U.K. stocks were sharply higher on their first trading session of 2023. Markets await a reading on manufacturing for December, which is expected to have held steady year-on-year.
The benchmark FTSE 100 rallied 150 points, or 2 percent, to 7,600 as trading resumed after a long holiday weekend.
Oil and gas firm BP Plc jumped 4.4 percent and Shell rallied 4.1 percent as oil prices edged higher despite growth concerns.
Hikma Pharmaceuticals surged nearly 4 percent. The pharmaceutical company has launched an authorized generic version of Jazz Pharmaceuticals’ Xyrem (sodium oxybate) oral solution CIII.
Wizz Air Holdings climbed 1.2 percent. The low-cost airline reported that, in December, it carried 4,180,310 passengers, a 58.4 percent increase from a year ago.
Essentra, a provider of plastic and fiber products, added 1.6 percent after confirming that Scott Fawcett has assumed the role of Chief Executive and Executive Director, with effect from January 1.
Market Analysis
FTSE 100 Rallies Led By Energy Stocks
2023-01-03 09:12:05
