LONDON MARKETS: FTSE 100 Finishes Higher, Powered By Energy Stocks

U.K. blue-chip stocks finished with gains Tuesday, as shares in energy-related companies rallied. However, some supermarket shares were dragged down by new industry sales figures. How markets are moving: The FTSE 100 index rose 0.6% to end at 7,500.41, building on Monday’s rise of 0.8% …

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Market report: Oil climbs above $65 for first time in two years

Oil giants BP and Royal Dutch Shell “B” climbed 12.3p to 511p and 35.5p to £24.48, respectively, to help lift the FTSE 100 46.93 points higher at 7,500.41. Elsewhere, “Big Four” supermarkets Sainsbury’s and Morrisons were the biggest fallers on blue-chip index after ceding more market share to the …

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Gold In A Rut As Inflation Picks Up

Gold prices inched down Tuesday, extending 4-month lows after inflation data cemented expectations for an interest rate hike tomorrow.

Gold was down $5 at $1241.80 an ounce, the lowest since July.

Producer prices in the U.S. increased by slightly mo…

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Petrofac climbs in wake of Oman contract win

A wider market rally lifted the FTSE 100 by 0.6 per cent, up 46.93 points, to 7,500.41. Utilities gained as gas and power prices spiked higher across Europe in response to news that the Forties gas pipeline, which supplies around a third of the UK mark…

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USD/JPY Searches for a Top Ahead of FOMC

USD/JPY is approaching multi-month range highs ahead of key U.S. event risk tomorrow. Here are the updated targets & invalidation levels that matter from here.

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FTSE 100 rally fuelled by energy stocks rise

The FTSE 100 is higher as energy stocks are receiving a boost from the upturn in the oil market on account of the Forties North Sea pipeline being closed for maintenance. Europe. Brent Crude oil hit a level not seen since early June 2015 and that has p…

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Oil giants rally pushes London market higher

Energy giants helped the London market rally higher on Tuesday as investors responded to a choppy day’s trading on the oil and gas markets. The FTSE 100 Index closed up 46.93 to 7,500.41 as shares in Royal Dutch Shell B and BP rose 35.5p to 2,448p and 12.3p to 511p respectively in response to …

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LONDON MARKET CLOSE: Oil Boosts FTSE With Pound Unmoved Ahead Of BoE

LONDON (Alliance News) – The FTSE 100 closed at its highest level in over a month, buoyed by gains from Ashtead and oil majors, while rising UK … “The FTSE 100 has enjoyed a largely positive session today, despite a rise in inflation putting the headline CPI reading at the highest since 2013.

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Glencore targets key role in electric vehicle revolution

Mining giant Glencore is looking to become a key player in the electric vehicle revolution by doubling its production of cobalt, a metal used in car batteries. The FTSE 100 miner and trading house could hold around 40pc of the global market for cobalt …

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FTSE 100 movers: Experian boosted by upgrade; supermarkets slump

London’s FTSE 100 was up 0.5% to 7,491.14 in afternoon trade on Tuesday as investors digested the latest UK inflation figures. Consumer credit reporting agency Experian was the standout gainer after an upgrade to ‘outperform’ at Exane BNP Paribas. British Gas owner Centrica followed close behind, …

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UK CPI rises but sterling spike was short-lived

The FTSE 100 is the outperformer in Europe this morning as the weakened pound is keeping the index in positive territory.. The spike in the pound after the UK inflation report was short-lived, and this assisted the British equity benchmark. Ashtead rev…

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US stock indexes mostly higher in early trade; oil falls

BOND YIELDS: Bond prices fell. The yield on the 10-year Treasury rose to 2.40 percent from 2.39 percent late Monday. MARKETS OVERSEAS: Major stock indexes in Europe were mixed. Germany’s DAX was flat, while the CAC 40 of France gained 0.4 percent. Britain’s FTSE 100 was up 0.3 percent.

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Parabolic SAR Indicator Formula and Strategy

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Where can USD be Bought and Sold at Profit?

Experts say that the US dollar is going to gain strong momentum this trading week. Counting the days before the Fed’s policy meeting, traders take less notice of other assets. In the Asian session, the US dollar kept on a steady rally against the Japanese yen. The USD/JPY pair is now trading flat close to 113.40. Analysts assume the pair is on track to reach 114.00 in a few trading days. This scenario […]

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Poland Core Inflation Accelerates In November

Poland’s core inflation accelerated in November after easing in the previous month, figures from the National Bank of Poland showed on Tuesday.

The consumer price index net of food and energy prices rose 0.9 percent year-on-year following 0.8 percent…

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Pound Traders Ignore Macroeconomic Data

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Daily Forex News and Analysis — December 12th 2017

US stocks traded higher on Tuesday as gains in the Telecoms, Technology, and Energy sectors led shares higher. The Dow Jones rose by 0.23%, the S&P 500 by 0.32%, and the NASDAQ added 0.51% to its value. The US dollar reversed most of its early weakness on Monday before the Federal Reserve is expected to hike rates on Wednesday, though concerns about tepid inflation still weigh on the greenback. Today, the PPI is expected at 0.4% vs.. […]

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