FTSE 100 Retreats On Growth Worries; Energy Stocks Worst Hit

RTTNews | 983天前
FTSE 100 Retreats On Growth Worries; Energy Stocks Worst Hit

(RTTNews) - U.K. stocks slipped into the red on Thursday as recession fears gripped financial markets and offset recent optimism surrounding China's reopening.

The benchmark FTSE 100 was down 45 points, or 0.6 percent, at 7,784 after declining 0.3 percent the previous day.

Oil & gas firm BP Plc fell 2.2 percent and Shell lost 1.8 percent as crude prices extended losses on the back of weak U.S. economic data and a surprise build in U.S. crude stocks.

Harbour Energy tumbled 3 percent as it launched a review of its U.K. operations and cut its 2023 spending plan.

Events-and academic publishing group Informa advanced 1.7 percent after saying that it expects to report higher revenue and adjusted operating profit for 2022.

Melrose Industries dropped 1 percent. The company said the aerospace business of the former GKN traded in line with expectations in 2022.

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Japan Stock Market Expected To Open In The Green

Japan Stock Market Expected To Open In The Green

The Japanese stock market on Friday ended the three-day winning streak in which it had improved almost 725 points or 1.5 percent. The Nikkei 225 now sits just above the 45,350-point plateau although it may moved back to the upside again on Monday.
RTTNews | 19分鐘前
KOSPI Expected To Halt Losing Streak

KOSPI Expected To Halt Losing Streak

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RTTNews | 34分鐘前
Japan Leading Index Data Due On Monday

Japan Leading Index Data Due On Monday

Japan will on Monday release July results for its leading and coincident indexes, highlighting a very light day for Asia-Pacific economic activity.
RTTNews | 1小時34分鐘前
Canadian Market Modestly Higher; Materials Stocks Shine

Canadian Market Modestly Higher; Materials Stocks Shine

The Canadian market looks set to end on a positive note on Friday with the nation's GDP data and data showing U.S. consumer prices increased in line with expectations in the month of August help underpin sentiment.
RTTNews | 2天前
Swiss Market Settles On Firm Note

Swiss Market Settles On Firm Note

The Switzerland market closed on a firm note on Friday, in line with markets across Europe, as data showing U.S. consumer prices increased in line with estimates helped ease concerns about the outlook for rate cuts by the Federal Reserve. Investors largely shrugged off U.S. President Donald Trump's announcement of a fresh round of tariffs.
RTTNews | 2天前
European Markets Close On Firm Note On Renewed Hopes Of Fed Rate Cuts

European Markets Close On Firm Note On Renewed Hopes Of Fed Rate Cuts

Despite U.S. President Donald Trump's announcement of fresh tariffs on several items imported into America, the major European markets closed on a firm note on Friday amid prospects of the Federal Reserve lowering interest rates after a closely watched data showed consumer prices in U.S. increased in line with estimates in the month of August.
RTTNews | 2天前
U.S. Consumer Sentiment Declines Slightly More Than Initially Estimated In September

U.S. Consumer Sentiment Declines Slightly More Than Initially Estimated In September

Consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of September, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for September was downwardly revised to 55.1 from a preliminary ready of 55.4.
RTTNews | 2天前