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Business

World stock markets lifted by banking shares

Wall Street traders (file photo)
Image caption US markets followed European markets higher

World stock markets have been trading higher, lifted by banking shares after HSBC and BNP Paribas both reported profits ahead of expectations.

The UK's biggest bank HSBC saw first-half profits more than double to $11.1bn (£7bn), while second-quarter profits at France's BNP rose 31%.

In London, the FTSE 100 was up 2.65% to 5,397. Shares in HSBC, Lloyds and RBS were ahead by 5.26%, 3.88% and 4.28%.

France's Cac 40 was up 2.99%, while the Dow Jones was up 2% at close of trade.

Market Data - BBC News

Market Data

Share Prices

Markets

UK markets
UK markets % change Value
Change
-0.34%
7565.70
-25.56
+0.54%
20642.86
+111.71
Europe markets
Europe markets % change Value
Change
+0.21%
557.20
+1.15
+0.54%
5408.60
+28.95
+0.43%
12384.49
+53.19
+0.53%
3411.66
+17.99
+0.85%
9549.00
+80.40
US markets
US markets % change Value
Change
+0.25%
25822.29
+63.60
+0.49%
7859.17
+38.17
+0.21%
2862.96
+5.91
Asia markets
Asia markets % change Value
Change
+0.02%
38284.98
+7.00
+0.50%
27891.83
+139.04
+0.46%
22321.14
+101.41
As of 03:31 22 Aug 2018

Currencies

GBP
% change One £ buys
Change
GBP against Euro
+0.01%
€1.1154
0.0000
GBP against Yen
+0.19%
¥142.5050
+0.2700
GBP against USD
+0.05%
$1.2909
+0.0010
USD
% change One $ buys
Change
USD against Euro
0.00%
€0.8641
0.0000
USD against GBP
-0.02%
£0.7747
0.0000
USD against Yen
+0.10%
¥110.3950
+0.1050
Euro
% change One € buys
Change
Euro against GBP
-0.01%
£0.8965
0.0000
Euro against Yen
+0.18%
¥127.7550
+0.2300
Euro against USD
+0.03%
$1.1574
0.0000
Yen
% change One ¥ buys
Change
Yen against Euro
-0.18%
€0.0080
0.0000
Yen against GBP
-0.19%
£0.0070
0.0000
Yen against USD
-0.10%
$0.0090
0.0000
As of 03:31 22 Aug 2018

Commodities

Oil
Commodity % change dollars per barrel
Change
Brent Crude Oil Futures
+0.29%
72.84
+0.21
WTI Crude Oil Futures
+0.38%
66.09
+0.25
Gold
Commodity % change dollars per ounce
Change
Gold (Forex Index am fix)
+0.45%
1194.10
+5.35
Gold (Forex Index pm fix)
+0.56%
0.00
+6.60
Natural Gas
Commodity % change dollars per million BTU
Change
Natural Gas (Henry Hub Futures)
+1.68%
2.99
+0.05
As of 03:31 22 Aug 2018

BNP was among the top gainers in Paris, up by 5.27%.

Germany's Dax index was also up 2.34%.

Rising oil price

Manufacturing data also helped boost sentiment.

The Markit Eurozone Manufacturing PMI rose to a three-month high in July.

The stock market rally also gave crude traders optimism, with oil rising above $80 a barrel.

Benchmark crude was up $2.44 to $81.39 a barrel in electronic trading on the New York Mercantile Exchange.

In London, Brent crude was up $2.78 to $80.96.