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UK Retail Sales Fall As Britons Reduce Spending On Food

UK Retail Sales Fall As Britons Reduce Spending On Food

UK retail sales declined in May as high cost of living pulled consumer sentiment to a record low and weighed on households' spending in food stores, data showed on Friday. Retail sales volume dropped 0.5 percent month-on-month in May, reversing a revised 0.4 percent increase in April, the Office for National Statistics said. Economists had forecast sales to drop 0.7 percent.
RTTNews | 684天前
European Economics Preview: UK Retail Sales Data Due

European Economics Preview: UK Retail Sales Data Due

Retail sales from the UK and business confidence from Germany are the major economic reports due on Friday. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for May. Sales are forecast to fall 0.7 percent on month, in contrast to the 1.4 percent rise in April.
RTTNews | 684天前
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues overnight from Wall Street, as traders indulged in bargain hunting in the oversold bourses, particularly among the technology shares, even as the possibility of a global recession remains. Traders also digest comments from US Fed Chair Jerome Powell on the second day of his testimony.
RTTNews | 684天前
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Thai Stock Market Poised To Halt Losing Streak

Thai Stock Market Poised To Halt Losing Streak

The Thai stock market has finished lower in two straight sessions, sinking more than 15 points or 1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,555-point plateau although it's expected to stop the bleeding on Friday.
RTTNews | 684天前
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is modestly higher on Friday, extending the gains in the previous session, with the benchmark Nikkei 225 moving above the 26,300 level, following the broadly positive cues overnight from Wall Street, aided by strength in technology stocks, which mirrored their peers on the tech-heavy Nasdaq.
RTTNews | 684天前
Higher Open Predicted For Indonesia Stock Market

Higher Open Predicted For Indonesia Stock Market

The Indonesia stock market rebounded on Thursday, one day after ending the two-day winning streak in which it had gathered almost 110 points or 1.7 percent. The Jakarta Composite Index now rests just beneath the 7,000-point plateau and it's tipped to open higher again on Friday.
RTTNews | 684天前
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian stock market is slightly higher on Friday after being in the red most of the morning session, extending the gains in the previous session, with the benchmark S&P/ASX 200 above the 6,500 level, despite the broadly positive cues overnight from Wall Street, supported by technology stocks, partially offset by weakness in materials and energy stocks amid tumbling commodity prices.
RTTNews | 684天前
Hong Kong Stock Market May Extend Thursday's Gains

Hong Kong Stock Market May Extend Thursday's Gains

The Hong Kong stock market bounced higher again on Thursday, one day after halting the three-day winning streak in which it had advanced almost 825 points or 3.9 percent. The Hang Seng Index now rests just above the 21,270-point plateau and now it may add to its winnings on Friday.
RTTNews | 684天前

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