FTSE 100 Extends Gains As Commodities Surge

RTTNews | il y a 1135
FTSE 100 Extends Gains As Commodities Surge

(RTTNews) - U.K. stocks advanced on Tuesday, with commodity-linked stocks leading the surge after China relaxed its COVID-19 quarantine mandate.

The relaxation of the country's 'zero-COVID' policy came after Beijing and Shanghai reported no new local COVID-19 infections for the first time in months.

The benchmark FTSE 100 rose 83 points, or 1.2 percent, to 7,341 after climbing 0.7 percent on Monday.

Anglo American, Antofagasta and Glencore rallied 1-3 percent as iron ore futures gained on optimism over improved demand from China, the world's second-biggest economy and top metals consumer.

Oil & gas firm BP Plc and Shell both jumped around 3 percent after Brent crude prices rose above $116.2 per barrel.

Energy services firm Petrofac gained nearly 4 percent. The company said it expects revenue for its Asset Solutions unit to be higher in the second half of the year, supported by strong order intake in the year to date.

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European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Wednesday despite tariff worries, mixed earnings and signs of a weakening U.S. economy.
RTTNews | il y a 1h 53min
Sensex, Nifty Little Changed In Early Trade

Sensex, Nifty Little Changed In Early Trade

Indian shares were little changed in cautious trade on Wednesday after U.S. President Donald Trump threatened to raise tariffs on Indian goods "very substantially" within 24 hours, citing India's continued purchases of Russian oil.
RTTNews | il y a 3h 3min
European Economic News Preview: Germany Factory Orders Data Due

European Economic News Preview: Germany Factory Orders Data Due

Factory orders and construction purchasing managers' survey data from Germany and retail sales from the euro area are the top economic news due on Wednesday. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data for June. Orders are forecast to grow 1.0 percent month-on-month, in contrast to the 1.4 percent fall in May.
RTTNews | il y a 3h 18min
Australian Market Maintains Early Gains In Mid-market

Australian Market Maintains Early Gains In Mid-market

The Australian stock market is maintaining its early gains in mid-market moves on Wednesday, extending to the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 8,800 level to all-time record highs, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.
RTTNews | il y a 4h 10min
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, amid the ongoing trade concerns following US President Donald Trump's latest comments on tariffs. Trump said he will be announcing new tariffs on semiconductors and chips as well as up to 250 percent on pharmaceuticals imported into the U.S.
RTTNews | il y a 4h 33min
Sensex, Nifty Likely To Open On Flat Note On Tariff Worries

Sensex, Nifty Likely To Open On Flat Note On Tariff Worries

Indian shares look set to open on a flat note Wednesday as investors react to U.S. President Donald Trump's latest tariff threats and await the Reserve Bank of India's policy announcement, with investors expecting a rate pause and dovish signals to offset rising external risks.
RTTNews | il y a 5h 5min
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, gathering almost 30 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,245-point plateau and it's expected to open under pressure on Wednesday.
RTTNews | il y a 5h 38min
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is slightly higher on Wednesday after opening well in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving well above the 40,550 level, with gains in automakers, exporters and financial stocks partially offset by weakness in technology stocks.
RTTNews | il y a 6h 0min