|Day's Range||7,556.20 - 7,689.44|
|52 Week Range||6,866.90 - 7,903.50|
Ahead of the second anniversary of the historic vote, CNBC's Wilfred Frost reports on the process of Brexit negotiations between the United Kingdom and the European Union.
European markets opened slightly higher Friday morning, amid ongoing tensions in the energy market ahead of an OPEC meeting that could expand crude production.
European markets opened higher Thursday morning amid growing tensions in the oil market ahead of an OPEC meeting that could expand crude production.
NEW YORK (AP) — Oil prices and energy companies rallied Friday after OPEC said it will produce more oil, but not as much as investors feared. While trade tensions remained in the headlines, U.S. stocks finished slightly higher at the end of a bumpy week.
The S&P 500 gained 11 points or 0.41% to 2,761.92 as of 9:42 AM ET (13:42 GMT) while the Dow composite increased 144 points or 0.59% to 24,606.55 and tech heavy NASDAQ Composite fell over nine points or 0.13% to 7,703.28.
Britain's top share index rebounded on Friday to post a weekly gain as oil majors got a boost from an OPEC deal to modestly raise output, helping to soothe fears over a trade war and the revived prospect of an interest rate hike in August. The FTSE 100 (.FTSE) ended the day up 1.7 percent, a rise which allowed it to finish on a weekly gain of 0.6 percent and avoid a fifth straight week of losses. Heavyweights BP (BP.L) and Royal Dutch Shell (RDSa.L) rose 3 percent and 3.3 percent respectively as oil prices jumped more than 4 percent after major producers agreed to modest crude output increases to compensate for losses in production at a time of rising global demand.
Stocks across Europe gain ground Friday, as Greece reaches a debt-relief deal with its creditors and as preliminary French and German services activity data come in ahead of expectations.
U.K. stocks finished sharply higher Friday, helped by a rally for the energy sector as oil prices gained, with the advance flipping the FTSE 100 benchmark into the green for the week. The FTSE 100 (^FTSE)jumped 1.7% to close at 7,682.27, after dropping 0.9% Thursday.
OPEC ministers meeting in Vienna have agreed on oil production levels for their countries and crude-producing nations cooperating with the cartel. European stocks finished Friday on a high note, as investors cheered on news coming out of an OPEC meeting in Austria. Looking to Europe's bourses, the FTSE 100 jumped 1.67 percent, the French CAC 40 popped 1.34 percent, while the German DAX closed up just 0.54 percent, as pressure from German automakers weighed.
Investing.com – U.S. futures were higher on Friday, as investors put aside their trade war fears.The S&P 500 futures rose 12 points or 0.45% to 2,765.0 as of 6:45 AM ET (10:45 GMT) while Dow futures increased 107 points or 0.44% to 24,579.0. Meanwhile tech heavy Nasdaq 100 futures gained 26 points or 0.37% to 7,264.50.While equities were higher, they were still on track for their worst weekly loss in three months as trade tensions between the U.S. and its allies lingered. ...
The United Kingdom’s FTSE 100 Index lost strength on June 21 and declined to seven-week low price levels. However, the FTSE 100 Index opened higher on Friday and was trading with strength in the early hours.
Global stocks mixed as investors count trade war costs, await OPEC decision. Oil grinds higher as reports say Russia and Saudi Arabia back a 1 million bpd output increase. Wall Street futures point to stronger open as Dow looks to snap 8-day losing streak.
Economist: ‘The most striking impact of Brexit has been the lower growth momentum’AFP/A man walks past a Brexit poster at last year’s Conservative party annual conference. Remember the market-shaking Brexit vote? As of Saturday, it has been exactly two years since U.K. voters backed leaving the European Union, with 52% supporting an exit and 48% wanting to remain.
Investors pulled a record amount of money from global and emerging-market equity funds in the past week, when rising trade tensions and a strengthening dollar sent a shockwave through east Asian markets. ...
Despite recent momentum, shares in Ashtead are still trading on 14 times forecast earnings, in line with the historic average. Given the potential for further growth in the US (Congressional approval of the Trump initiatives), strong execution of the strategy and improving cash flow, we still think the shares have further to run. As an equipment hire group with a huge operation in North America, Ashtead can be seen as a play on US infrastructure spending and the “builder-in-chief” promises of Donald Trump, the US president.
The S&P 500 fell two points or 0.09% to 2,764.95 as of 9:40 AM ET (13:40 GMT) while the Dow composite decreased 93 points or 0.38% to 24,564.35 and tech heavy NASDAQ Composite rose over six points or 0.08% to 7,788.04.
Shire wins FDA treatment approvalReutersBank of England Gov. Mark Carney held the U.K.’s benchmark interest rate at 0.5% on Thursday. The U.K.’s blue-chip benchmark slid Thursday, falling as oil shares extended losses, while the pound jumped after one more Bank of England policy maker joined the ranks in voting for an interest-rate increase. The pound (GBPUSD) leapt to $1.3250, regaining the $1.3200 handle after the Bank of England issued its monetary policy decision.
European stocks fell Thursday, suffering their fourth loss in five sessions, with auto shares under pressure and Italian shares flipping down following developments surrounding the country’s coalition ...
The pan-European Stoxx 600 closed provisionally down 0.86 percent Thursday with almost all sectors and major bourses in negative territory. Market focus was largely centered on a meeting of major oil producers taking place in Vienna. European markets closed lower Thursday against a backdrop of tension in the oil market ahead of an OPEC meeting outcome that could expand crude production.
SEOUL, South Korea (AP) — Asian stocks fell Friday following Wall Street losses overnight as investors were still wary over trade disputes between China and the U.S. as well as between the U.S. and Europe that could hurt corporate profit and jobs.
Investing.com – U.S. futures were lower on Thursday as global trade tensions kept investors on edge.The S&P 500 futures lost seven points or 0.25% to 2,765.0 as of 6:45 AM ET (10:45 GMT) while Dow futures decreased 85 points or 0.34% to 24,585.0. Meanwhile tech heavy Nasdaq 100 futures fell 18 points or 0.25% to 7,294.75.The European Union is expected to impose tariffs on about $3.4 billion of U.S. imports on Friday, including motorcycles, orange juice and cranberry sauce. The expected tariffs have added to tensions as investors fear an outright global trade war between the U.S. ...
The United Kingdom’s FTSE 100 Index closed higher on Wednesday and broke the three-day losing streak. Carrying forward the strength, the FTSE 100 Index opened higher on June 21 and was trading with strength at higher prices in the morning session.
British insurer Legal & General (LGEN.L) is aiming for annual operating profit growth of 8 to 10 percent at its fund management business as part of a broader overhaul that includes plans to expand internationally. Legal & General Investment Management (LGIM), one of the world's largest asset managers with nearly 1 trillion pounds ($1.32 trillion) in assets, said it would give more details of the plans later on Wednesday at a meeting with investors. As part of its overhaul, L&G will also look to increase the range of its investments products, as well as expand its pensions, retail and personal investing businesses, it said in a statement.
President Donald Trump has reversed course on his controversial policy of separating children from their parents after illegal border crossings, in a dramatic U-turn that followed intense criticism from ...
TOKYO (AP) — Asian stock markets mostly rose Thursday as concern fades over the trade tensions between the U.S. and China. Uncertainty remains, but the original tariff threats made earlier in the week were not followed by material action.