UK 100

Can rebounding oil prices fuel rally in energy stocks like BP and Shell? FTSE technical analysis hints at potential recovery for UK index. Meanwhile, Brent crude oil rises above 200-day average ahead of OPEC meeting.

The ongoing stock market rally continues. With the US Thanksgiving holiday keeping trading on the quieter side today, the European markets edged higher. The DAX has now completely made back the entire losses it suffered between September and October. Other mainland European indices have similarly made strong gains, along with Wall Street. But frustratingly for the UK market, the FTSE has not shown much desire to go higher.

After hitting a new all-time high in February, the FTSE has struggled to find any sustainable support, hurt by concerns over China, UK’s struggling economy and high interest rates across the world. But we have had some positive data out of China, the UK and US this week, which may mean the worst days are behind us.

UK inflation has cooled, sinking the pound, lifting stocks and raising hopes the Bank of England is almost done raising interest rates.

Kingfisher is struggling to grow and seeing its profits come under pressure.

The next FTSE index review will take effect later in September. Find out which UK stocks are on the move and why it matters.

The FTSE 100 is hoping to end its longest losing streak since mid-2019 today.

We had mixed economic data out this morning, with signs that labour market is cooling but wages continue to surge higher, raising the pressure on inflation figures out tomorrow.

BP ups shareholder returns despite a sharp drop in profits, HSBC has raised its outlook and markets are digesting news that shop price inflation fell for the first time in two years in July.

UK oil producers are on the rise as the government looks to kickstart fresh drilling in the North Sea, BT Group finds its next CEO and Spectris lifts its full year outlook.

Rolls Royce shares have hit their highest level in over three years after smashing expectations in the first half, while UK banks are trading lower as earnings season begins.

Vodafone beat expectations in the first quarter, while airline stocks are under pressure as wildfires ravage Greece.

UK retail sales picked-up more than expected in June, but we saw consumer confidence take its first knock in over six months to suggest thing are getting tougher for the British public.

Markets are digesting a flurry of results and updates out from the likes of easyJet, Dunelm, Babcock, IDS, Vistry Group, Alphawave and Premier Foods.

Ocado shares are rising after adjusted Ebitda came in much better than expected.

The FTSE 100 is struggling to keep up the momentum we saw last week in the wake of soft economic data out of China.

BT Group is losing its CEO, while Morgan Stanley says UK equities look cheap.