08.07.2024 11:24:08 - dpa-AFX: FTSE 100 Edges Higher In Cautious Trade

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - U.K. stocks eked out modest gains in
cautious trade on Monday as traders digested the unexpected result of France's
snap election and looked forward to upcoming Congressional testimony by Fed
Chair Jerome Powell as well as the release of U.S. CPI data this week for
greater clarity on Fed's monetary policy path.

The benchmark FTSE 100 was up 15 points, or 0.2 percent, at 8,219 after losing
half a percent on Friday.

Britvic jumped 4.6 percent after Danish brewer Carlsberg agreed to acquire the
British soft drinks maker for 3.3 billion pounds ($4.23 billion).

Marston's surged 16 percent after the pub and hotel operator disposed of its 40
percent stake in its brewing joint venture with Carlsberg.

Energy giant BP Plc fell 1.3 percent and Shell shed 0.7 percent as crude prices
slipped after rising for four weeks.

HgCapital Trust rose about 1 percent. The private equity trust has agreed to
sell its remaining investment in business software company TeamSystem.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CAC 40 969400 Paris 7.534,52 19.07.24 18:05:02 -52,03 -0,69% - - 7.565,88 7.586,55
FTSE 100 969378 Financial Times SE 8.155,72 19.07.24 17:35:30 -49,17 -0,60% - - 8.150,09 -
DAX ® 846900 Xetra 18.171,93 19.07.24 17:50:00 -182,83 -1,00% - - 18.340,85 18.354,76
E-STOXX 50 ® 965814 STOXX Ltd. 4.827,24 19.07.24 17:50:00 -42,88 -0,88% 0,000 - 4.868,97 4.870,12

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