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FTSE 100 Marginally Higher After Recent Losses
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(RTTNews) - U.K. stocks were steady on Thursday after a three-day slump on worries about inflation and interest rates.
The benchmark FTSE 100 was marginally higher at 7,450 after losing 1.5 percent on Wednesday.
J Sainsbury, a chain of grocery stores, rose half a percent after an announcement that it is exploring a number of options for its financial services division.
Mining giant BHP fell about 1 percent after flagging possible writedowns at its nickel unit.
Kier Group added about 2 percent. The construction firm said its performance in the first half of its fiscal year remained ahead of last year's.
Watches Of Switzerland plummeted 26 percent after the luxury watch retailer cut its FY24 revenue guidance.
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Lower Open Predicted For Taiwan Stock Market
The Taiwan stock market rebounded on Friday, one day after ending the five-day winning streak in which it had rallied more than 910 points or 3.9 percent. The Taiwan Stock Exchange now sits just above the 24,330-point plateau although it may head south again on Monday.
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Little Movement Expected For Singapore Stock Market
The Singapore stock market has moved lower in two straight sessions, falling more than 40 points or 0.9 percent along the way. The Straits Times Index now sits just above the 4,230-point plateau and it's likely to remain in that neighborhood again on Monday.
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New Zealand Services Index Improves To 48.9 - BusinessNZ
The services sector in New Zealand continued to contract in July, albeit at a slower rate, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 48.9.
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Malaysia Bourse Likely To Remain Rangebound On Monday
The Malaysia stock market has moved lower in back-to-back sessions, slipping more than 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,575-point plateau and it may tick lower again on Monday.
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Japan Shares Due For Profit Taking On Monday
The Japan stock market bounced higher again on Friday, one day after snapping the six-day winning streak in which it had surged more than 3,000 points or 7.3 percent. The Nikkei 225 now sits just beneath the 43,380-point plateau although investors are likely to lock in gains on Monday.
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South Korea Shares May Be Stuck In Neutral On Monday
Ahead of Friday's holiday for Liberation Day, the South Korea stock market had moved higher in back-to-back sessions, gathering more than 35 points or 1.1 percent along the way. The KOSPI now sits just above the 3,225-point plateau although it m ay spin its wheels on Monday.
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Singapore Export Data On Tap For Monday
Singapore will on Monday release July figures for non-oil domestic exports, highlighting a light day for Asia-Pacific economic activity. In June, NODX was up 14.3 percent on month and 13.0 percent on year.
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Euro Higher Against Majors
The euro appreciated against its major counterparts in the New York session on Friday.
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