Energy, Mining Companies Lift UK Stocks
Jul 21, 5:30 PM ET |
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| UK stocks edged higher on a rise in energy and base metal prices. European markets closed higher on a rebound in financial stocks. |
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| UK edged higher on a rebound in energy prices and expectations of milder than expected recession. Home prices in July dropped 1.8% from June and 2% from a year ago. Rebound in energy and metals prices lifted metals and energy companies stocks. A member of the UK Monetary Policy in an interview stated that UK is probably in a recession and unemployment will jump to 7% from current rate of 5.2%. |
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