28134
Glencore Rally Helps UK Stocks Pare Weekly Decline
World Economy

Glencore Rally Helps UK Stocks Pare Weekly Decline

UK stocks rose for a second day to trim their weekly drop, fueled by a rally in Glencore Plc, according to Bloomberg. Glencore climbed 3.6% after investor Blackrock Inc. said the company’s plan to cut debt was a ‘positive step.’ None of the members of the FTSE 100 Index fell more than 1%. The FTSE 100 rose 0.6% to 6,377.89 at 9:07 a.m. in London, trimming a weekly decline that was mostly driven by weak economic data out of China. Before then, an eight-day rally had been fueled by gains in commodity producers and optimism that the Federal Reserve won’t rush to raise rates. The broader FTSE All-Share Index climbed 0.6 percent today, while Ireland’s ISEQ Index added 0.9%.

Short URL : https://goo.gl/WmK3yP
  1. https://goo.gl/9fZZya
  • https://goo.gl/1ggCev
  • https://goo.gl/w3DG2a
  • https://goo.gl/6rTpAc
  • https://goo.gl/ic6kob

You can also read ...

Bank of Japan Keeps Policy Steady
The Bank of Japan kept its monetary stimulus unchanged...
Sub-Saharan Africa is still the world’s least industrialized region.
While much of Africa has achieved impressive economic growth,...
Asian central banks are not expected to mirror the Fed rate cycle as closely as in the past. The picture shows Indonesia Central Bank.
As the Federal Reserve signals an end to its decade of...
German Ministry Optimistic About Third Quarter Growth
Germany’s economy weakened at the start of the third quarter...
WTO head Roberto Azevedo renews his concerns over worrying political headwinds, especially protectionism.
The World Trade Organization on Thursday upped its forecast...
Russia Overcomes Recession
The national economy is growing and creating a base for future...
China Vexed Over S&P Credit Rating Downgrade
China is angry at Standard and Poor’s following a downgrade of...
ECB: Immigration Boosts Euroland Labor Force
Immigrants have made a large contribution to the working-age...

Trending

Googleplus