UK’s FTSE 100 closes slightly up as falling energy shares offset China-driven rally

Date:


reuters_tickers

By Lisa Pauline Mattackal and Shashwat Chauhan

(Reuters) -UK’s FTSE 100 closed up on Thursday, though lagging its European peers as energy giants slipped tracking declining crude oil prices, which offset gains from China-exposed pockets of the market following Beijing’s latest pledge for more policy measures.

The blue-chip FTSE 100 closed 0.2% up, underperforming peers on the continent. Europe’s STOXX 600 and Germany’s DAX ended more than 1% up.

Heavyweight energy shares eased 4.4% as crude oil prices dropped more than 2% on a media report that Saudi Arabia will give up its price target in preparation for raising output, and as OPEC+ looked set to raise output in December. [O/R]

“Growing concerns of…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...