FTSE 100 rises as Scancell advances Nasdaq plans and ECR reports gold discoveries. Brent crude falls amid easing Iran supply concerns.
Market Overview
The FTSE 100 opened higher at 10,521.79, gaining 0.77 per cent as easing concerns over Middle Eastern oil supplies supported sentiment. European markets also advanced, with the Euronext 100 rising 0.57 per cent and Germany’s DAX gaining 0.75 per cent, although French debt concerns remained a factor. On Wall Street, the Nasdaq closed lower at 27,193.34, while the S&P 500 declined to 7,765.36.
Commodity markets were mixed, with copper and gold advancing while Brent crude and natural gas declined. Oil prices faced pressure as comments from President Trump concerning Iran reduced immediate supply disruption fears. Against sterling, the US dollar, Swiss franc and Japanese yen strengthened, while the euro and Australian dollar weakened. Bitcoin also advanced against the pound.
Market Numbers
FTSE 100: Up (+0.77%), 10,521.79
Euronext 100: Up (+0.57%), 1,860.20
DAX: Up (+0.75%), 24,991.94
NASDAQ: Down, 27,193.34
S&P 500: Down, 7,765.36
In the Headlines
Melanoma Trial and Nasdaq Plans – Scancell (LSE:SCLP)
Cancer immunotherapy developer Scancell is progressing plans for a Phase 3 melanoma trial and a proposed Nasdaq listing, supported by new financing arrangements. The funding is intended to advance its clinical pipeline and strengthen its presence in the US biotechnology market.
Gold Discoveries – ECR Minerals (LSE:ECR)
ECR Minerals has reported discoveries of coarse gold at its Brothers Creek project ahead of planned alluvial bulk sampling. The findings provide further exploration evidence as the company works towards assessing the project’s potential for gold recovery.
Currencies (vs GBP)
USD: Up (+0.13%), $1.3244
CHF: Up (+0.10%), Fr.1.0995
EUR: Down (-0.07%), €1.1791
JPY: Up (+0.25%), ¥209.61
AUD: Down (-0.22%), $1.8967
Bitcoin (BTC/GBP): Up, £62,267.01
Commodities
Copper: Up
Gold: Up
Brent Crude: Down
Natural Gas: Down
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