Markets

Oil up on hopes of trade talks

Oil up on hopes of trade talks

The FTSE 100 had a strong start to the day, up 0.883pc at 6,871.01, as traders expected US stocks to open in the blue, adding support to the UK’s top shares that had begun to fade. Oil prices rose, with international benchmark Brent crude rising 1.66pc to $58.28, on hopes […]

Oil surges with support from OPEC cuts

Oil surges with support from OPEC cuts

The FTSE 100 took a turn for the worse at 6,809.72 as shares in UK energy giant Centrica plummeted 4.77pc, after Jefferies lower its stance on the British Gas owner, pointing to dividend risk. Brent crude climbed 2.42pc at $58.44, achieving its biggest week-on-week gain in two years, with support […]

China provides boost to the markets

China provides boost to the markets

The FTSE 100 surged 1.354pc to 6,783.30 following news from China that its manufacturing reading in the Caixin Survey was 1pc above its forecast, while the Chinese Government said it would assist the economy after broadly disappointing economic indicators were released. Mining giants led a strong FTSE 100, with Antofagasta […]

Concerns over China weigh on markets

Concerns over China weigh on markets

The FTSE 100 dropped 0.626pc to 6,692.06 as concerns mounted over the state of the Chinese economy, which triggered a fall in mining stocks with shares in Evraz plummeting 4.84pc. Brent crude was up 0.47pc at $55.17, although oil price gains were limited by volatility on the currency markets and […]

Miners weigh on FTSE 100

Miners weigh on FTSE 100

The FTSE 100 was down 0.813pc at 6,673.43 as investors remained focused on the wider global economy – specifically the slowdown in China and the continued uncertainty over the US Government budget. The heavily weighted mining giants weigh on the UK index with losses in excess of 4pc across the […]

Oil prices set for 10pc weekly loss

Oil prices set for 10pc weekly loss

The FTSE 100 dropped 0.325pc to 6,690.12, despite the strength of the heavily weighted mining sector, on the prospect of the US Government shutting down if the Senate dismissing Trump’s funding proposals. Brent crude plummeted a further 2.06pc to $53.23 – the lowest since the third quarter of 2017 – […]

Oil prices drop to lowest level in over a year

Oil prices drop to lowest level in over a year

The FTSE 100 slumped to a two year low after a fourth interest rate rise in 2018 at the US central bank during the morning session, but managed to regain ground in the early afternoon to trade at 6,744.00. Brent crude plummeted down 3pc to $55.52 as oil prices hit […]

Brent crude stabilises after yesterday’s losses

Brent crude stabilises after yesterday’s losses

The FTSE 100 rose 0.914pc to reach 6,762.81 ahead of midday trading as US future stocks rose ahead of the Federal Reserve’s rate decision, with strong performances across the mining and oil sectors. Brent crude stabilised at $56.29 after one of its biggest falls on Tuesday, which was encouraged a […]