Morning markets: Energy stocks lead FTSE rise

clock

The FTSE opened higher in early trading by 20.32 points(0.39%) to 5231.50 as investors become more optimistic about prospects for a global recovery.

Their mood should be buoyed today by the release of US non-farm payroll data which is  expected to show an increase of 513,000 jobs last month. This would mark the biggest monthly gain since September 1983. Winners on the FTSE were headed by energy stocks with a near 4% gain for embattled BP. It was trading at 448p, up 16.65 (3.85%), following the news progress had been made to capture some of the oil from its ruptured sea well in Mexico. Elsewhere, Tullow Oil was trading at £11.66. up 18 points (1.57%). The losers were dominated by British American Tobacco at £21.43, down 12 points (...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

UK inflation rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read