FTSE 100 Declines On Weak Data

RTTNews | 720 days ago
FTSE 100 Declines On Weak Data

(RTTNews) - U.K. stocks edged lower on Tuesday after a survey showed U.K. factory output fell at the fastest pace in seven months in July, hit by higher interest rates.

Separate data from the British Retail Consortium revealed that British retail sales fell in July at the fastest rate since April 2022.

The Bank of England meets on Thursday and economists expect the central bank to raise rates by a quarter-point to 5.25 percent.

The benchmark FTSE 100 was down 14 points, or 0.2 percent, at 7,685 after finishing marginally higher the previous day.

JD Sports Fashion fell 2.8 percent after an investigation by the U.K.'s Competition and Markets Authority (CMA) confirmed that JD Sports and Leicester City Football Club broke competition law.

Lender HSBC Holdings added 1.5 percent after raising its key performance target.

Energy giant BP Plc rose 1.5 percent after raising dividend.

Silver miner Fresnillo plunged 6.6 percent after retailing its 2023 forecast. Pizza group Domino's jumped 7.5 percent on share buyback news.

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Australian Market Trims Early Gains In Mid-market

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RTTNews | 1h 3min ago
Asian Markets Trade Mostly Lower

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RTTNews | 1h 6min ago
Thai Stock Market May Run Out Of Steam On Tuesday

Thai Stock Market May Run Out Of Steam On Tuesday

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RTTNews | 2h 17min ago
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Hong Kong Shares Tipped To Open In The Red On Tuesday

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The Hong Kong stock market has moved higher in back-to-back sessions, gathering almost 600 points or 2.4 percent in that span. The Hang Seng Index now sits just beneath the 25,000-point plateau although it may be stuck in neutral on Tuesday.
RTTNews | 3h 2min ago
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian stock market is trading slightly higher on Tuesday, reversing some of the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,700 level, with gains in mining and energy stocks nearly offset by weakness in financial and technology stocks.
RTTNews | 3h 2min ago