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 ...

 Final Nail in Abraaj Coffin
The Abraaj Group has been put through the ringer in past...
Saudi Arabia Bleeds as Capital Flight Continues
As Saudi Arabia raises the stakes in its dispute with Canada...
Experts Say China Economy Manageable
Recent external pressures, a general global trade malaise...
Qatar Pledges $15b Investment :      Turkish Lira Weakens 6% on Threat of More US Sanctions
Turkey’s battered lira weakened more than 6% against the...
Indonesia Sets Moderate Growth Goals
Amid rising external pressures, Indonesia’s economy is...
Europe Should Resist Illegal US Penalties
European countries should take effective steps to counter US...
 Crypto Scams on the Rise in UK
Crypto currency scams are using images of celebrities and...
Australia Drought Could Cost $12 Billion
The Reserve Bank of Australia and a new report have warned of...