Rising oil prices on FTSE help commodity firms
London’s FTSE 100 Index surged close to a new all-time high as the traditional Santa rally gave blue chips a boost.
commodity
Africa needs to face reality of low commodity prices, IMF warns
African commodity exporters risk a “disorderly” hit to their economies if they don’t adapt to the reality of low prices, said a senior official at the International Monetary Fund.
Sterling slump means costlier commodities for post-brexit UK
The collapse in the pound since U.K. voters chose to quit the European Union means more expensive imports of oil, natural gas and industrial metals, although some farmers and distillers may have cause to celebrate.
Falling oil price puts commodities under pressure
The London market was teetering on the brink of a four-month low after Wednesday’s bounce-back was scuppered by Brexit fears.
FTSE 100 up following commodity stocks rally
London’s top flight index was in positive territory as commodity stocks rallied amid rising oil prices and the fading chance of a US interest rate hike in June.
FTSE 100 index rises slightly as oil price drop hits commodity stocks
London’s top flight index struggled for direction as commodity stocks came under pressure after the strong dollar sparked a drop in the price of oil.
Commodity stocks weigh heavy on FTSE 100
London’s top-flight index was dragged into the red as a lacklustre performance from commodity stocks weighed heavy on the market.
FTSE 100 index unfazed by manufacturing slump as oil price strengthens
The London market shrugged off disappointing data from the UK economy as a surge in the oil price boosted commodity stocks.
FTSE 100 index boosted by oil price
The London market opened on the front foot as higher oil prices boosted commodity stocks.
Commodity stocks weigh heavy on the market following drop in oil price
London’s top flight index struggled to make gains, as commodity stocks weighed heavy on the market following a drop in the price of oil. The FTSE 100 Index was down 1.4 points to 6188.24 following the fresh fall in the price of Brent crude, which edged down by as much as 50 cents since the start of the session before showing signs of stabilising.
Central Bank depleted by Azeri crisis as oil brings no boost
The once-in-a-generation crash in oil prices sent the Azeri economy staggering into a crisis and the central bank is running out of options to stop the unraveling.
City’s eyes on Centrica amid fall in commodity prices
The City will focus on price reductions and cost-cutting programmes at British Gas owner Centrica, while supermarket Asda updates on its plans to bolster falling sales.
BOE keeps rate at 0.5% as oil and wages weigh on inflation
Bank of England officials said low oil prices and subdued wage growth will keep a lid on inflation as they left their key interest rate at a record low. In the minutes of its December meeting, the Monetary Policy Committee weighed “robust growth” in spending against weak overseas demand and expressed concern over the feeble impetus for prices. It said eight of the nine-member panel voted to leave the benchmark rate at 0.5 percent this month, with Ian McCafferty maintaining his call for a 25 basis-point increase. “There would need to be a sustained firming in domestic cost pressures, compared with current rates,” to push inflation back to the 2 percent target, officials said. “The price of oil had fallen markedly again, increasing the likelihood that headline inflation rates would remain subdued, and nominal-wage growth had leveled off.”
FTSE 100 closes up despite Paris attacks
The London market has closed higher despite seeing travel firms slump as a result of the Paris terror attacks. The FTSE 100 Index was up 28.1 points to 6146.4, led by housebuilder Taylor Wimpey as it reported a record order book. UK and European markets had been knocked by around 1% in the first hour of trading, but later recovered with Germany’s DAX flat and France’s Cac 40 down slightly.