FTSE 100 rises 0.4% as oil prices fall
The FTSE 100 rose 0.4% to 10,736.81 points by 1118 GMT as falling oil prices boosted risk appetite.
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The FTSE 100 rose 0.4% to 10,736.81 points by 1118 GMT as falling oil prices boosted risk appetite.
Oil rose 2.8% to $97.77. U.S. stocks were mixed midway through trading, with the Dow up 0.93%, the Nasdaq down 0.24% and the S&P 500 up 0.16%.
Citi said Novo Nordisk's third-quarter sales could come in 1% above consensus, helped by a strong Wegovy pill launch in the U.K. The bank cut its target price to 296 kroner from 310 kroner and kept a neutral rating.
Bitcoin rose 0.9% to $82,468 after touching a two-and-a-half-week low, as risk appetite improved on hopes of diplomatic progress in the Middle East conflict. The move also came as oil prices eased and the dollar softened.
U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling over 200 points on Wednesday. The Dow traded down 0.42% to 51,135.81 while the NASDAQ rose 0.86% to 27,028.35. The S&P 500 also rose, gaining, 0.32% to 7,695.23. Leading and Lagging Sectors Information technology shares jumped by 1.2%
FTSE 100 rose 0.34% to 10,721.48 by 0925 GMT, with pharma shares up after AstraZeneca agreed a $2 billion stake in Summit Therapeutics.
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Sept 24 (Reuters) — London shares fell on Thursday as crude oil prices continued to rise amid little progress towards a US-Iran deal, fuelling inflation concerns and lifting government bond yields. The blue-chip
The FTSE 100 gained 0.4% on Friday, recovering from a prior seven-week low as UK GDP growth beat expectations and oil prices eased. Banks led gains, while BAE Systems fell more than 1%.
Europe’s Stoxx 600 is about 0.3% lower in early trade, pressured by inflation-vulnerable stocks. London’s FTSE 100 is about flat, while the CAC 40 is down around 0.25%.
Crude oil prices fall 4% to $69.05, while US consumer sentiment rises to 49.5 in June