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FTSE 100 Declines As Financials And Energy Stocks Drag
(RTTNews) - U.K. stocks were moving lower on Friday as the pound sterling held gains and investors awaited the latest U.S. labor market statistics for directional cues.
The benchmark FTSE 100 dropped 28 points, or 0.4 percent, to 7,531 after declining 0.2 percent on Thursday.
Financials declined, with Standard Chartered and HSBC Holdings falling around 1 percent each.
Energy stocks succumbed to selling pressure after recent gains.
BP Plc lost 2.5 percent and Shell gave up 1.60 percent after the release of troubling U.S. manufacturing data and amid uncertainty over the outcome of Sunday's OPEC+ meeting.
Wizz Air Holdings gained nearly 2 percent after reporting a 70 percent rise in passenger traffic figures for November.
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Canadian Market Turns Weak, Set To Snap 10-session Winning Streak
After ten straight days of gains, the Canadian market is down in negative territory Wednesday afternoon, weighed down by losses in healthcare, technology, real estate and consumer discretionary sectors.
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Swiss Markets Ends Modestly Lower
The Switzerland market ended lower on Wednesday after languishing in negative territory right through the day's trading session, as concerns about trade and geopolitical uncertainty rendered the mood cautious, prompting investors to refrain from making significant moves.
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European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty
European stocks turned in a mixed performance on Wednesday after a cautious session as investors awaited clarity on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weighed on sentiment.
A downward revision in U.S. federal deficit weighed as well.
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Bay Street Seen Opening On Mixed Note
Canadian shares are likely to open on a mixed note Wednesday morning. Weak European stocks, concerns about U.S. debt, impasse over peace talks and a lack of progress in trade negotiations may weigh on sentiment.
Firm bullion and crude oil prices could trigger buying in resources sectors and limit market's downside.
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UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax
UK consumer price inflation accelerated sharply to the highest level in more than a year in April due to higher domestic bills and the hike in employers' taxes, official data revealed on Wednesday. The consumer price index rose by a bigger-than-expected 3.5 percent year-on-year in April, which was faster than the 2.6 percent increase in March, the Office for National Statistics reported.
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FTSE 100 Down Marginally As Investors Focus On Inflation Data, Earnings
U.K. stocks are marginally down on Wednesday amid concerns over an impasse in Russia-Ukraine peace talks, a lack of progress in trade negotiations, and data showing an acceleration in British consumer price inflation in the month of April.
Investors are also reacting to some corporate earnings announcements.
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CAC 40 Moderately Lower In Cautious Trade
French stocks are under a bit of pressure on Wednesday amid uncertainty about Ukraine-Russia peace talks, and a lack of positive progress on the trade front. The recent downgrade of U.S. sovereign credit rating by Moody's weigh as well on investor sentiment.
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Sensex, Nifty Snap Three-day Losing Streak
Indian shares eked out modest gains on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.
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