FTSE rises following US midterm results

FTSE rises following US midterm results

FTSE 100 rose to 7,150.03 this morning following the prospect of a Republican-controlled Senate following yesterday’s elections, with investors opting for equities.

Shares in London and Johannesburg-listed Kibo Energy Plc rose by 16pc following the confirmed tender offer with Tanzania state electricity firm.

Brent crude futures were down 14 cents at $71.93 from the last close, which has been attributed to rising global stockpiles and increasing output levels.

Sterling rose by 0.49pc against the dollar at $1.31 after UK Brexit Secretary Dominic Raab indicated significant progress has been made on withdrawal talks.

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