Oil stocks boost FTSE 100 as China data signals recovery | Malay Mail

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AUG 10 — London-listed shares rose today as a slowdown in China’s factory deflation in July brewed optimism around a post-pandemic economic rebound, while energy stocks tracked a jump in oil prices. The commodity-heavy FTSE 100 was up 0.8 per cent, with BP Plc and Royal Dutch Shell Plc the...

Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. — Reuters pic

The mid-cap FTSE 250 gained 0.7 per cent to a seven-week high, led by industrial, consumer discretionary and financial stocks. The FTSE 100 has rallied about 24 per cent since its March low but has unperformed both European and US benchmarks as a persistent rise in Covid-19 cases threatens a nascent business recovery. The country yesterday reported its highest daily rise in new infections since late June.

 

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