FTSE 100 rises on upbeat energy, metal stocks
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
FTSE 100 up 0.4%, FTSE 250 Flat
Oct 2 (Reuters) -The UK's benchmark FTSE 100 stock index opened higher on Wednesday, led by energy and industrial metal mining shares, while JD Sports fell after the Nike retailer kept annual outlook unchanged despite a first-half profit beat.
The blue-chip FTSE 100 .FTSE was up 0.4% by 07:20 GMT, while the more domestically-focussed midcap FTSE 250 index .FTMC was flat.
Heavyweight oil and gas shares .FTNMX601010 rose 2.5% as oil prices jumped by more than a dollar due to rising concerns that the Middle East tensions could escalate, potentially disrupting crude output from the region, following Iran's biggest ever military blow against Israel. O/R
The industrial metal miners .FTNMX551020 gained 1% on higher copper prices, buoyed by brighter demand prospects after China's stimulus measures. MET/L
JD Sports Fashion JD.L tumbled 5.5% to the bottom of FTSE 100, as the sports retailer did not update its annual guidance despite beating market outlook for first-half profit, citing a 20 million pound ($26.6 mln) foreign exchange headwind in the second half of the year.
The automobiles and parts index .FTNMX401010 led sectoral declines, down 1.3%, as Aston Martin AML.L lost 3.6%, extending declines to a third consecutive session.
Elsewhere, pay settlements awarded by British employers held at their lowest in two years in the three months to August, according to a survey that could reassure the Bank of England as it considers whether to cut interest rates again.
Reporting by Khushi Singh in Bengaluru; Editing by Rashmi Aich
For related prices, Reuters users may click on - * UK stock report .L FTSE index: 0#.FTS6 techMARK 100 index: .FTT1X FTSE futures: 0#FFI: Gilt futures: 0#FLG: Smallcap index: .FTSC FTSE 250 index: .FTMC FTSE 350 index: .FTLC Market digest: .AD.L Top 10 by vol: .AV.L Top price gainers: .NG.L Top % gainers: .PG.L Top price losers: .NL.L Top % losers: .PL.L * For related news, click on - * UK hot stocks: HOT and GB Wall Street: .N Gilts report: GB/ Euro bond report GVD/EUR Pan European stock report: .EU Tokyo stocks: .T HK stocks: .HK Sterling report: GBP/ Dollar report: USD/ * For company prices, click on - * Company directory: UKEQ By sector: FTAX * For pan-European market data, click on - * European Equities speed guide................ EUR/EQUITY FTSE Eurotop 300 index........................... .FTEU3 DJ STOXX index................................... .STOXX Top 10 STOXX sectors........................ .PGL.STOXXS Top 10 EUROSTOXX sectors................... .PGL.STOXXES Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S Top 25 European pct gainers.................... .PG.PEUR Top 25 European pct losers..................... .PL.PEUR
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
