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FTSE 100 Extends Losses On Fed Worries

RTTNews | 971 days ago

FTSE 100 Extends Losses On Fed Worries

(RTTNews) - U.K.'s stocks edged lower on Wednesday on the back of hawkish comments from Federal Reserve Chair Jerome Powell and a much lower profit reported by insurance giant Admiral.

The benchmark FTSE 100 slipped 0.3 percent to 7,895 after closing 0.1 percent lower on Tuesday.

Admiral Group shares fell nearly 5 percent. The financial services provider proposed a lower dividend for the year after reporting a sharp fall in profit.

Hill & Smith, a provider of infrastructure and safe transport solutions, declined 3.5 percent despite reporting a 62 percent increase in its fiscal 2022 profit before tax.

Similarly, financial services group Legal & General was down more than 2 percent despite reporting strong growth in profit in 2022.

Restaurant Group plunged 8 percent after widening its FY22 loss.

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Indonesia Stock Market To Remain Rangebound On Tuesday

Indonesia Stock Market To Remain Rangebound On Tuesday

The Indonesia stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,275-point plateau and it's likely to see little movement on Tuesday.

RTTNews | 1h 12min ago

Mild Upside Seen For Hong Kong Stock Market

Mild Upside Seen For Hong Kong Stock Market

The Hong Kong stock market on Monday ended the three-day losing streak in which it had dropped more than 520 points or 2 percent. The Hang Seng Index now rests just above the 26,150-point plateau and it's tipped to open in the green on Tuesday.

RTTNews | 1h 27min ago

Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is trading notably lower on Tuesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,850 level, with weakness in iron ore miners, financial, energy and technology stocks partially offset by gains in gold miners and stocks.

RTTNews | 1h 35min ago

China Stock Market May Spin Its Wheels On Tuesday

China Stock Market May Spin Its Wheels On Tuesday

The China stock market on Monday ended the two-day slide in which it had dropped more than 60 points or 1.5 percent. The Shanghai Composite Index now sits just above the 3,975-point plateau and it's likely to be rangebound on Tuesday.

RTTNews | 1h 42min ago

Japan Manufacturing PMI Sinks To 48.2 In October - Jibun Bank

Japan Manufacturing PMI Sinks To 48.2 In October - Jibun Bank

The manufacturing sector in Japan continued to contract in October, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a manufacturing PMI score of 48.2.

RTTNews | 2h 8min ago

Tech Shares May Boost Taiwan Stock Market

Tech Shares May Boost Taiwan Stock Market

The Taiwan stock market on Monday snapped the two-day slide in which it had slipped more than 60 points or 0.2 percent. The Taiwan Stock Exchange now sits just above the 28,330-point plateau and it may tick higher again on Tuesday.

RTTNews | 2h 12min ago

Singapore Shares May Remain Stuck In Neutral On Tuesday

Singapore Shares May Remain Stuck In Neutral On Tuesday

The Singapore stock market on Monday wrote a finish to the three-day slide in which it had slipped more than 20 points or 0.5 percent. The Straits Times Index now sits just beneath the 4,450-point plateau although it may spin its wheels on Tuesday.

RTTNews | 2h 42min ago

South Korea Inflation Rises 0.3% In October

South Korea Inflation Rises 0.3% In October

Consumer prices in South Korea were up a seasonally adjusted 0.3 percent on month in October, Statistics Korea said on Tuesday.

RTTNews | 3h 11min ago

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