LONDON, May 15 (Reuters) - A bounce in oil and other commodities prodded stock markets higher on Monday, cushioning the hit to sentiment from a successful missile test by North Korea and a cyber attack that locked 200,000 computers in more than 150 countries.
"What should worry FTSE bulls is that the index is exhibiting similar characteristics to the S&P 500-namely that the rally is being powered by smaller and smaller numbers of rising stocks each day; this doesn't mean a correction is around the corner, but it does raise the prospect of a reckoning that could be ugly", said Chris Beauchamp, chief market analyst at IG, in a note. Oil prices were rallying with Brent crude, the worldwide crude benchmark, up 2.4% to $52.06 per barrel, and West Texas Intermediate, the United States benchmark, 2.5% higher to $49.01 a barrel at the time of writing.
Oil majors BP and Royal Dutch Shell rose in concert with European peers as crude prices jumped to $52 a barrel after Russian Federation and Saudi Arabia said supply cuts needed to last into 2018.
The FTSE 100 .FTSE was up 0.3 percent at 7,454.37 points at its close, having hit a fresh high of 7,460.20 points at the open.
MSCI's emerging markets benchmark also advanced 0.3 percent to a two-year high.
That drove a roughly 2.5 percent rise in oil prices, and spurred gains for copper and iron ore and in commodity-linked currencies including the Australian and Canadian dollars and Russia's rouble.
The Mexican peso strengthened 0.67 percent versus the US dollar at 18.68.
Shares in RWE rose almost 4 percent after the German utility posted core profit slightly above expectations, pointing to cost cuts and improved utilisation at its power plants division.
Current U.S. production is at 9.3 million bpd, up more than 10 percent since its mid-2016 trough. US gold futures gained 0.48 percent to $1,233.60 an ounce.
Shares of mining stocks rose alongside metals' gains, and the Stoxx Europe 600 Basic Resources Index bulked up 1.1%.
Chinese shares added 0.35 percent, after the government soothed market fears of tighter regulation saying bank risks were "completely controllable".
The dollar rose 0.1 percent to 113.39 yen, failing to make up most of Friday's 0.5 percent loss.
"The inability of the dollar to gain more. reflects the changing global landscape as recovery elsewhere drives rates and yields a bit higher".
Interestingly, General Motors Company (NYSE:GM) has also invested about $500 million into Lyft a year ago . Waymo is seeking a preliminary injunction to block Uber from using the allegedly stolen information.
When did Gunn decide on that plot point? That is perhaps where this film excels, and possibly even outdoes the first film. With a minimum of seven characters all sharing screen time, the film does its best to equally develop each of them.
Flynn, a retired general once seen as a potential Trump vice president, has emerged as a central figure in the Russian probes. Michael Flynn and the Russian ambassador, which cost Flynn his White House job, had nothing to do with influencing the vote.
An industry-backed group, the Airline Passenger Experience Association, said the USA government should consider alternatives. Jenny Burke, a Homeland Security spokeswoman, said no final decision has been made on expanding the restriction.
Of course, if there's something more interesting that a good toy fad, it's a good toy fad that's also kind of controversial. There are claims that it may help kids with ADHD to stay focused or to concentrate better.
South African Luvo Manyonga broke the Diamond League record with a massive jump of 8.61m in Shanghai on Saturday. Nine Jamaicans will participate in the event that follows the opening Diamond League meeting in Doha last week.
A Rocket win tonight takes the two to an "all or nothing, victor take all" seventh game Sunday back in San Antonio . Only spurs shooting guard Danny Green and power forward LaMarcus Aldridge have started all 12 games this playoffs.
Gerhard Tremmel tweeted his concern yesterday with a picture of the Premier League table captioned: "I can't stop looking at it". They have the worst away record in the top flight this season, claiming just one win and six points from 19 games.
President Donald Trump will visit the Vatican and meet with Pope Francis May 24 as part of his first foreign trip as president. As of April, the White House had not approached the Holy See for an audience with the pope during Trump's trip.
Barbato and Iannetta exchanged texts after the incident and the Diamondbacks catcher said there are no hard feelings between them. Iannetta was struck by a 93 miles per hour pitch from Pittsburgh reliever Johnny Barbato in the seventh inning Friday night.
Sega Plans to Revive Major IPs and Obtain New Ones
Recently though the company has started to port over games like Bayonetta and Vanquish to PC, but it isn't going to stop there. Few other details are given in the document, such as particulars on which "past" and "major" IPs Sega has in mind for revival.
Giro: Thomas involved in nasty crash
The Welsh rider was second in the standings at the start of the stage but went on to finish over five minutes behind the leader. Welshman Thomas stayed down for several minutes before being able to continue and later revealed his shoulder had "popped out".
Sessions ends Obama-era leniency on sentencing
At one point, Sessions said that "good people" don't do drugs like marijuana and said the reforms would "endanger" Americans. This policy will probably lead to more convictions and a higher prison population.
Petr Cech urges Arsenal fight for top 4 to finish
The continuation of a long and glorious streak of Champions League qualification is entirely out of Arsenal's hands. As the Premier League reaches its penultimate weekend, issues could be settled at both ends of the table.
Snapchat Reaches 166 Million Daily Users
Revenue was $149.6 million, nearly four times as much as a year ago but falling short of Wall Street estimates of $158.6 million. It's not unusual for tech startups to post many years of losses as they build market share and recoup their initial investments.
North Korea sends protest to US Congress over sanctions
North Korea on Friday slammed the United States Congress for passing a new law to tighten sanctions against the Pyongyang regime. The talks, which are held intermittently, are an informal opportunity for the two sides to exchange opinions and concerns.