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Pin to quick picksPrudential Share News (PRU)

Share Price Information for Prudential (PRU)

London Stock Exchange
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Share Price: 718.60
Bid: 718.80
Ask: 719.20
Change: -1.80 (-0.25%)
Spread: 0.40 (0.056%)
Open: 725.00
High: 726.80
Low: 717.40
Prev. Close: 720.40
PRU Live PriceLast checked at -

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European shares rise on China optimism, but snap seven-week winning streak

Fri, 09th Dec 2022 17:26

STOXX 600 snaps five-day losing streak

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Industrials, financials boost index

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Credit Suisse gains on capital raise

Dec 9 (Reuters) -

European shares rose on Friday as industrial and financial stocks gained on China-led optimism, but recession worries ahead of a slew of central bank decisions dragged the region-wide STOXX 600 index to a weekly loss after a seven-week rally.

The STOXX 600 closed 0.8% higher, snapping a five-day losing streak that was largely driven by concerns about an impending global recession due to sharp interest rate hikes by central banks.

Data on Thursday showing a rise in U.S. weekly jobless claims has raised hopes that the Federal Reserve could temper its aggressive stance on interest rate hikes, with China's easing of its strict COVID curbs also aiding sentiment.

The next week will be crucial, with rate decisions due from the Fed, Bank of England and European Central Bank.

The ECB may raise rates by 50 basis points next week, according to a Reuters poll, following two straight 75 basis point increases.

"It's uncertainty as to what central banks are likely to do in the new year, not next week, that's prompting a little bit of caution given that most of the economic data that we're seeing indicate that we are going to see a bit of a slowdown in economic activity," said Michael Hewson, chief market analyst at CMC Markets.

Industrial stocks such as Siemens AG and Schneider Electric SE were among the biggest boosts to the index, while China-exposed financials such as Prudential Plc rose 3.0%.

Banks snapped their four-day losing streak and advanced 0.9%.

Euro zone banks are set to

repay early another 447.5 billion euros

in multi-year loans from the ECB, bringing the total paydown to nearly 800 billion euros in just a few weeks, the ECB said.

Credit Suisse jumped 6.8% after the embattled bank hailed a "milestone" in its turnaround plan on Thursday after raising 2.24 billion Swiss francs ($2.39 billion) as part of a 4 billion franc cash call.

Vestas gained 6.4% as the Danish wind turbine maker announced new orders and UBS raised its price target.

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14 Aug 2023 17:30

European shares gain on healthcare boost; miners, energy lag

Miners, energy stocks top sectoral losers

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14 Aug 2023 16:52

LONDON MARKET CLOSE: FTSE 100 lags peers as miners fall on China woe

(Alliance News) - Worries for China's property market soured the mood at the start of the week, with the FTSE 100 hit badly thanks to its natural resources sector, although peers in Europe and equities in New York fared better.

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14 Aug 2023 11:52

LONDON MARKET MIDDAY: FTSE 100 down amid Chinese property worries

(Alliance News) - Stock prices in London were lower at midday on Monday, as worries surrounding the health of China continued to mount amid trouble in its real estate sector.

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14 Aug 2023 11:00

Insurers poised for US break on investment losses from high rates

SEATTLE, Aug 14 (Reuters) - Some insurers operating in the United States stand to reap a windfall worth hundreds of millions of dollars from the relaxing of a 31-year-old rule on reporting interest rate-related losses, a Reuters review of regulatory filings and interviews with executives and analysts show.

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14 Aug 2023 09:04

LONDON BROKER RATINGS: JPMorgan raises Quilter to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations on Monday morning and Friday:

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14 Aug 2023 07:40

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9 Aug 2023 12:09

LONDON MARKET MIDDAY: FTSE 100 perks up despite troubling China data

(Alliance News) - Stock prices in London were higher at midday on Wednesday, shaking off more disappointing China data, while focus turns to Thursday's US inflation reading and what that could mean for future Federal Reserve decisions.

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8 Aug 2023 12:04

LONDON MARKET MIDDAY: FTSE 100 down on China growth worries

(Alliance News) - The FTSE 100 was down at midday in London on Tuesday, with poor China data and lingering US interest rate worries souring the mood.

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2 Aug 2023 17:04

UK's FTSE 100 at two-week low as surprise US credit rating cut sours mood

Fitch downgrades U.S. credit rating to AA+

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1 Aug 2023 17:19

UK's FTSE 100 falls as weak China data hurts miners

Miners lead losses on weak China data

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25 Jul 2023 12:08

LONDON MARKET MIDDAY: Miners lift FTSE 100 as Fed meeting kicks off

(Alliance News) - Stock prices in London were largely higher at midday on Tuesday, with stimulus talks in China helping lift the mood, as attention turns to the US Federal Reserve which begins its two-day monetary policy meeting later.

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25 Jul 2023 08:48

LONDON MARKET OPEN: Stocks nearly flat; miners lifted by China hope

(Alliance News) - The FTSE 100 edged higher on Tuesday morning, lifted into the green as Chinese indices were propelled by hopes of more economic policy support.

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20 Jul 2023 10:05

Prudential and M&G restate 2022 results for new accounting rules

(Alliance News) - Prudential PLC and M&G PLC on Thursday became the latest London-listed insurers to publish restated 2022 results, as the industry adopted new accounting rules.

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12 Jul 2023 09:27

LONDON BROKER RATINGS: UBS raises AstraZeneca; RBC cuts Bunzl

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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10 Jul 2023 21:59

World Bank names CEOs to help bring private funds to climate, development finance

WASHINGTON, July 10 (Reuters) - The World Bank on Monday named 15 chief executive officers including financiers and asset managers to a group launched by the lender's president, Ajay Banga, aiming to marshal more private capital to combat climate change and boost investment in developing countries.

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