FTSE 100 Subdued As Miners Drag On China Concerns

RTTNews | Před 1017 dny
FTSE 100 Subdued As Miners Drag On China Concerns

(RTTNews) - U.K. stocks edged lower on Monday, with mining stocks retreating after top consumer China set a modest annual growth target for 2023.

The benchmark FTSE 100 slid 11 points, or 0.1 percent, to 7,93 after finishing marginally higher on Friday.

Miners Anglo American, Antofagasta and Glencore fell 2-3 percent as most base metals prices declined.

Marine services provider James Fisher & Sons slumped 4.6 percent after selling its nuclear business for a nominal consideration.

Clarkson, a provider of shipping services, jumped 5.5 percent after reporting a rise in preliminary earnings for 2022.

Renewi gained 1 percent. The company said a European Commission landfill investigation into the alleged State Aid relating to the tax rate applied to certain recycled waste materials has been concluded positively.

read more
UK Inflation Eases To 3.2%

UK Inflation Eases To 3.2%

UK inflation slowed more than expected in November, strengthening the call for an interest rate reduction this week, official data revealed on Wednesday. The consumer price index rose 3.2 percent year-on-year, slower than the 3.6 percent increase in October, the Office for National Statistics said. Inflation was forecast to ease marginally to 3.5 percent.
RTTNews | Před 7 h 45 min
FTSE 100 Rises Sharply As Soft Inflation Data Raises Rate Cut Bets

FTSE 100 Rises Sharply As Soft Inflation Data Raises Rate Cut Bets

U.K. market's benchmark index FTSE 100 climbed up sharply on Wednesday as data showing cooler than expected consumer price inflation in the month of November raised expectations the Bank of England will announce an interest rate cut on Thursday.
RTTNews | Před 8 h 20 min
CAC 40 Modestly Lower In Cautious Trade

CAC 40 Modestly Lower In Cautious Trade

The French stock market gained some ground in positive territory Wednesday morning, supported by gains in the financials sector. However, with investors looking for directional clues, the mood turned a bit cautious subsequently and the market slipped into negative territory.
RTTNews | Před 8 h 42 min
DAX Pares Early Gains, Down Marginally As Auto Stocks Lose Ground

DAX Pares Early Gains, Down Marginally As Auto Stocks Lose Ground

After opening on a firm note and edging up a bit, Germany's DAX slipped into negative territory on Wednesday as investors turned cautious, digesting the latest batch of economic data from the region, and looking ahead to fresh data later in the week.
RTTNews | Před 8 h 58 min
German Ifo Business Sentiment At 7-Month Low

German Ifo Business Sentiment At 7-Month Low

German business confidence deteriorated to a seven-month low in December as companies were more pessimistic about the first half of next year, survey data from the Munich-based ifo Institute showed on Wednesday. The business climate index dropped to 87.6 in December from 88.0 in November. The score was expected to rise to 88.2.
RTTNews | Před 9 h 2 min
Pound Falls On Soft U.K. CPI Data

Pound Falls On Soft U.K. CPI Data

The British pound weakened against other major currencies in the European session on Wednesday, after U.K. inflation slowed more than expected in November.
RTTNews | Před 10 h 9 min
Indian Shares Extend Losses For Third Day

Indian Shares Extend Losses For Third Day

Indian shares ended lower for a third consecutive session on Wednesday after overnight data indicated a continued cooling in the U.S. labor market.
RTTNews | Před 10 h 31 min