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FTSE 100 Slips Into Red After Recent Rally
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(RTTNews) - U.K. stocks traded slightly lower on Thursday after three days of gains.
The benchmark FTSE 100 was down 19 points, or 0.3 percent, at 7,467 after gaining 0.6 percent on Wednesday.
Oil & gas stocks fell, with BP Plc and Shell falling 1-2 percent as Brent crude futures fell below $81 a barrel on signs of higher U.S. supply.
Luxury fashion brand Burberry plummeted 8.2 percent after a warning that it might not meet its full-year revenue growth target for fiscal 2024.
Halma, a life-saving technology company, jumped more than 5 percent after posting record first-half results.
Insurer Aviva rose more than 1 percent after confirming full-year targets.
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Swiss Market Ends On Positive Note; UBS, Sika Among Top Gainers
The Switzerland market started off on a weak note on Wednesday, and like most of its European peers, recovered gradually and kept edging higher past mid afternoon to eventually settle on a firm note.
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European Stocks Shrug Off Early Weakness, Close Higher
European stocks recovered after a weak start and settled on a positive note on Wednesday, as investors tracked steady U.S. markets and indulged in some bargain hunting at several counters.
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TSX Rises Over 1%; Materials, Energy Stocks Move Up Sharply
The Canadian market is up firmly in positive territory on Wednesday, lifted by strong gains in energy, materials and technology sectors. Data showing an improvement in Canadian services sector activity, firm commodity prices and bargain hunting after recent sharp decline contribute to market's notable move up north.
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U.S. Service Sector Activity Returns To Expansion In October
The Institute for Supply Management released a report on Wednesday showing U.S. service sector activity returned to expansion in the month of October. The ISM said its services PMI climbed to 52.4 in October after falling to 50.0 in September, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.8.
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U.S. Private Sector Employment Rebounds More Than Expected In October
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. rebounded by more than expected in the month of October. ADP said private sector employment climbed by 42,000 jobs in October after slipping by a revised 29,000 jobs in September. Economists had expected private sector employment to rise by 25,000 jobs.
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U.S. Private Sector Adds 42,000 Jobs In October, More Than Expected
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. rebounded by more than expected in the month of October.
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Higher Commodity Prices, Bargain Hunting May Lift Canadian Stocks At Open
Canadian stocks may move higher Wednesday morning, tracking firm oil and metal prices. Some bargain hunting is also likely after a sell-off in the previous session pushed the market to a six-week low.
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Wall Street May Open With Slightly Negative Bias
Slightly lower S&P and Nasdaq futures amid valuation concerns indicate a flat to negative start for stocks on Wall Street Wednesday morning.
Data on manufacturing and services sector activity in the U.S. in the month of October may provide some direction to the mark
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