June 17, 2024


Imagination at work

Energy fears mount as European gas reserves head for record low

The FTSE one hundred has ongoing its constructive streak, closing .2pc bigger at 7,563.

The blue-chip index is on observe for its fourth consecutive 7 days of gains as heavyweight electricity, mining and banking stocks have assisted it outperform both equally the wider European index and the FTSE 250 this 12 months.

Michael Hewson at CMC Marketplaces commented:

“These days we’ve taken a bit of a pause with the FTSE one hundred and DAX both equally treading h2o for the most part, buying and selling possibly side of the flat line, with the focus on far more respectable buying and selling updates from the retail sector, whilst to search at the share cost response, you’d have been forgiven for contemplating they weren’t that terrific, whilst they could always have been improved.

“It has in actuality been a day of respectable quarterly quantities for British isles retail, not that you’d know it, with both equally Tesco and Marks and Spencer share selling prices slipping back again, whilst this could only be a situation that anticipations ended up possibly a little bit much too significant major into the quantities, and there are issues as we head into the remaining quarter, for both equally, that expense-of-living pressures may well influence their remaining This fall quantities, heading into the spring.”