FTSE 100 Little Changed On Economic Worries

RTTNews | vor 767 Tagen
FTSE 100 Little Changed On Economic Worries

(RTTNews) - U.K. stocks were little changed on Monday after a survey showed that the country's private sector is growing at its weakest pace in six months in July as a result of rising interest rates and still-high inflation.

The S&P Global/CIPS composite Purchasing Managers' Index showed a preliminary reading of 50.7, down from 52.8 in June.

The benchmark FTSE 100 was marginally higher at 7,664 after closing 0.2 percent higher on Friday.

Online grocer Ocado jumped 10.5 percent after settling a three-year intellectual property dispute with Norwegian robotics company AutoStore Holdings.

Telecom company Vodafone surged 4.4 percent after reporting better revenue growth in the first quarter and naming a new CFO.

S4 Capital slumped 18 percent after the digital advertising and marketing-services firm cut its annual revenue growth and core profit margin forecasts, citing challenging macroeconomic conditions and cautious clients.

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Chicago Business Barometer Slumps Much More Than Expected In August

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MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
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Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
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German Unemployment Exceeds 3 Mln

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Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
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Pound Slides Against Majors

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RTTNews | vor 4Std 21 Minuten