FTSE 100 Rises Despite Tesco's Inflation Warning

RTTNews | vor 1056 Tagen
FTSE 100 Rises Despite Tesco's Inflation Warning

(RTTNews) - U.K. stocks advanced on Friday, a day after the Bank of England stuck to its gradual increases in interest rates and said it was ready to act "forcefully" to stamp out dangers posed by rising inflationary pressures.

The benchmark FTSE 100 rose 62 points, or 0.9 percent, to 7,107 after plunging 3.1 percent on Thursday.

Tesco shares were little changed. The retailer said it was seeing early indications of changing customer behavior due to pressure on households from soaring inflation.

Miner and trader Glencore rallied 2.4 percent after saying it was on track for a record full-year performance.

Media firm Future surged 6.2 percent after it has made an "encouraging start" to the second half, supported by a return to audience growth.

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Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian stock market is trading slightly higher on Friday after opening in the red, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,200 level, with gains in technology and energy stocks partially offset by weakness in mining and financial stocks.
RTTNews | vor 14 Minuten
China Shares May Extend Winning Streak

China Shares May Extend Winning Streak

The China stock market has finished higher in three straight sessions, gathering more than 70 points or 2.2 percent along the way. The Shanghai Composite Index now rests just above the 3,350-point plateau and it's expected to open to the upside again on Friday.
RTTNews | vor 16 Minuten
Higher Open Called For Taiwan Stock Market

Higher Open Called For Taiwan Stock Market

The Taiwan stock market turned lower again on Thursday, one day after snapping the two-day slide in which it had slumped more than 260 points or 1.3 percent. The Taiwan Stock Exchange now sits just shy of the 20,550-point plateau, although it's likely to rebound again on Friday.
RTTNews | vor 46 Minuten
Renewed Support Anticipated For Singapore Stock Market

Renewed Support Anticipated For Singapore Stock Market

The Singapore stock market on Thursday ended the five-day winning streak in which it had risen more than 60 points or 1.7 percent. The Straits Times Index now sits just shy of the 3,850-point plateau although it's expected to bounce higher again on Friday.
RTTNews | vor 1Std 16 Minuten
Little Movement Expected For Malaysia Stock Market

Little Movement Expected For Malaysia Stock Market

The Malaysia stock market headed south again on Thursday, one session after ending the two-day slide in which it had slipped six points or 0.4 percent. The Kuala Lumpur Composite Index now sits just above the 1,540-point plateau and it's expected to remain rangebound again on Friday.
RTTNews | vor 1Std 46 Minuten
Japan Bourse May Extend Thursday's Gains

Japan Bourse May Extend Thursday's Gains

The Japanese stock market bounced higher again on Thursday, one day after halting the seven-day winning streak in which it had rallied more than 2,600 points or 7.6 percent. The Nikkei 225 now sits just shy of the 36,930-point plateau and it may add to its winnings on Friday.
RTTNews | vor 2Std 1 Minuten