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FTSE 100 Declines As Retail Sales Growth Slows

RTTNews | 706 days ago

FTSE 100 Declines As Retail Sales Growth Slows

(RTTNews) - U.K. stocks declined on Tuesday after data from the British Retail Consortium showed British retail sales growth slowed to a seven-month low in May as a result of rising food costs.

The benchmark FTSE 100 was down 39 points, or half a percent, at 7,561 after finishing marginally lower on Monday.

N Brown Group plunged 15 percent after it swung to a pre-tax loss in the fiscal 2023 in a "challenging" market.

Paragon Banking Group surged 8.5 percent after upgrading its FY23 guidance and launching a second 50.0-million-pound ($62.2 million) share buyback program for the year.

British American Tobacco edged down slightly despite backing its annual outlook. Primark owner Associated British Foods was also moving lower after it agreed to buy dairy technology firm National Milk Records for £48m.

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Win Streak May Continue For Taiwan Stock Market

Win Streak May Continue For Taiwan Stock Market

The Taiwan stock market has moved higher in two straight sessions, collecting almost 600 points or 3 percent in that span. The Taiwan Stock Exchange now sits just beneath the 21,130-point plateau and it's tipped to open in the green on Tuesday.

RTTNews | 24 minutes ago

Singapore Shares May Test Resistance At 3,900 Points

Singapore Shares May Test Resistance At 3,900 Points

Ahead of Monday's holiday for Wesak Day, the Singapore stock market had bounced higher again, one day after ending the five-day winning streak in which it had risen more than 60 points or 1.7 percent. The Straits Times Index now sits just above the 3,875-point plateau and it's expected to open to the upside again on Tuesday.

RTTNews | 54 minutes ago

Malaysia Bourse Tipped To Return To The Upside

Malaysia Bourse Tipped To Return To The Upside

Ahead of Monday's holiday for Wesak Day, the Malaysia stock market had moved higher in two of three trading days since ending the two-day slide in which it had slipped six points or 0.4 percent. The Kuala Lumpur Composite Index now sits just above the 1,545-point plateau and it's likely to see additional support again on Tuesday.

RTTNews | 1h 24min ago

Nikkei May Crack Resistance At 38,000 Points

Nikkei May Crack Resistance At 38,000 Points

The Japanese stock market has moved higher in three straight sessions, rallying more than 860 points or 2.3 percent along the way. The Nikkei 225 now sits just beneath the 37,650-point plateau and it may extend its gains again on Tuesday.

RTTNews | 1h 39min ago

Tech Shares Likely To Power KOSPI

Tech Shares Likely To Power KOSPI

The South Korea stock market rebounded on Monday, one session after snapping the three-day winning streak in which it had risen more than 20 points or 0.8 percent. The KOSPI now sits just shy of the 2,610-point plateau and it may add to its winnings on Tuesday.

RTTNews | 1h 54min ago

New Zealand Card Retail Sales Data Due On Tuesday

New Zealand Card Retail Sales Data Due On Tuesday

New Zealand will on Tuesday release April figures for electronic card retail sales, highlighting a modest day for Asia-Pacific economic activity. In March, sales sank 0.8 percent on quarter and 1.6 percent on year.

RTTNews | 2h 54min ago

Pound Rises Against Most Majors

Pound Rises Against Most Majors

The pound advanced against its most major counterparts in the New York session on Monday.

RTTNews | 5h 28min ago

TSX Remains Firmly Up Despite Coming Off Early Highs

TSX Remains Firmly Up Despite Coming Off Early Highs

The Canadian market remains in positive territory Monday afternoon as the mood remains fairly bullion amid easing concerns about tariffs following China and U.S. agreeing on a trade deal.

RTTNews | 7h 1min ago

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