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FTSE 100 Holds Steady Ahead Of US CPI Revisions
(RTTNews) - U.K. stocks held steady on Friday after Tesco announced a deal to sell its banking arm.
The pound to dollar rate showed resilience above 1.2620 ahead of revisions to U.S. CPI data.
The benchmark FTSE 100 was marginally higher at 7,596 after declining 0.4 percent on Thursday.
Bellway fell about 1 percent. The home builder reported weak housing revenue in its first half, reflecting lower completions and pricing.
Victrex shed 2.3 percent. The polymers group said it had a "soft start" in its first quarter and therefore making full-year guidance could be tricky.
Tesco gained 1 percent. The groceries and general merchandise retailer announced a deal to sell certain banking operations to lending major Barclays.
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China Economic Data Disappoints
China's industrial production, retail sales and fixed asset investment registered weaker-than-expected growth in July, strengthening calls for further policy support to rebalance the economy towards consumption. Industrial production grew 5.7 percent in July from a year ago, following June's 6.8 percent increase, the National Bureau of Statistics reported Friday.
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Před 35 minutami
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Friday.
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Před 48 minutami
NZ Dollar Falls On Soft China Data
The New Zealand dollar weakened against other major currencies in the Asian session on Friday, after China's industrial production and retail sales logged slower growth in July.
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Před 1 h 13 min
NZ Dollar Falls Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
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Před 2 h 0 min
European Shares Seen Tad Higher As World Braces For Alaska Talks
European stocks are seen opening higher on Friday after the S&P 500 index closed at a new record high for the third consecutive day overnight despite concerns about slowing consumer spending.
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Před 3 h 10 min
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market moves on Friday, adding the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,900 level, with gains across most sectors led by energy and technology stocks.
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Před 5 h 22 min
Asian Markets Trade Mixed
Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as hotter-than expected US producer price inflation data and a resilient US labor market softened expectations of a higher interest rate cut by the US Fed in September. Traders also remain cautious ahead of the crucial U.S.-Russia talks to end the ongoing three-plus-year Russia-Ukraine war.
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Před 5 h 58 min
Indian Markets Closed For Independence Day
Indian markets remain closed today as the nation marks its 78th Independence Day.
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Před 6 h 15 min
