1410 GMT - The U.K.'s FTSE 100 index rises 0.2% to 7957.612 as gains for oil giant BP and miners help it outperform European indexes, which fall on caution ahead of Wednesday's U.S. inflation data. BP shares rise 1.6% after the company said it expects higher oil and gas production to boost 1Q profit. Precious-metal miner Fresnillo leads gainers, with shares up 5.1%, after Bank of America Global Research upgraded the stock to neutral reflecting recent gold and silver price rallies. Retailers gain after a BRC survey showed higher retail sales in March. Shares in engineering and defense firms BAE Systems and Rolls-Royce drop 4.5% and 4.1%, respectively, while financial stocks mostly fall. The pan-European Stoxx Europe 600 falls 0.2% while Germany's DAX loses 0.8%.(jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
April 09, 2024 10:10 ET (14:10 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments