FTSE 100 Gains Despite Weak PMI Data

RTTNews | vor 811 Tagen
FTSE 100 Gains Despite Weak PMI Data

(RTTNews) - U.K. stocks advanced on Wednesday despite the latest manufacturing and service sector readings coming in below expectations.

The manufacturing PMI fell from 45.3 to 41.5 in August, hitting a 39-month low, while the services PMI fell from 51.5 to 48.7, touching a 7-month low.

The benchmark FTSE 100 was up 46 points, or 0.6 percent, at 7,317 after closing 0.2 percent higher on Tuesday.

In corporate news, GSK rose about 1 percent after reporting significant positive findings from its first efficacy trial of the 'Shingrix' shingles vaccine in China.

Cohort's, an aerospace defense company, jumped over 4 percent after its unit Systems Engineering & Assessment secured a contract worth 17.5 million pounds from a U.K. customer.

Oil & gas company Ithaca Energy fell nearly 2 percent after posting a drop in first-half attributable profit and revenue.

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Sensex, Nifty Extend Gains As IT Stocks Surge

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Australian Market Extends Early Gains In Mid-market

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Indian shares are seen opening a tad higher on Wednesday, tracking mostly positive cues from global markets.
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The Indonesia stock market has moved lower in back-to-back sessions, slumping almost 30 points or 0.4 percent along the way. The Jakarta Composite Index now sits just above the 8,360-point plateau although it's expected to find traction on Wednesday.
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Japanese Market Slightly Higher

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The Japanese stock market is trading slightly higher on Wednesday after opening in the red, reversing some of the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 50,900 level, with gains in automakers and financial stocks partially offset by weakness in technology stocks.
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Higher Open Anticipated For Hong Kong Shares

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The Hong Kong stock market has moved higher in two straight sessions, advancing almost 450 points or 2 percent along the way. The Hang Seng Index now rests just beneath the 26,700-point plateau and it's expected to open to the upside again on Wednesday.
RTTNews | vor 4Std 39 Minuten