FTSE 100 Slips Into Red With Leadership Contest In Focus

RTTNews | Před 1150 dny
FTSE 100 Slips Into Red With Leadership Contest In Focus

(RTTNews) - U.K. stocks slipped into the red on Monday, as former chancellor Rishi Sunak closed in on becoming the new prime minister after the withdrawal of Boris Johnson from the Tory leadership race on Sunday night.

In economic releases, the economic activity in the U.K.'s private sector contracted at an accelerating pace in early October, a survey showed. The S&P Global/CIPS Composite PMI dropped to 47.2 from 49.8 in September.

The benchmark FTSE 100 was down 31 points, or half a percent, at 6,938 after closing 0.4 percent higher on Friday.

Frasers Group shares rose 0.6 percent. The retail group said it has recently increased its investment in Hugo Boss.

Helical, a property investment and development company, jumped 3.2 percent after saying it had completed four new lettings totaling 19,642 sq. ft.

Pearson, a publishing and education company, soared 6.6 percent. The company said its underlying sales grew 7 percent in both the third quarter as well as in the first nine months of fiscal 2022.

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Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian markets are trading mostly lower on Thursday, following the negative cues from Wall Street overnight, on continuing concerns over the valuation of technology stocks, mirroring the steep drop on tech-heavy Nasdaq. Traders seemed reluctant to make significant moves ahead of the release of report on US consumer price inflation later in the day, which could impact the outlook for interest rates.
RTTNews | Před 1 h 12 min
Indian Shares Set To Follow Global Peers Lower

Indian Shares Set To Follow Global Peers Lower

Indian shares look set to open lower on Thursday, tracking weak cues from global markets. Uncertainty over a trade deal with the United States, sustained foreign capital outflows and higher oil prices may also weigh on markets as the session progresses.
RTTNews | Před 1 h 35 min
Thai Stock Market Likely To Open Under Pressure

Thai Stock Market Likely To Open Under Pressure

The Thai stock market has moved lower in back-to-back sessions, slipping more than 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,255-point plateau and it may extend its losses on Thursday.
RTTNews | Před 2 h 15 min
Lower Open Expected For Indonesia Stock Market

Lower Open Expected For Indonesia Stock Market

The Indonesia stock market has alternated between positive and negative finishes through the last 11 trading days since the end of the two-day winning streak in which it had picked up almost 110 points or 1.3 percent. The Jakarta Composite Index now sits just above the 8,675-point plateau and it's expected to open under water again on Thursday.
RTTNews | Před 2 h 45 min
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese market is significantly lower on Thursday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 49,100 level, with weakness in index heavyweights and technology stocks as well as a mixed performance in most other sectors.
RTTNews | Před 2 h 46 min
Tech Shares May Weigh On Hong Kong Stock Market

Tech Shares May Weigh On Hong Kong Stock Market

The Hong Kong stock market on Wednesday ended the two-day slide in which it had stumbled more than 740 points or 2.8 percent. The Hang Seng Index now sits just beneath the 25,470-point plateau although it may hand those gains back on Thursday.
RTTNews | Před 3 h 0 min
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian market is trading modestly lower on Thursday, reversing some of the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,600 level, with weakness in gold miners and technology stocks as well as a mixed performance in most other sectors.
RTTNews | Před 3 h 14 min