Friday 5 May 2017

Stocks mostly rise but oil plunges

Markets were mostly higher on Thursday.

The S&P 500 rose just under 0.1 percent and the STOXX Europe 600 rose 0.7 percent.

However, earlier on Wednesday, Asian stocks mostly fell. The Shanghai Composite fell 0.3 percent.

Oil plunged, weighing down energy stocks, especially in the US. West Texas Intermediate crude and Brent fell 4.8 percent.

In Europe, investor sentiment improved after a televised debate between French presidential candidates Emmanuel Macron and Marine Le Pen suggested that the market-friendly centrist Macron remains favoured to win the election.

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