FTSE 100 Inches Higher As Retail Sales Top Expectations

RTTNews | Před 1015 dny
FTSE 100 Inches Higher As Retail Sales Top Expectations

(RTTNews) - U.K. stocks rose on Friday, a day after the government announced a new fiscal strategy cantered on tax hikes and spending cuts.

The latest U.K. retail sales figures topped estimates, helping underpin investor sentiment.

U.K. retail sales volumes advanced 0.6 percent on a monthly basis in October, faster than the expected growth of 0.3 percent, data from the Office for National Statistic showed.

The monthly growth reversed the revised 1.5 percent decrease in September, which was affected by the bank holiday for the State Funeral.

Year-on-year, the decline in retail sales slowed to 6.1 percent from 6.8 percent in September.

Separately, survey results from market research group Gfk revealed that consumer confidence improved in November for the second straight month. The corresponding index unexpectedly rose to -44 from -47 in October. The benchmark FTSE 100 was up 38 points, or half a percent, at 7,384 after finishing marginally lower on Thursday.

Miners traded broadly higher even as London copper prices remained on track for a weekly fall on China demand concerns.

Insurance giant Legal & General rallied 3.4 percent after backing its FY22 operating profit view.

Bodycote added 1.4 percent. After reporting strong revenue growth in its third quarter, the heat treatment and thermal processing services specialist said it expects its full-year performance to meet market expectations.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | Před 1 h 18 min
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | Před 4 h 8 min
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | Před 4 h 37 min
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | Před 7 h 40 min
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | Před 8 h 23 min
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | Před 8 h 53 min