FTSE 100 Gains As Recession Worries Ease

RTTNews | hace 1008
FTSE 100 Gains As Recession Worries Ease

(RTTNews) - U.K. stocks traded higher on Thursday as a slew of upbeat earnings results offset concerns surrounding inflation and interest-rate hikes.

Investors were also reacting to reports suggesting that the U.K. may avoid a recession this year.

The National Institute of Economic and Social Research (Niesr) said the economy will grow marginally this year, despite high prices hitting household budget.

The benchmark FTSE 100 was up 59 points, or 0.8 percent, at 7,944 after gaining 0.3 percent on Wednesday.

Consumer goods group Unilever edged up slightly after reporting quarterly underlying sales growth above expectations.

AstraZeneca jumped 4.5 percent. The drug maker swung to fourth-quarter profit and forecast growth in earnings and revenues in 2023.

British American Tobacco plunged 5.6 percent despite reporting higher full-year sales and profits.

read more
European Economic News Preview: UK GDP Data Due

European Economic News Preview: UK GDP Data Due

Quarterly national accounts from the UK and industrial production from the euro area are the major reports due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade data. The economy is forecast to grow 0.2 percent sequentially, slower than the 0.3 percent expansion in the second quarter.
RTTNews | hace 1h 18min
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian market is sharply extending its early losses in mid-market moves on Thursday, adding to the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,750 level, with weakness is financial, energy and technology stocks partially offset by gains in gold miner stocks.
RTTNews | hace 3h 4min
Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian markets are mixed on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the release of a barrage of US economic data after the US House of Representatives voted on a bill to end the longest government shutdown in U.S. history. The end to the impasse would enable the US Fed to gauge the economy precisely well ahead of its December meeting.
RTTNews | hace 3h 9min
Higher Open Called For Thai Stock Market

Higher Open Called For Thai Stock Market

The Thai stock market has finished lower in consecutive trading days, dropping more than 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,285-point plateau although it's expected to find traction on Thursday.
RTTNews | hace 4h 41min
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is notably higher on Thursday, extending the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 51,250 level, with gains across most sectors led by technology and financial stocks. Index heavyweights were weak.
RTTNews | hace 4h 58min
Indonesia Bourse May Extend Wednesday's Gains

Indonesia Bourse May Extend Wednesday's Gains

The Indonesia stock market on Wednesday ended the two-day slide in which it had fallen almost 30 points or 0.4 percent. The Jakarta Composite Index now sits just beneath the 8,390-point plateau and it may add to its winnings on Thursday.
RTTNews | hace 5h 11min
Hang Seng May Breach 27,000-Point Level

Hang Seng May Breach 27,000-Point Level

The Hong Kong stock market has moved higher in three straight sessions, advancing almost 675 points or 2.9 percent along the way. The Hang Seng Index now rests just above the 26,920-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | hace 5h 26min