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FTSE 100 Extends Losses As Inflation Focus Weighs

RTTNews | 616 days ago

FTSE 100 Extends Losses As Inflation Focus Weighs

(RTTNews) - FTSE 100 of the London Stock Exchange slipped more than a quarter percent, in line with its European peers even as markets reconciled with the prospect of central banks persisting with the inflation combat strategy. Hawkish comments by Bank of England officials weighed ahead of release of key global inflation updates. FTSE 100 oscillated between 7,460.70 and 7,403.25 as compared with the previous day's closing level of 7,460.70.

The benchmark index of the London Stock Exchange is currently trading at 7,435.49, having slipped 0.34 percent on an overnight basis.

In the 100-scrip index, only 20 are trading in the overnight green zone. Rolls Royce surged 6.5 percent after the company set new profit targets. Smurfit Kappa Group added 3.6 percent. Mondi gained 1.4 percent.

Pearson dipped 4.2 percent followed by Burberry Group that slipped 3.1 percent.

Rightmove, Entain, Ocado Group, Land Securities Group, Segro and Rentokil Initial have shed more than 2 percent.

Amidst the Dollar Index edging up to 103.23, the GBP/USD pair decreased 0.04 percent overnight to 1.2620. The pair ranged between 1.2642 and 1.2607 in the day's trade. Yields on U.K.'s ten-year bonds jumped more than 1.2 percent, to trade at 4.2670 percent amidst hawkish comments from Bank of England officials that insisted on maintaining a restrictive monetary policy. It was 4.213 percent at the previous close.

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New Zealand Jobless Rate Climbs To 5.2% In Q2

New Zealand Jobless Rate Climbs To 5.2% In Q2

The unemployment rate in New Zealand came in at a seasonally adjusted 5.2 percent in the second quarter of 2025, Statistics New Zealand said on Wednesday.

RTTNews | 20 minutes ago

Taiwan Shares May Head South Again On Wednesday

Taiwan Shares May Head South Again On Wednesday

The Taiwan stock market on Tuesday wrote a finish to the two-day losing streak in which it had slipped more than 270 points or 1.2 percent. The Taiwan Stock Exchange now sits just above the 23,660-point plateau although it may see renewed consolidation on Wednesday.

RTTNews | 23 minutes ago

Singapore Stock Market May Spin Its Wheels On Wednesday

Singapore Stock Market May Spin Its Wheels On Wednesday

The Singapore stock market has climbed higher in two straight sessions, gathering more than 50 points or 1.2 percent along the way. The Straits Times Index now sits just beneath the 4,210-point plateau although it may be stuck in neutral on Wednesday.

RTTNews | 53 minutes ago

Malaysia Bourse May Hand Back Tuesday's Gains

Malaysia Bourse May Hand Back Tuesday's Gains

The Malaysia stock market has alternated between positive and negative finishes through the last five trading days since the end of the three-day losing streak in which it had fallen more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,540-point plateau and it's likely to remain rangebound again on Wednesday.

RTTNews | 1h 23min ago

Japan Shares May Turn Lower Again On Wednesday

Japan Shares May Turn Lower Again On Wednesday

The Japan stock market on Tuesday wrote a finish to the two-day slide in which it had tumbled almost 780 points or 1.8 percent. The Nikkei 225 now sits just shy of the 40,550-point plateau although it may head south again on Wednesday.

RTTNews | 1h 38min ago

South Korea Shares May Be Stuck In Neutral

South Korea Shares May Be Stuck In Neutral

The South Korea stock market has moved higher in back-to-back sessions, advancing almost 80 points or 2.7 percent along the way. The KOSPI now sits just shy of the 3,200-point plateau although the rally may stall on Wednesday.

RTTNews | 1h 53min ago

New Zealand Unemployment Data Due On Wednesday

New Zealand Unemployment Data Due On Wednesday

New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 5.3 percent from 5.1 percent following a 0.1 percent loss in employment.

RTTNews | 2h 53min ago

U.S. Dollar Declines Amid Soft ISM PMI Data

U.S. Dollar Declines Amid Soft ISM PMI Data

The U.S. dollar dropped against its most major counterparts in the New York session on Tuesday amid soft ISM services PMI data for July.

RTTNews | 3h 33min ago

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