FTSE 100 Little Changed; Miners And Financials Surge On China Optimism

RTTNews | hace 690
FTSE 100 Little Changed; Miners And Financials Surge On China Optimism

(RTTNews) - U.K. stocks were little changed on Tuesday amid lingering worries about high inflation and rising interest rates.

However, miners rallied after Chinese Premier Li Qiang said his country was still on track to reach its annual growth target of around 5 percent.

The benchmark FTSE 100 was marginally higher at 7,456 after closing down 0.1 percent on Monday.

Antofagasta jumped 1.5 percent and BHP rose 1.1 percent as metal prices rose on optimism over Chinese growth.

China-focused insurer Prudential gained nearly 1 percent and HSBC Holdings was up 0.8 percent.

JD Sports Fashion plunged more than 5 percent after the retailer reported a slowdown in sales growth in May.

Fintech company Wise soared 18 percent after reporting a surge in annual profit in the financial year that ended March 31.

read more
U.S. Dollar Higher On Trade Hopes

U.S. Dollar Higher On Trade Hopes

The U.S. dollar appreciated against its major counterparts in the New York session on Friday, as investors focused on developments on the trade front.
RTTNews | hace 14h 31min
Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

Swiss Market Ends On Firm Note On Upbeat Industrial Production Data

After a positive start and a subsequent rise to higher levels Friday morning, the Switzerland market remained firm despite paring some gains, and ended the day's session on a bright note. Data showing a sharp jump in Swiss industrial production in the first-quarter aided sentiment.
RTTNews | hace 16h 20min
European Stocks Close Week On Positive Note

European Stocks Close Week On Positive Note

European stocks closed higher on Friday thanks to easing trade tensions following the announcement of the U.S.-China deal earlier in the week, and reports that the EU bloc's talks with the U.S. for a reduction in tariffs are making positive progress.
RTTNews | hace 16h 44min
Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian Market Recovers After Weak Start; TSX Up Marginally

Canadian stocks are turning in a mixed performance a little past noon on Friday after recovering from an early setback. Investors appear to be making cautious moves after eight straight days of gains that saw the market climb to a new record high on Thursday.
RTTNews | hace 17h 31min
U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May

Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the index to inch up to 53.4.
RTTNews | hace 19h 38min
U.S. Import, Export Prices Unexpectedly Inch Higher In April

U.S. Import, Export Prices Unexpectedly Inch Higher In April

The Labor Department released a report on Friday unexpectedly showing modest increases by both U.S. import and export prices in the month of April. The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.
RTTNews | hace 19h 40min
Eurozone Trade Surplus Surges On Exports To US

Eurozone Trade Surplus Surges On Exports To US

The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.
RTTNews | hace 20h 30min