FTSE 100 Edges Higher After Inflation Data

RTTNews | hace 187
FTSE 100 Edges Higher After Inflation Data

(RTTNews) - U.K. stocks edged higher on Wednesday and the pound sterling held steady despite new data showing that U.K. inflation rose to an eight-month high in November.

The consumer price index posted an annual growth of 2.6 percent in November, up from 2.3 percent in October.

Core inflation, excluding prices of energy, food, alcohol and tobacco, advanced to 3.5 percent from 3.3 percent.

The data supported expectations that the Bank of England will hold interest rates at its final meeting of the year on Thursday.

The benchmark FTSE 100 was up 26 points, or 0.3 percent, at 8,221 after losing 0.8 percent the previous day.

Kingfisher, a home improvement company, rose about 1 percent after selling its Brico Dépôt Romania business to Altex Romania for €70m.

Character Group, a toys, games, and giftware company, rallied 3 percent after posting year-end results in line with expectations.

Hardide, a provider of tungsten carbide coatings to engineering components, jumped 29 percent after it secured a 10-year deal for coating aerospace cargo door components.

read more
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market trading on Monday, extending the losses in the previous four sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 8,500.00 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | hace 50 minutos
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Monday, following the mixed cues from Wall Street on Friday, amid escalation in the middle-east conflict after the U.S. joined Israel in the weeks-long war with Iran, with US carrying out a "successful" airstrike on three nuclear sites in Iran over the weekend. This has heightened fears of a broader regional conflict.
RTTNews | hace 1h 11min
Sensex, Nifty Seen Lower As US Enters Israel-Iran War

Sensex, Nifty Seen Lower As US Enters Israel-Iran War

Indian shares look set to open on a sluggish note Monday, tracking weak cues from Asian markets and a spike in oil prices after the United States carried out a "very successful attack" on three nuclear sites in Iran and the latter vowed retaliation, saying it "reserves all options."
RTTNews | hace 1h 44min
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Monday, extending the losses in the previous two sessions, following the mixed cues from Wall Street on Friday, with the Nikkei 225 falling to near the 38,000 mark, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | hace 2h 20min
Oversold Thai Stock Market Called Lower Again On Monday

Oversold Thai Stock Market Called Lower Again On Monday

The Thai stock market has finished lower in seven straight sessions, slumping more than 75 points or 6.5 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,070-point plateau and it's likely to open to the downside again on Monday.
RTTNews | hace 2h 24min
Indonesia Stock Market May Be Stuck In Neutral On Monday

Indonesia Stock Market May Be Stuck In Neutral On Monday

The Indonesia stock market has tracked lower in three straight sessions, slumping almost 250 points or 3.1 percent in that span. The Jakarta Composite Index now sits just above the 6,900-point plateau and it may continue to spin its wheels on Monday.
RTTNews | hace 2h 54min
Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is notably lower on Monday, extending the losses in the previous four sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,450.00 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | hace 3h 8min
Renewed Selling Pressure Expected For Hong Kong Shares

Renewed Selling Pressure Expected For Hong Kong Shares

The Hong Kong stock market on Friday wrote a finish to the three-day losing streak in which it had given up more than 820 points or 3.4 percent along the way. The Hang Seng Index now sits just above the 23,530-point plateau, although it's likely to turn lower again on Monday.
RTTNews | hace 3h 9min