FTSE 100 Holds Steady Ahead Of US CPI Revisions

RTTNews | hace 553
FTSE 100 Holds Steady Ahead Of US CPI Revisions

(RTTNews) - U.K. stocks held steady on Friday after Tesco announced a deal to sell its banking arm.

The pound to dollar rate showed resilience above 1.2620 ahead of revisions to U.S. CPI data.

The benchmark FTSE 100 was marginally higher at 7,596 after declining 0.4 percent on Thursday.

Bellway fell about 1 percent. The home builder reported weak housing revenue in its first half, reflecting lower completions and pricing.

Victrex shed 2.3 percent. The polymers group said it had a "soft start" in its first quarter and therefore making full-year guidance could be tricky.

Tesco gained 1 percent. The groceries and general merchandise retailer announced a deal to sell certain banking operations to lending major Barclays.

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New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.
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U.S. Retail Sales Climb 0.5% In July, In Line With Estimates

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RTTNews | hace 1h 20min