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FTSE 100 Slips Amid Rate Woes
(RTTNews) - U.K. stocks were moving lower on Friday as concerns over U.S. rate hikes overshadowed strong retail sales data.
U.K. shop sales volumes unexpectedly rose by 0.5 percent in January, after falling in December, official figures showed.
The benchmark FTSE 100 was down 40 points, or half a percent, at 7,973 after rising 0.2 percent the previous day.
Kingspan Group shares soared 6.3 percent. The Irish building materials firm reported higher revenue and profit last year despite "bumpy" economic conditions.
Medical products maker Smith+Nephew fell about 1 percent after naming Rupert Soames as its new chairman designate.
Warehouse specialist SEGRO advanced 1.5 percent after delivering a strong operational result for 2022.
Lender NatWest fell more than 8 percent despite reporting a strong rise in annual profits.
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Australia Inflation Accelerates To 1-Year High
Australia's consumer price inflation accelerated more than expected to a one-year high in July, indicating a more gradual approach to monetary policy easing. The CPI indicator advanced 2.8 percent year-on-year in July, following June's 1.9 percent rise, the Australian Bureau of Statistics reported. This was the strongest since July 2024.
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1घंटे 15 मिनट पहले
European Economic News Preview: German GfK Consumer Confidence Due
Consumer sentiment survey data from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK publishes Germany's monthly consumer confidence survey results. The consumer sentiment indicator is forecast to fall to -22 in September from -21.5 in August.
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1घंटे 50 मिनट पहले
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.
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2घंटे 39 मिनट पहले
Asian Markets Mixed In Cautious Trades
Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation, which could impact the outlook for interest rates.
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2घंटे 43 मिनट पहले
Mild Upside Seen For Thai Stock Market
The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.
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4घंटे 10 मिनट पहले
Japanese Market Slightly Lower
The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.
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4घंटे 28 मिनट पहले
Indonesia Shares May Reverse Tuesday's Losses
The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again on Wednesday.
The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.
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4घंटे 40 मिनट पहले
Australian Market Modestly Higher
Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.
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4घंटे 46 मिनट पहले
