FTSE 100 Gains As Markets Brace For Truss's Energy Plan

RTTNews | 999 days ago
FTSE 100 Gains As Markets Brace For Truss's Energy Plan

(RTTNews) - U.K. stocks rose on Thursday as investors await an announcement on Prime Minister Liz Truss's energy bill support package and the ECB rate decision later in the day.

The benchmark FTSE 100 was up 25 points, or 0.4 percent, at 7,263 after losing 0.9 percent on Wednesday.

Higher iron ore prices helped lift miners, with Antofagasta rising 1.4 percent and BHP adding 0.9 percent.

Restaurant Group surged 2.8 percent after narrowing its half-year net loss.

Melrose, the turnaround specialist that owns British engineer GKN, fell about 1 percent. The company announcing plans to separate its GKN Automotive and GKN Powder Metallurgy divisions and list them as a separate independent business.

Associated British Foods plunged over 7 percent after a profit warning.

read more
U.S. Job Openings Unexpectedly Increase In April

U.S. Job Openings Unexpectedly Increase In April

Job openings in the U.S. unexpectedly increased in the month of April, according to a report released by the Labor Department on Tuesday. The Labor Department said job openings climbed to 7.391 million in April from an upwardly revised 7.200 million in March.
RTTNews | 56 minutes ago
U.S. Factory Orders Pull Back Sharply In April

U.S. Factory Orders Pull Back Sharply In April

A report released by the Commerce Department on Tuesday showed a substantial pullback by new orders for U.S. manufactured goods in the month of April. The Commerce Department said factory orders plunged by 3.7 percent in April after surging by a downwardly revised 3.4 percent in March.
RTTNews | 1h 18min ago
Eurozone Inflation Falls Below 2% Target To Boost ECB Rate Cut Hopes

Eurozone Inflation Falls Below 2% Target To Boost ECB Rate Cut Hopes

Euro area inflation fell below the 2 percent target in May largely due to the slowdown in services inflation and reinforced expectations for another interest rate reduction from the European Central Bank later this week. Inflation softened more-than-expected to 1.9 percent in May from 2.2 percent in April, figures from Eurostat revealed on Tuesday. The rate was expected to slow to 2.0 percent.
RTTNews | 2h 36min ago
FTSE 100 Up Marginally In Cautious Trade

FTSE 100 Up Marginally In Cautious Trade

After edging up a bit in early trades, the U.K. stock market drifted lower Tuesday morning, but edged up on selective buying and was up marginally nearly half an hour past noon. A downward revision in UK's growth forecast by OECD, and uncertainty surrounding the U.S. Government's tariff moves weigh on sentiment. The OECD has also downgraded its global growth forecast.
RTTNews | 4h 44min ago
Euro Area Jobless Rate Eases To 6.2% As Expected

Euro Area Jobless Rate Eases To 6.2% As Expected

Eurozone unemployment rate fell for the first time in four months in April, in line with expectations, preliminary data from the statistical office Eurostat showed on Tuesday.
RTTNews | 5h 5min ago
CAC 40 Down Marginally In Lackluster Trade

CAC 40 Down Marginally In Lackluster Trade

French stocks are down on Tuesday, extending recent losses, as a downgrade revision in global growth forecast by the Organization for Economic Co-operation and Development (OECD), and continued uncertainty about Trump administration's tariff moves weigh on sentiment.
RTTNews | 5h 20min ago