FTSE 100 in positive territory; Wall Street starts in the green
In early trading in New York, the Dow was up 0.15% while the S&P 500 climbed 0.42% and the Nasdaq rose 0.66%
FTSE 100 up 23 points
US opens higher
2.42pm: Wall Street starts on the front foot
The main indices on Wall Street defied previous expectations to start higher on Thursday after a better than expected US jobless claims data.
In the early minutes of trading, the Dow Jones Industrial Average was up 0.15% to 33,947 while the S&P 500 climbed 0.42% to 4,132 and the Nasdaq rose 0.66% to 13,387.
Back in London, the FTSE 100 had lost a few gains in late afternoon but was still up 23 points at 6,973 at around 2.40pm.
Castillo Copper geophysics reveal Big One Deposit likely to be even bigger
Interpretation of an IP survey has provided compelling evidence of possible extensions to mineralisation beyond the line of lode. The survey has delivered new high-priority structural targets for the next drilling phase.
Castillo Copper Ltd (ASX:CCZ) (LON:CCZ) (FRA:7OR) is buoyed by preliminary interpretations by a geophysicist consultant that reveal possible extensions to mineralisation at Big One Deposit within the Mt Oxide Project in northwest Queensland’s Mt Isa Copperbelt.
After completing the inaugural induced polarisation (IP) survey, the consultant found compelling evidence that highlights incremental mineralisation within fault structures outside the trachyte dyke.
S&P/ASX 200 rises following better-than-expected jobs report
Companies
S&P/ASX 200 rises following better-than-expected jobs report
Brent crude futures fell 3.2% to US$66.49 per barrel on Wednesday on fears that rising inflation might lead the US Federal Reserve to raise interest rates. Gold prices hit a four-month high of US$1,889.75 on Wednesday.
S&P/ASX 200 (INDEXASX:XJO) has gained 0.80% to 6,987 by about 12.45 pm following the release of better-than-expected job numbers.
Australia’s jobless rate declined from 5.6% to 5.5% in April, beating economists’ expectations, with the number of unemployed people falling by 33,000.
The market was expecting the unemployment rate to remain steady at 5.6% and for 20,000 jobs to be added.
FTSE 100 ends in positive territory; Wall Street reacts to strong jobs data
The UK blue chip index moved higher while Wall Street benefits from better than expected US jobless claims and Bitcoin recovers
FTSE 100 up 70 points
US riding higher
5.10pm: Positive morning on Wall Street helps FTSE to the finish
The FTSE 100 ended Thursday up 70 points, 1%, at 7,020, and the FTSE 250 added 157 points, 0.7%, to 22,392. What a difference a day makes, IG Senior Market Analyst Joshua Mahony wrote. Financial markets have gone from a sea of red to one of overwhelming optimism, with the Nasdaq and DAX leading the charge.
Speaking of, the US tech-focused exchange was up 207 points, 1.6% to 13,507 at midday. The Dow gained 241 points, 0.7%, to 34,137, and the S&P 500 rose 42 points, 1%, to 4,158.