Investing.com - Financial Markets Worldwide
💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

FTSE 100 heads for fifth day of gains

Published 06/07/2019, 03:26 PM
Updated 06/07/2019, 03:30 PM
FTSE 100 heads for fifth day of gains
UK100
-
FXPO
-
FTMC
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 0.5%; FTSE 250 up 0.2%
* Oil majors, miners biggest boost
* Ferrexpo rises after H1 forecast
* Eyes on U.S. non-farm payrolls

June 7 (Reuters) - Sharp rises in Shell and BP shares helped
Britain's main stock index gain for the fifth consecutive
session on Friday, as signs of a softening in the U.S.-Mexico
trade tensions lifted markets globally.
The FTSE 100 index .FTSE added 0.5% by 0711 GMT, with the
FTSE 250 midcap index .FTMC rising 0.2%, led by iron ore miner
Ferrexpo.
All but one sector in the blue chip index was in the
positive territory with a rise in global crude prices pushing
both oil majors around 1% higher.
After the European Central Bank on Thursday disappointed
some with its moves towards policy stimulus, investors will
focus on U.S. jobs data expected later in the day for more signs
on the scale of potential interest rate cuts in the world's
biggest economy. Tobacco stocks and consumer giants, considered safer bets at
times of macro-economic uncertainties, were also in demand,
however, in a sign of the continuing nerves over global growth
that have dominated markets since the start of May.
Ferrexpo FXPO.L rose nearly 8% after saying it expected
first-half core earnings to rise "materially" on the back of
higher pricing, production and sales volumes.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.