FTSE 100 Declines As Miners Drag On Growth Worries

RTTNews | 1253 days ago
FTSE 100 Declines As Miners Drag On Growth Worries

(RTTNews) - U.K. stocks were subdued on Tuesday, with miners declining as rising COVID-19 cases in China raised fears of a further slowdown in economic growth.

Stronger-than-expected jobs data also heightened fears of more interest-rate hikes. The ILO unemployment rate came in at 3.8 percent in three months to May, unchanged from three months to April but down by 0.1 percentage points on the quarter. The rate was forecast to rise to 3.9 percent.

The benchmark FTSE 100 was down 11 points, or 0.2 percent, at 7,212 after rising 0.9 percent the previous day.

Miners Anglo American, Antofagasta and Glencore all fell over 1 percent.

Events and academic-publishing group Informa jumped 4 percent after backing its full-year guidance.

Kier Group rallied 2.7 percent. The construction, services and property group said it expects full-year results to be in-line with the Board's expectations, reflecting a strong operational performance.

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European Stocks Close Broadly Higher

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RTTNews | 1h 9min ago
Canadian Stocks Turning In Mixed Performance

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RTTNews | 1h 52min ago
U.S. Consumer Confidence Deteriorates For Fifth Straight Month In December

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RTTNews | 3h 48min ago
U.S. Industrial Production Rises 0.2% In November, Slightly More Than Expected

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RTTNews | 4h 13min ago
U.S. Durable Goods Orders Plunge 2.2% In October, More Than Expected

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Reflecting a steep drop in orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of October. The report said durable goods orders tumbled by 2.2 percent in October after climbing by an upwardly revised 0.7 percent in September.
RTTNews | 4h 27min ago
Gold Rises To Fresh Record High On Safe-haven Buying

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RTTNews | 5h 11min ago