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FTSE 100 Slips On Recession Worries

RTTNews | 1107天前

FTSE 100 Slips On Recession Worries

(RTTNews) - U.K. stocks were moving lower on Monday, with recession worries and fears of aggressive interest rate hikes by central banks weighing on sentiment.

The benchmark FTSE 100 dropped 46 points, or 0.6 percent, to 7,503 after closing 0.1 percent higher on Friday.

Miners Anglo American and Antofagasta lost 1-2 percent on concerns about China's growth prospects.

Telecom major Vodafone Group slipped half a percent after it agreed to the potential sale of Vodafone Magyarország Távközlési Zrt or Vodafone Hungary for an enterprise value of HUF 715 billion or 1.8 billion euros in cash.

Cinema chain Cineworld Group rallied 2.3 percent after confirming that it is considering a voluntary Chapter 11 filing in the United States.

Wizz Air Holdings, a Hungarian ultra-low-cost carrier, plunged 6.5 percent on news its chief financial officer Jourik Hooghe will be stepping down to pursue another opportunity.

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Swiss Shares Extend Losing Streak

Swiss Shares Extend Losing Streak

The Swiss stock market closed under pressure again on Tuesday, stretching its losing streak to three sessions while giving up more than 130 points or 1.1 percent in that span.

RTTNews | 24分鐘前

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.

RTTNews | 29分鐘前

European Markets Finish In The Red On Tuesday

European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.

RTTNews | 36分鐘前

U.S. Construction Spending Unexpectedly Edges Lower In July

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.

RTTNews | 2小時37分鐘前

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Pizza, the largest pizza company in the world, announced the launch of two new Bread Bite flavors: Cinnamon and Garlic, to join Domino's Parmesan Bread Bites, adding to its line of oven-baked mouthwatering options for customers to enjoy.

RTTNews | 2小時49分鐘前

U.S. Manufacturing Index Inches Up In Line With Estimates In August

U.S. Manufacturing Index Inches Up In Line With Estimates In August

The Institute for Supply Management released a report on Tuesday showing a slight increase by its reading on U.S. manufacturing activity in the month of August, although the index still indicated the sixth consecutive month of contraction.

RTTNews | 2小時51分鐘前

FTSE 100 Slips As Yields Spike, Sterling Plunges

FTSE 100 Slips As Yields Spike, Sterling Plunges

The FTSE 100 benchmark of the London Stock Exchange dropped close to a percent amidst renewed concerns about the fiscal situation in the U.K.

RTTNews | 3小時38分鐘前

CAC 40 Slips Amidst Fiscal Concerns

CAC 40 Slips Amidst Fiscal Concerns

A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.

RTTNews | 4小時47分鐘前

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