FTSE 100 Rises Nearly 2%

RTTNews | il y a 56
FTSE 100 Rises Nearly 2%

(RTTNews) - The U.K. market is up firmly in positive territory in late morning trades on Monday with investors picking up stocks, reacting to the temporary exemption announced by the U.S. on tech products, including smartphones, computers, and key electronics.

However, there is still some uncertainty about Trump's moves, as commerce secretary Howard Lutnick later clarified that these exemptions are not permanent. Trump later said on Truth Social that they are still subject to the existing 20% Fentanyl tariffs, but just moving to another bracket.

The announcement by the US Customs and Border Protection over the weekend that new exemptions from tariffs on various tech products, including smartphones, laptops, and other electronics means that selected electronic items will be excluded from the current 145% tariffs on China, as well as the 10% baseline tariffs.

The U.S. President has said that he would announce the tariff rate on imported semiconductors within the next week.

The benchmark FTSE 100, which advanced to 8,136.78 earlier in the morning, is up 148.32 points or 1.86% at 8,112.50 nearly half an hour before noon.

Convatec Group is rising nearly 6% and BP is up 5.2%. Barclays, EasyJet, JD Sports Fashion, Standard Chartered, Pershing Square Holdings, Melrose Industries, Prudential, Sainsbury (J), Polar Capital Technology Trust, Glencore and IAG are up 3 to 5%.

Diageo, WPP, BT Group, Natwest Group, Antofatasta, ICG, Associated British Foods, Hiscox, HSBC Holdings, Vodafone Group, Aviva, Airtel Africa, Smith & Nephew, Kingfisher, Centrica and Phoenix Group Holdings are rising 2 to 3%.

Wood Group shares soared up to 32% after Dubai-based Sidara made a conditional bid of 35p per share and proposed a £450 million cash injection. The stock pared most of its gains subsequently, but still remains nearly 11% up from previous closing price.

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Canadian Market Up Marginally In Cautious Trade

Canadian Market Up Marginally In Cautious Trade

After a flat start and a subsequent drop to lower levels, the Canadian market emerged into positive territory about an hour past noon on Monday, but remains somewhat subdued with investors seeming reluctant to make significant moves. The mood is cautious as investors await U.S. - China trade talks in London.
RTTNews | il y a 2h 43min
European Stocks Close Weak After Cautious Session

European Stocks Close Weak After Cautious Session

European markets settled lower on Monday after a subdued performance as investors awaited the outcome of U.S.-China high-level trade talks in London. Also, a lack of regional economic data and earnings news contributed to the cautious mood in the markets.
RTTNews | il y a 3h 11min
FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.
RTTNews | il y a 6h 57min
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.
RTTNews | il y a 8h 49min
FTSE 100 Down Marginally At Noon

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.
RTTNews | il y a 10h 1min
CAC 40 Down Slightly In Lackluster Trade

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.
RTTNews | il y a 10h 22min
DAX Down Over 0.5% In Cautious Trade

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.
RTTNews | il y a 10h 43min