FTSE 100 Gains Despite Weak PMI Data

RTTNews | il y a 812
FTSE 100 Gains Despite Weak PMI Data

(RTTNews) - U.K. stocks advanced on Wednesday despite the latest manufacturing and service sector readings coming in below expectations.

The manufacturing PMI fell from 45.3 to 41.5 in August, hitting a 39-month low, while the services PMI fell from 51.5 to 48.7, touching a 7-month low.

The benchmark FTSE 100 was up 46 points, or 0.6 percent, at 7,317 after closing 0.2 percent higher on Tuesday.

In corporate news, GSK rose about 1 percent after reporting significant positive findings from its first efficacy trial of the 'Shingrix' shingles vaccine in China.

Cohort's, an aerospace defense company, jumped over 4 percent after its unit Systems Engineering & Assessment secured a contract worth 17.5 million pounds from a U.K. customer.

Oil & gas company Ithaca Energy fell nearly 2 percent after posting a drop in first-half attributable profit and revenue.

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Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
RTTNews | il y a 1h 57min
European Shares Seen Mostly Higher At Open

European Shares Seen Mostly Higher At Open

European stocks are seen opening broadly higher on Wednesday as traders hope for the end of the longest government shutdown in U.S. history.
RTTNews | il y a 3h 31min
European Economic News Preview: Germany Final Inflation Data Due

European Economic News Preview: Germany Final Inflation Data Due

Final inflation from Germany and industrial production from Italy are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to release Germany's final inflation data for October. The flash estimate showed that consumer price inflation is forecast to ease to 2.3 percent from 2.4 percent in September.
RTTNews | il y a 3h 33min
Sensex, Nifty Extend Gains As IT Stocks Surge

Sensex, Nifty Extend Gains As IT Stocks Surge

Indian shares opened on a buoyant note Wednesday, with IT stocks surging amid positive global cues and on growing optimism over a potential trade deal with the United States.
RTTNews | il y a 4h 31min
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Wednesday, reversing the losses in the previous session, with the benchmark S&P/ASX 200 staying well above the 8,800 level, following the mixed cues from Wall Street overnight, with gains in mining and energy stocks partially offset by weakness in technology stocks.
RTTNews | il y a 5h 57min
Asian Markets A Sea Of Green

Asian Markets A Sea Of Green

Asian stock markets are a sea of green on Wednesday, following the mixed cues from Wall Street overnight, amid optimism about an end to the record-setting U.S. government shutdown of 42 days and expectations of the US Fed cutting interest-rate next month. Traders largely shrugged off worries about the economic impact of the shutdown. Asian markets closed mixed on Tuesday.
RTTNews | il y a 6h 4min
Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares are seen opening a tad higher on Wednesday, tracking mostly positive cues from global markets.
RTTNews | il y a 6h 36min
Mild Rebound Anticipated For Thai Stock Market

Mild Rebound Anticipated For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,300-point plateau although it's expected to move back to the upside again on Wednesday.
RTTNews | il y a 7h 11min