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4/23, 10:39 AM (Source: TeleTrader)
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FTSE 100 hits 6-month high

The British FTSE 100 hit a six-month high on Tuesday, led by the oil sector after the United States announced the cancellation of waivers on sanctions on Iranian oil imports which will be implemented as of May 1.

Royal Dutch Shell Class B stocks jumped 2.09% at 10:16 am CET while BP rose 1.92% at 10:17 am CET. Meanwhile, Scottish energy services firm John Wood Group surged 3.13% at 10:23 am CET.

The FTSE 100 was 0.38% higher at 10:32 am CET after reaching a daily high of 7,491.5 points.

The pound increased by 0.10% to change hands for 1.29938 against the dollar at 10:34 am CET. The euro lost 0.16% against the British currency to go for 0.86586 at 10:35 am CET.

Breaking the News / VP