• Latest
  • Trending
Banks, energy shares lift FTSE 100

Banks, energy shares lift FTSE 100

Investors caught off guard as Bank of Canada’s inflation indicator fails

BoC sets rates to two-decade peak with room for more

US markets’ slump deepens to a half-year peak; its consequences

US markets’ slump deepens to a half-year peak; its consequences

Dollar edges up as jolt from Fed minutes wanes

Dollar unflinchingly holds position amid uncharted numbers

Deutsche Bank snapped by Credit Suisse

Timeline until: Credit Suisse stumbled and UBS went to its aid

Relentless debt: US loans are dragging; root cause multiplies

Relentless debt: US loans are dragging; root cause multiplies

UK to slash bond issuance

Banks toss bets for high-jeopardy bonds

Support measures push Japanese corporate bankruptcies to 50 year low

Policymaker assembly ends with yen standing upright

Presently placid, the Fed is readying another shock

Presently placid, the Fed is readying another shock

Minor investors rejoice upon Chinese market rebound

Minor investors rejoice upon Chinese market rebound

China, US working hard on solution to audit dispute

US analysis of Chinese costs will not rely on the bloom time

Trend-setter Shein on Mexico expansion ideals

Trend-setter Shein on Mexico expansion ideals

Chip firm CXMT in dire straits with legislators chasing tails

Chip firm CXMT in dire straits with legislators chasing tails

Global Business Review Magazine
Saturday, June 10, 2023
Nominate Here
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
No Result
View All Result
Global Business Review Magazine
No Result
View All Result

Banks, energy shares lift FTSE 100

Banks, energy shares lift FTSE 100

An employee views a FTSE share index board in the atrium of the London Stock Exchange Group Plc's offices in London, U.K., on Wednesday, May 29, 2019. While the FTSE 100 Index has climbed about 15 percent since June 2016 in local currency, it's down in both euro and dollar terms. Photographer: Luke MacGregor/Bloomberg via Getty Images

London’s FTSE 100 rallied from recent losses. This is as a sign of a recovery, saw investors piling into economically sensitive sectors, with energy stocks rising as oil prices hit three-year highs. The blue-chip FTSE 100 index gained 0.9%. This is after three straight sessions of losses. The benchmark UK 10-year bond yield touched a more than two-year high on persisting inflation expectation.

Keith Temperton, sales trader at Forte Securities said that he thinks today is a continuing trade. Since they have had the Bank of England talking about rates, these trades were going on and today with extra spike in yields that is just adding fuel to that sort of asset reallocation. Britain’s post-lockdown economic recovery avoided losing further momentum in September. But companies increased prices at the fastest pace on record. This adds to the signs of rising inflation.

YOU MAY ALSO LIKE

US markets’ slump deepens to a half-year peak; its consequences

Dollar unflinchingly holds position amid uncharted numbers

The domestically focused mid-cap index advanced 0.3%. Baker and fast-food chain Greggs provided the biggest support. A jump in oil prices to three-year highs also supported the benchmark index. The FTSE 100 index has gained nearly 9% so far this year. This is because of the support from accommodative central bank policies. The index is around 10% away from its pre-pandemic peaks. Craig Erlam, senior analyst at Oanda said that there’s still massive economic risks mounting in the final months of the year. He thinks that it is going to be an interesting test. But the markets are only going to pull back so far before it generates interest once more. He thinks that they are now approaching that point. Melrose Industries declined 1.1%.

Tags: FTSE 100Recovery
ShareTweetShare

Search

No Result
View All Result

Recent News

Investors caught off guard as Bank of Canada’s inflation indicator fails

BoC sets rates to two-decade peak with room for more

US markets’ slump deepens to a half-year peak; its consequences

US markets’ slump deepens to a half-year peak; its consequences

Dollar edges up as jolt from Fed minutes wanes

Dollar unflinchingly holds position amid uncharted numbers

Deutsche Bank snapped by Credit Suisse

Timeline until: Credit Suisse stumbled and UBS went to its aid

Relentless debt: US loans are dragging; root cause multiplies

Relentless debt: US loans are dragging; root cause multiplies

UK to slash bond issuance

Banks toss bets for high-jeopardy bonds

Global Business Review Magazine

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

  • BoC sets rates to two-decade peak with room for more
  • US markets’ slump deepens to a half-year peak; its consequences
  • Dollar unflinchingly holds position amid uncharted numbers
  • Timeline until: Credit Suisse stumbled and UBS went to its aid
  • Relentless debt: US loans are dragging; root cause multiplies

Categories

  • Banking
  • Business
  • Events
  • Finance
  • FinTech
  • Tech
  • Uncategorized
  • Videos
  • About
  • Nominate
  • Privacy & Policy

© 2023 Global Business Review Magazine - All Rights Reserved.

No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

© 2023 Global Business Review Magazine - All Rights Reserved.

Go to mobile version