FTSE 100 Climbs As Earnings Pick Up Pace

RTTNews | 1013 days ago
FTSE 100 Climbs As Earnings Pick Up Pace

(RTTNews) - U.K. stocks advanced on Wednesday as investors cheered Fed Chair Jerome Powell's comments on disinflation and assessed the latest financial results from prominent companies.

The benchmark FTSE 100 climbed 0.7 percent to 7,918 after gaining 0.4 percent in the previous session.

Severn Trent edged down slightly despite the water supply firm reaffirming its fiscal 2023 guidance.

Smurfit Kappa tumbled 3.2 percent. The packaging giant reported a rise in profit in 2022, but box volumes were down around 2 percent against a strong prior year.

Housebuilder Barratt Developments added nearly 2 percent after raising its home completion guidance.

Transport operator FirstGroup soared 5.6 percent after it agreed to buy Ensign Bus Company Ltd. for an undisclosed sum. Asset manager Ashmore gained 1 percent despite reporting sharply lower half-yearly profit.

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Indian Shares Edge Higher In Cautious Trade

Indian Shares Edge Higher In Cautious Trade

Indian shares inched higher on Monday, with underlying sentiment supported by a resounding victory for the BJP-led NDA in the Bihar elections and optimism surrounding a potential India-U.S. trade deal.
RTTNews | 1h 24min ago
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Monday, adding to the losses in the previous four sessions, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,600.00 level, with weakness in financial stocks and mixed performance across most other sectors.
RTTNews | 2h 24min ago
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the mixed cues from Wall Street on Friday, amid renewed uncertainty about the outlook for interest rates, the lofty valuation in the tech sector and the U.S. economic outlook. Asian markets closed mostly lower on Friday.
RTTNews | 2h 44min ago
Indian Shares Set To Open On Firm Note

Indian Shares Set To Open On Firm Note

Gift Nifty futures indicate a positive opening for Indian markets as a resounding victory for the BJP-led NDA in the Bihar elections added to stability to the coalition government at the Centre.
RTTNews | 3h 17min ago
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market headed south again on Friday, one day after ending the two-day slide in which it had given up more than 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just beneath the 1,270-point plateau and it's expected to see continued consolidation on Monday.
RTTNews | 3h 50min ago
Indonesia Shares May Take Further Damage On Monday

Indonesia Shares May Take Further Damage On Monday

The Indonesia stock market has finished lower in back-to-back sessions, falling almost 20 points or 0.3 percent along the way. The Jakarta Composite Index now sits just above the 8,370-point plateau and it's likely to open under water again on Monday.
RTTNews | 4h 20min ago
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Monday, extending the sharp losses in the previous session, following the mixed cues from Wall Street on Friday, with the Nikkei 225 falling below the 50,200 level, with weakness exporter and automaker stocks as well as a mixed performance across most other sectors.
RTTNews | 4h 23min ago
Hong Kong Bourse Tipped To Open In The Red

Hong Kong Bourse Tipped To Open In The Red

The Hong Kong stock market on Friday wrote a finish to the four-day winning streak in which it had rallied almost 825 points or 3.5 percent. The Hang Seng Index now rests just above the 26,570-point plateau and it may take further damage on Monday.
RTTNews | 4h 35min ago