FTSE 100 Little Changed In Cautious Trade; Tesco Gains After Raising Outlook

RTTNews | Před 690 dny
FTSE 100 Little Changed In Cautious Trade; Tesco Gains After Raising Outlook

(RTTNews) - U.K. stocks were little changed on Wednesday as investors reacted to mixed earnings updates and weaker services data.

British service sector activity hit an eight-month low in September, a survey showed today, with the corresponding PMI dropping to 49.3 from 49.5 in August. However, that was better than the flash estimate of 47.2.

The benchmark FTSE 100 was marginally lower at 7,467 after losing half a percent on Tuesday.

In corporate news, telecoms testing services provider Spirent Communications plunged 31 percent after cutting its near-term outlook.

Grocer Tesco rallied 2.3 percent after raising its annual profit forecast.

Struggling fashion retailer Superdry jumped nearly 30 percent after saying it would sell its intellectual property assets in South Asia to Reliance Retail.

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Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.
RTTNews | Před 19 minutami
Thai Shares Tipped To Open To The Upside On Monday

Thai Shares Tipped To Open To The Upside On Monday

The Thai stock market has finished higher in two of three trading days since the end of the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it's poised to extend its gains on Monday.
RTTNews | Před 1 h 28 min
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving well above the 42,850 level, with gains across most sectors led by index heavyweights and technology stocks.
RTTNews | Před 1 h 40 min
Indonesia Stock Market May End Losing Streak On Monday

Indonesia Stock Market May End Losing Streak On Monday

The Indonesia stock market has moved lower in two straight sessions, slipping almost 85 points or 1.1 percent along the way. The Jakarta Composite Index now sits just shy of the 7,860-point plateau although it's likely to stop the bleeding on Monday.
RTTNews | Před 1 h 58 min
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is notably higher on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weal spot.
RTTNews | Před 1 h 59 min
Hong Kong Shares Tipped To Open In The Green

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market has moved higher in two of three trading days since the end of the four-day losing streak in which it had fallen more than 480 points or 1.7 percent. The Hang Seng Index now rests just beneath the 25,340-point plateau and it's expected to open higher again on Monday.
RTTNews | Před 2 h 13 min
China Stock Market May Extend Winning Streak

China Stock Market May Extend Winning Streak

The China stock market has moved higher in three straight sessions, advancing almost 100 points or 2.9 percent along the way. The Shanghai Composite Index now sits just above the 3,825-point plateau and it's expected to add to its winnings again on Monday.
RTTNews | Před 2 h 28 min