US stocks rose in early trading on Wall Street, while European stock markets also gained ground. The positive momentum followed a mixed session in Asia.
FTSE 100 pares losses
The FTSE 100 index has pared earlier losses and is only down 0.1% at 10,474, a loss of 15 points. AstraZeneca remains the main loser, with shares tumbling 7.4% after the failure of a heart disease drug in a late-stage trial. According to market analysts, the drug's failure has weighed heavily on the pharmaceutical giant's stock.
Oil prices see-saw
Oil prices have see-sawed during the session, with Brent crude now 1% lower at $77.25 a barrel. The volatility reflects ongoing uncertainty about global demand and supply dynamics.
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