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FTSE 100 Declines As China Ramps Up Lockdowns
(RTTNews) - U.K. stocks fell on Friday as lower commodity prices weighed on the mining sector.
The benchmark FTSE 100 was down 50 points, or 0.7 percent, at 7,024 after gaining 0.3 percent in the previous session.
Anglo American, Antofagasta and Glencore fell 2-3 percent as commodity prices dropped on worries about China's expanding COVID-19 restrictions.
Oil & gas company BP Plc declined 1.2 percent and Shell was little changed as oil prices remained on track for a 3 percent weekly gain on supply concerns.
NatWest plunged 8 percent as the high street lender missed estimates for profit in the third quarter amid increased impairment provisions.
British Airways owner IAG lost about 3 percent despite revenue exceeding pre-pandemic levels.
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Asian Markets Mixed Amid Caution Trades
Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
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Před 10 minutami
Sensex, Nifty Seen Tad Higher At Open As IIP Growth Recovers
Indian shares may open on a positive note on Friday after official data showed India's industrial output production expanded at the fastest pace in four months in July.
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Před 44 minutami
Thai Stock Market Tipped To Open In The Green
The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.
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Před 1 h 16 min
Japanese Market Notably Lower
Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.
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Před 1 h 33 min
Additional Support Predicted For Indonesia Shares
The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.
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Před 1 h 46 min
Australian Market Slightly Lower
The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
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Před 1 h 55 min
Hong Kong Shares May Stop The Bleeding On Friday
The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.
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Před 2 h 1 min
Higher Open Called For China Stock Market
The China stock market on Thursday snapped the two-day losing streak in which it had stumbled more than 80 points or 2.1 percent. The Shanghai Composite Index now sits just above the 3,840-point plateau and it's expected to see additional support on Friday.
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Před 2 h 16 min
