FTSE 100 Rises As Energy Stocks Rally

RTTNews | 1045 days ago
FTSE 100 Rises As Energy Stocks Rally

(RTTNews) - U.K. stocks rose on Tuesday as a rally in crude oil prices helped lift energy stocks. The benchmark FTSE 100 rose 51 points, or 0.7 percent, to 7,172 after adding 1.5 percent on Monday.

BP Plc advanced 1.3 percent and Shell added 1.4 percent as WTI crude futures rose more than 2 percent amid tight supplies of crude and fuel products.

John Wood Group rose about half a percent. The engineering and consulting business named Ken Gilmartin as its new chief executive officer effective from 1 July 2022.

Online supermarket Ocado slumped 4.4 percent after raising £575m in a share placing to fund its expansion.

Packaging group DS Smith added 1.2 percent after it reported strong growth in profits and sales for the year to the end of April.

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UK Mortgage Approvals Lowest In 8 Months

UK Mortgage Approvals Lowest In 8 Months

UK mortgage approvals decreased to the lowest level in eight months in March despite home buyers rushing to complete the transactions ahead of the rise in stamp duty, official data revealed on Thursday. Mortgage approvals decreased 800 to 64,309 in March, the Bank of England said. Approvals for house purchases, an indicator of future borrowing, decreased for the third straight month.
RTTNews | 27 minutes ago
Yen Slides As Bank Of Japan Retains Rate As Expected

Yen Slides As Bank Of Japan Retains Rate As Expected

The Japanese yen weakened against other major currencies in the Asian session on Thursday, after the Bank of Japan left its interest rate unchanged for the second consecutive meeting and downgraded its growth projections citing trade tariff threats.
RTTNews | 3h 26min ago
Commodity Currencies Rise Amid Risk-on Mood

Commodity Currencies Rise Amid Risk-on Mood

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday amid increased risk-on mood, as traders booked some profits after the recent upside in markets and a report showing the U.S. economy unexpectedly shrank in the first three months of 2025 generated some optimism about the outlook for interest rates.
RTTNews | 3h 41min ago
Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 4h 52min ago
Bank Of Japan Retains Rate As Expected; Cuts Growth Outlook Amid Tariff Uncertainty

Bank Of Japan Retains Rate As Expected; Cuts Growth Outlook Amid Tariff Uncertainty

The Bank of Japan left its interest rate unchanged for the second consecutive meeting on Thursday, and downgraded its growth projections citing trade tariff threats. The policy board decided, by a unanimous vote, to hold the uncollateralized overnight call rate to remain at around 0.50 percent. This was the highest level since the global financial crisis in 2008.
RTTNews | 4h 52min ago
European Economic News Preview: UK Mortgage Approvals, Factory PMI Due

European Economic News Preview: UK Mortgage Approvals, Factory PMI Due

Mortgage approvals and final manufacturing Purchasing Managers' survey results from the UK are the major reports due on Thursday, while most of the European markets are closed for the Labor day holiday. At 2.30 am ET, Switzerland's Federal Statistical Office releases retail sales data for March. Sales are forecast o grow 1.9 percent on a yearly basis, following a 1.6 percent rise in February.
RTTNews | 5h 17min ago