- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
U.K. equities closed higher on Friday, with the majority of European markets and many international markets closed for the Labor Day holiday.
The benchmark FTSE 100 index closed around 0.4 percent higher.
Shares of FTSE 100 component Lloyds closed over 5 percent higher, making them the best performers on the FTSE 100. The came after the bank reported a 21 percent rise in underlying pre-tax
profit in the first quarter.
Miners Anglo American, Rio Tinto, BHP Billiton and Antofagasta were also among the top performers on the index. The basic resources sector is heavily exposed to the Chinese economy and
better than expected Chinese data overnight helped the firms post healthy gains.
Anglo American surged to close over 5 percent higher, while Rio Tinto ended nearly 4 percent higher.
U.S. stocks traded higher on Friday, rebounding from Thursday's selloff, as investors kept an eye on higher Treasury yields and economic reports.
Many financial markets were closed across the world today for International Workers' Day holiday, also known as Labor Day or May Day. The U.K. has a public holiday on Monday, but its
financial markets were open on Friday.
In the U.K., April manufacturing data came in below expectations and failed to match March's figure. Sterling fell slightly after the data release.
Sign up for free newsletters and get more CNBC delivered to your inbox
Get this delivered to your inbox, and more info about our products and services.
© 2025 CNBC LLC. All Rights Reserved. A Division of NBCUniversal
