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FTSE 100 Slips As Commodity-related Stocks Dive On China Concerns
(RTTNews) - U.K. stocks slipped into the red on Monday, with commodity-related stocks coming under selling pressure after China reported the first virus-related deaths recorded since May this year.
The benchmark FTSE 100 was down 25 points, or 0.3 percent, at 7,360 after closing half a percent higher on Friday.
Miners Anglo American, Antofagasta and Glencore all dropped around 2 percent while energy stocks such as BP Plc and Shell were down over 1 percent each.
Virgin Money shares jumped more than 10 percent after the lender reported better-than-expected full-year results and announced a £50 million ($59.4 million) share buyback program.
International Distribution Services, formerly Royal Mail, slumped 4.4 percent as more postal strikes loomed in the busy holiday period.
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Canadian Market Remains In Negative Territory After Weak Start
The Canadian market, which opened on a weak note Thursday morning, continues to languish in negative territory well past noon, weighed down by losses in technology and industrials sectors.
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4h 6min atrás
Swiss Market Ends Modestly Higher After Mild Struggle
The Switzerland market recovered after a flat start on Thursday, and after staying positive till well past noon, suffered a setback but regained some strength to eventually end the day's session modestly higher.
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4h 31min atrás
Major European Markets Close On Positive Note
Amid expectations of a rate cut from the Federal Reserve in September, and hopes the meeting between the Presidents of the U.S. and Russia will help end the war in Ukraine, the major European markets closed on a positive note on Thursday, although the U.K. market underperformed other major markets in the region.
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4h 47min atrás
U.S. Producer Price Growth Far Exceeds Estimates In July
Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.
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7h 15min atrás
U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.
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7h 47min atrás
UK GDP Rises More Than Expected
The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday.
Although the rate was stronger than the expected growth of 0.1 pe
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8h 28min atrás
Bay Street Likely To Open On Mixed Note
Canadian shares are likely to open on a mixed note Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.
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8h 59min atrás
S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings
S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.
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9h 3min atrás
