Investing.com – Labour has won the 2024 general election and claimed 410 seats in the House of Commons.
"We did it! You campaigned for it, you fought for it, you voted for it, and now it has arrived. Change begins now.", said Keir Starmer, the Labour leader.
U.K. equities started with gains on Friday, with rises in all sectors, the most notable ones being the Automobiles & Parts, Household Goods, Media and Industrial Engineering sectors.
At the market open in London, the FTSE 100 Index rose 0.41%. The FTSE 250 Index and the FTSE 350 Index also increased. The FTSE 250 climbed 0.32%, while the FTSE 350 increased by 0.29%.
Top Gainers:
- Persimmon (LON:PSN): Rose 2.80% or 40.1 points to 1,472.1
- Fresnillo (LON:FRES): Climbed 2.08% or 12.00 points to 588.50
- Vistry Group (LON:VTYV): Increased 2.06% or 26.00 points to 1,286.00
Top Losers:
- HSBC (LON:HSBA): Dropped 1.11% or 7.70 points to 683.60
- Standard Chartered (LON:STAN): Declined 0.92% or 6.80 points to 732.40
- Aviva (LON:AV): Fell 0.73% or 3.50 points to 477.50
In Commodities Trading:
- Gold Futures for August delivery added 7.35 points to 2,372.65 a troy ounce.
- Crude Oil for August delivery fell slightly 0.01 points to 84.05 a barrel.
- September Brent Oil Contract dropped 0.06% or 0.05 points to 87.38 a barrel.
Currency Markets:
- GBP/USD is on the rise at 1.2768.
- EUR/GBP is stable at 0.84.
- The US Dollar Index Futures was down 0.14% at 104.682
Main Economic Events:
Today's main economic events in the United Kingdom are the Halifax HPI and Mortgage Rates, which are expected to provide insights into the country's economic outlook and potential policy changes.
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