Global stocks take a breather as oil price rally continues - News Summed Up

Global stocks take a breather as oil price rally continues


Global stock markets traded in fairly narrow ranges Thursday following a solid rebound based on waning fears about a trade war. Oil prices though pushed ahead to touch fresh multi-year highs on improving optimism about the global economy. KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares was up 0.1 percent at 7,327 while the CAC 40 in France rose 0.1 percent to 5,385. CRESTING CRUDE: One beneficiary has been the price of oil, which has risen to its highest level since late 2014. CURRENCIES: The euro was flat at $1.2373 while the dollar rose 0.1 percent to 107.58 yen.


Source: ABC News April 19, 2018 06:26 UTC



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