Find Your Broker
Name Symbol Market Type
FTSE 100 FTSE:UKX FTSE Indices Index
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  +40.00 +0.58% 6,895.02 6,910.45 6,849.63 6,855.02 0 16:35:31

LONDON MARKETS: FTSE 100 Notches Best Day In 8 Months As Energy And Mining Shares Gain

28/12/2018 6:35pm

Dow Jones News


FTSE 100
Index Chart

1 Month : From Dec 2018 to Jan 2019

Click Here for more FTSE 100 Charts.

By Emily Horton

London's benchmark has been up in two of the past three weeks

London's main bourse registered its best daily gain in about eight months on Friday, with major oil companies and mining stocks driving gains. (CNA.LN)

What did markets do?

The U.K.'s FTSE 100 rose in line with other European markets, with most well over 1%. The index advanced 2.2% to 6,733.97, after finishing down 1.5% on Thursday. In a shortened, but volatile, week of trade. For the week, the FTSE 100 climbed by 0.2%.

The pound climbed to $1.2691 from $1.2643 late Thursday in New York.

What is driving the markets?

Despite a wild week of trading in the U.S., equities there managed to rebound Thursday, with gains set to continue into Friday's session. The Dow Jones Industrial Average erased a sharp loss (http://www.marketwatch.com/story/stock-market-investors-fear-wicked-bear-trap-after-historic-one-day-rebound-2018-12-27) on Thursday that knocked 611 points, or 2.7%, off the blue-chip gauge at one point.

But investors remain wary after Wall Street's recent oscillations in stocks, with Asian markets managing only cautious gains (http://www.marketwatch.com/story/nikkei-retreats-while-other-asian-markets-eke-out-cautious-gains-2018-12-27) Friday.

(https://www.bloomberg.com/news/articles/2018-12-27/euro-stoxx-50-enters-bear-market-as-year-end-rally-hope-vanishes)An earlier gain Friday in oil prices also helped push heavily weighed energy companies higher. (http://www.marketwatch.com/story/oil-prices-rebound-a-day-after-another-big-pullback-supply-data-ahead-2018-12-28)

What stocks are active?

Engineer Melrose Industries PLC (MRO.LN) jumped 4.1%, energy company Centrica PLC (CNA.LN) gained 3.4% and oil-services group John Wood (WG.LN)finished the session with a 4.3% gain. BP PLC (BP.LN) (BP.LN) advanced 3.5%.

Mining stocks also rose, with Anglo American PLC (AAL.LN) up 2.3% and shares of Rio Tinto (RIO.LN) (RIO.LN) climbing 1.4%.

 

(END) Dow Jones Newswires

December 28, 2018 13:20 ET (18:20 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

1 Year FTSE 100 Chart

1 Year FTSE 100 Chart

1 Month FTSE 100 Chart

1 Month FTSE 100 Chart
Your Recent History
FTSE
UKX
FTSE 100
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20190116 05:26:05