Gains in oil majors lift FTSE 100
- Country:
- United Kingdom
London's FTSE 100 rose on Wednesday as oil majors tracked gains in crude prices, while cautious investors awaited minutes of the U.S. Federal Reserve's July rate-setting meeting for signs of further policy easing. The main index added 0.3%, boosted by Shell and BP, as a larger-than-expected drop in U.S. crude inventories pushed prices higher. The mid-cap FTSE 250 gained 0.2%% by 0707 GMT.
Persimmon and other blue-chip housebuilders were lower in early deals after a Reuters poll showed the country's property market would be further damaged by a potential no-deal Brexit, with average prices slipping about 3% nationally in the ensuing six months.
Also Read: UPDATE 2-Oil majors, banks lead FTSE 100; Greene King soars on M&A
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- investors
- US Federal Reserve
- US
- BP
- Shell
- Brexit
- housebuilders
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