Auto & Transport Roundup: Market Talk

The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0808 GMT – The FTSE 100 rises 0.6%, or 46 points to 7708 as gains for TUI and miners offset losses for industrial stocks. TUI gains 8% after the tour operator said in an update on its website that booking momentum remained encouraging and it expected a good summer. Mining and oil stocks are also among the biggest risers as Hong Kong stocks recovered earlier losses, though other Asia markets fell and Brent crude drops 0.3% to $84.70 a barrel. At the other end of the spectrum, industrial turnaround specialist Melrose Industries drops 2% and other fallers include Ashtead, Smiths and Intertek. “Growing recessionary concerns cast a pall over markets, with further evidence of economic weakness,” Interactive Investor head of markets Richard Hunter writes. (philip.waller@wsj.com)