RTTNews) - U.K. stocks rebounded on Friday, with banks and energy stock leading the surge ahead of key U.S. jobs data due later in the day.

The benchmark FTSE 100 climbed 58 points, or 0.8 percent, to 7,207 after losing 1.9 percent on Thursday.

BP Plc jumped nearly 3 percent and Shell added 2 percent as oil prices rose nearly 3 percent ahead of next week's OPEC+ meeting to discuss output cuts.

The United States said Thursday that a new response received from Iran on reviving a landmark nuclear deal of 2015 was unconstructive, putting a new hurdle on finalizing the agreement.

Banks Lloyds Banking Group, Standard Chartered and HSBC Holdings gained 1-2 percent.

Ashmore Group surged 4.4 percent. After posting a decline in earnings for the fiscal 2022, the investment manager said it hopes the next 12 months offers potential for better conditions.

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Indian Shares Tumble Amid Geopolitical Concerns

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Indian shares were sharply lower in early trade on Friday as crude oil prices soared amid escalating tensions in West Asia, raising worries about India's import bill, inflation and earnings.
RTTNews | 23 minutes ago
Australian Market Extends Early Strong Losses In Mid-market

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RTTNews | 1h 28min ago
Asian Markets Sink Amid Inflationary Risks

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Asian markets are mostly lower on Friday, following the negative cues from Wall Street overnight, as crude oil soars past $100 a barrel for the first time since May amid concerns of a prolonged war between the U.S. and Iran. Surging crude oil prices and treasury yields have added to concerns about inflation risks and the outlook for interest rates ahead of the US Fed's monetary policy meeting.
RTTNews | 1h 47min ago
Losing Streak May Continue For Thai Stock Market

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RTTNews | 2h 55min ago
Japanese Market Sharply Lower

Japanese Market Sharply Lower

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RTTNews | 3h 18min ago
Indonesia Stock Market Tipped To Open In The Red

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RTTNews | 3h 25min ago
No Help Yet For Hong Kong Stock Market

No Help Yet For Hong Kong Stock Market

The Hong Kong stock market has moved lower in three straight sessions, sliding more than 650 points or 2.6 percent along the way. The Hang Seg Index now sits just above the 24,950-point plateau and it's likely to extend its losses on Friday.
RTTNews | 3h 40min ago