FTSE 100 rallies with crude stocks up
On Tuesday, British blue chip equities jumped, with well-received corporate updates as well as profits for crude producers assisting the market's benchmark to chip away at a steep loss logged during last session.
The FTSE 100 index UKX climbed up 0.5% showing 7,413,89, and only a couple of components found themselves in the red.
Additionally, equities of Wm. Morrison Supermarkets PLC MRW sank 0.8% right after the company’s market share declined to 10.5% by July 16.
Both BP PLC BP and Royal Dutch Shell PLCRDSB acquired 0.45%.
Crude futures gained after Nigeria and Saudi Arabia made fresh promises to pull back on output and exports, spurred hopes for greater market rebalancing.
Mediclinic International PLC equities soared 1% after the healthcare group informed that Danie Meintjes intends to retire from his position as company director and chief executive by July 2018.
On Monday, the FTSE 100 sank 1% affected by drops for airlines.
The US-China trade war escalates
More tariffs were introduced
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review ...
Futures head south after China data points to decelerating retail sales
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Bitcoin dives 14%, slumping below $5,000
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.