April 30 (Reuters) – London’s FTSE 100 index rose on Thursday, with upbeat results from Rolls-Royce and Glencore aiding the sentiment ahead of \u200ca Bank of England rate decision.<\/p>\n
The blue-chip FTSE 100 rose 0.9% \u200cto 10,307.19 points by 0942 GMT, while the midcap FTSE 250 edged 0.4% higher.<\/p>\n
\u2022 Engineering firms \u200bwere mixed as Rolls-Royce climbed nearly 6.8% after reiterating its profit outlook, offering the biggest boost to the benchmark index, while Weir Group slid 7.5% after reporting a fall in first-quarter orders.<\/p>\n
\u2022 Glencore shares added 2% after reporting a 19% \u200crise in its first-quarter \u2060copper production.<\/p>\n
\u2022 Global oil prices jumped to a four-year high of more than $122 a barrel on concerns that the U.S.-Iran \u2060war could worsen and lead to a protracted Middle East oil supply disruption. [O\/R]<\/p>\n
\u2022 Rising crude prices stoked inflation worries, bolstering gold prices, which in turn lifted shares \u200bof heavyweights \u200bEndeavour Mining and Hochschild by 6.2% and \u200b5.1%, respectively.<\/p>\n
\u2022 The FTSE 100 \u200cis up only 1.3% this month, far below European and U.S. benchmarks, as markets view Britain as highly vulnerable to the jump in energy prices due to the country’s heavy use of natural gas.<\/p>\n
\u2022 Political concerns have also weighed with the scandal around Prime Minister Keir Starmer appointing Peter Mandelson, who \u200cwas linked to the late convicted U.S. sex \u200boffender Jeffrey Epstein, as ambassador to the \u200bU.S., showing little sign of \u200babating.<\/p>\n
\u2022 The BoE is expected to keep rates unchanged at \u200c1100 GMT with focus squarely on commentary \u200bon the Iran \u200bwar’s longer-term impact on inflation.<\/p>\n
\u2022 The European Central Bank is also seen holding rates later on Thursday, a day after the U.S. Federal \u200bReserve stayed pat.<\/p>\n
\u2022 Traders expect \u200cthe BoE to raise interest rates at least twice by 25 \u200bbasis points before the end of the year.<\/p>\n
(Reporting by Medha \u200bSingh in Bengaluru; Editing by Vijay Kishore)<\/p>\n","protected":false},"excerpt":{"rendered":"April 30 (Reuters) – London’s FTSE 100 index rose on Thursday, with upbeat results from Rolls-Royce and Glencore…\n","protected":false},"author":2,"featured_media":58176,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[710,32309,132,27269],"class_list":{"0":"post-58175","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-glencore","8":"tag-crude-prices","9":"tag-ftse-100-index","10":"tag-glencore","11":"tag-rolls-royce"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116493287682079683","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/58175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=58175"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/58175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/58176"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=58175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=58175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=58175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}