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UK shares rise further after torrid week | UK shares rise further after torrid week |
(35 minutes later) | |
UK and other European stock markets built on earlier gains on Friday, after a turbulent week for markets. | UK and other European stock markets built on earlier gains on Friday, after a turbulent week for markets. |
Leading European indexes including the FTSE 100 was 1.5% higher around mid morning. | Leading European indexes including the FTSE 100 was 1.5% higher around mid morning. |
The improvement followed US shares, which swang into positive ground on Thursday. | The improvement followed US shares, which swang into positive ground on Thursday. |
This week has been torrid for global markets, which have been unsettled by global political and economic uncertainty. | This week has been torrid for global markets, which have been unsettled by global political and economic uncertainty. |
Stock markets around the world have swung significantly between gains and losses. | Stock markets around the world have swung significantly between gains and losses. |
Friday's European gains come after an Asian trading session that was steadier than in recent days. | Friday's European gains come after an Asian trading session that was steadier than in recent days. |
Japan's Nikkei 225 closed down 0.31% at 20,014.77, while Hong Kong's Hang Seng index stayed fairly flat, at 25,504.20. | Japan's Nikkei 225 closed down 0.31% at 20,014.77, while Hong Kong's Hang Seng index stayed fairly flat, at 25,504.20. |
In Germany and France, the DAX and CAC indices doubled their opening gains of about 0.7%. | In Germany and France, the DAX and CAC indices doubled their opening gains of about 0.7%. |
The price of oil, which has also see-sawed this week, rose more than 2%. | |
Brent crude was up $1.17 at $53.33 a barrel. | |
Overnight, the Dow Jones - which fell by more than 500 points or 1.8% earlier on Thursday - finished 1.1% up. | Overnight, the Dow Jones - which fell by more than 500 points or 1.8% earlier on Thursday - finished 1.1% up. |
The S&P 500 and tech-heavy Nasdaq also rallied by the end of the Thursday's trading day. | The S&P 500 and tech-heavy Nasdaq also rallied by the end of the Thursday's trading day. |
The earlier sell-off was sparked by weak US consumer confidence data for December. However, analysts had cautioned that volatile share price movements were exacerbated by thin holiday trading. | The earlier sell-off was sparked by weak US consumer confidence data for December. However, analysts had cautioned that volatile share price movements were exacerbated by thin holiday trading. |
Concerns about US-China trade tensions also resurfaced, with reports saying US President Donald Trump is considering an executive order banning the use of Chinese technology. | Concerns about US-China trade tensions also resurfaced, with reports saying US President Donald Trump is considering an executive order banning the use of Chinese technology. |