2 years, 9 months ago
FTSE closes up as oil and mining firms remain strong due to Ukraine war
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Traders remained cautiously optimistic as the week ended, despite warnings from US banks that interest rates Stateside could rise every month until September. Michael Hewson, chief market analyst at CMC Markets UK, said: “The rise in oil prices continues to benefit the likes of BP and Shell this week, while expectations of rising interest rates are helping to boost the banks. “On the flip side of that, as concerns about the cost-of-living increase, retailers and house builders have been feeling the pressure and sliding back.” He added: “Today’s disappointing UK retail sales numbers for February and a slide in consumer confidence in March have served to reinforce the weak economic backdrop and point to a decline in the ability of the UK consumer to match the spending patterns that we saw last year.” Oil prices remain high and a barrel of Brent Crude was worth 120 dollars – up 0.87% on the day as markets closed.
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History of this topic
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11 months ago
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1 year, 4 months ago
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1 year, 5 months ago
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1 year, 6 months ago
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1 year, 6 months ago
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1 year, 6 months ago
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1 year, 7 months ago
London’s FTSE rises but lags behind buoyant global markets
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1 year, 8 months ago
Shares rise across Europe as traders return from long weekend
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1 year, 9 months ago
FTSE positive as commodities gain and banking firms steady
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1 year, 10 months ago
FTSE 100 strikes record close price as European markets jump
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1 year, 11 months ago
FTSE 100 edges towards record levels after further gains
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1 year, 11 months ago
FTSE 100 closes in the red for first time this year
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2 years ago
Shares drop as FTSE closes the year on a downer
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2 years ago
UK stocks stabilise as energy gains offset retail losses
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2 years, 1 month ago
FTSE positive at close amid Chinese relaxation of Covid curbs
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2 years, 2 months ago
FTSE 100 buoyed by mining gains amid China reopening speculation
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2 years, 2 months ago
FTSE 100 back in the red as bank shares slide
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2 years, 4 months ago
FTSE 100 ends week on a high despite dire energy bill predictions
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2 years, 5 months ago
FTSE in the red despite afternoon rally
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2 years, 6 months ago
Oil and mining companies help push FTSE 100 down
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2 years, 6 months ago
FTSE slides as trading knocked by rise in UK inflation
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2 years, 9 months ago
FTSE dragged back by oil price plunge and US inflation
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2 years, 9 months ago
FTSE gains after Bank’s interest rate decision
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2 years, 10 months ago
More than £40bn wiped off London shares as fears build over Ukraine
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