FTSE 100 Gains As Investors Await Jeremy Hunt's Financial Statement

RTTNews | vor 1043 Tagen
FTSE 100 Gains As Investors Await Jeremy Hunt's Financial Statement

(RTTNews) - U.K. stocks were a tad higher on Monday as higher oil prices lifted energy stocks and investors awaited a statement from Britain's new finance minister Jeremy Hunt on the government's fiscal plans.

The benchmark FTSE 100 was up 27 points, or 0.4 percent, at 6,886 after closing up 0.1 percent on Friday.

Oil & gas firm BP Plc rose 0.7 percent and Shell added half a percent as oil prices rose about 1 percent on a softer dollar and amid hopes of better fuel demand from China.

Investment platform Hargreaves Lansdown, which is facing a £100 million ($113 million) lawsuit from thousands of investors, plunged 7.7 percent.

Broadcaster ITV surged 8.3 percent, buoyed by a Financial Times report that the company is reviewing the future of its production arm ITV Studios.

ASOS plummeted 12 percent. The online fashion retailer confirmed reports suggesting that it is in negotiations with its lenders over changing the terms of its 350 million pound ($394 million) borrowing facility.

read more
RBA Minutes On Tap For Tuesday

RBA Minutes On Tap For Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its August 12 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.
RTTNews | vor 57 Minuten
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved slightly above the flat line in late afternoon trades on Monday, but quickly tumbled again to eventually settle on a weak note.
RTTNews | vor 4Std 55 Minuten
European Markets Close Weak After Cautious Session

European Markets Close Weak After Cautious Session

European stocks closed on a weak note on Monday after a cautious session as investors awaited key inflation data from major economies in the region, and looked for more details about U.S. - EU trade deal.
RTTNews | vor 5Std 16 Minuten
Canadian Market Down More Than 0.5% On Profit Taking

Canadian Market Down More Than 0.5% On Profit Taking

After opening slightly down, the Canadian market slipped deeper into the red on Monday, weighed down by losses in healthcare, consumer staples, utilities and materials sectors.
RTTNews | vor 5Std 56 Minuten
U.S. New Home Sales Pull Back From Upwardly Revised Level In July

U.S. New Home Sales Pull Back From Upwardly Revised Level In July

New home sales in the U.S. decreased from an upwardly revised level in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 652,000 in July after surging by 4.1 percent to an upwardly revised rate of 656,000 in June.
RTTNews | vor 7Std 40 Minuten
Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares may open on a weak note Monday morning, tracking lower metal prices and European stocks. However, energy stocks may find support on higher oil prices, and help limit market's downside.
RTTNews | vor 10Std 21 Minuten
Dollar Extends Losses Amidst Powell's Dovish Surprise

Dollar Extends Losses Amidst Powell's Dovish Surprise

A markedly dovish tone in Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday weakened the Dollar, resulting in further losses for the currency during the week ended August 22.
RTTNews | vor 11Std 7 Minuten