FTSE 100 Gains Led By Mining Stocks

RTTNews | 829 days ago
FTSE 100 Gains Led By Mining Stocks

(RTTNews) - U.K. stocks were moving higher on Monday despite lingering worries about slowing global growth.

The benchmark FTSE 100 was up 22 points, or 0.3 percent, at 7,776 after closing up 0.3 percent on Friday.

Lender HSBC Holdings rose over 1 percent after it provided a profitable outlook for its business in Asia saying the region is positioned to serve the rest of the world.

Group Chief Executive Noel Quinn commented, "In addition to our core strength in Hong Kong, we now have growth engines in mainland China, India, Singapore and beyond."

Mining stocks traded higher after China's central bank injected more liquidity in the banking system to shore up economic growth. Anglo American, Antofagasta and Glencore all rose about 2 percent.

Diploma Plc jumped 2.4 percent after reporting higher pre-tax profit and revenue growth in its half-year.

British American Tobacco declined 1.7 percent after appointing finance director Tadeu Marroco as its CEO.

read more
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, giving up some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.
RTTNews | 54 minutes ago
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders remain cautious amid lingering uncertainty about the outlook for interest rates ahead of US Fed Chair Jerome Powell's highly anticipated speech at the Jackson Hole Economic Symposium later in the day. Asian markets ended mixed on Thursday.
RTTNews | 1h 19min ago
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares may open on a sluggish note on Friday following six consecutive sessions of gains on optimism about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).
RTTNews | 1h 45min ago
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese market is slightly higher on Friday, snapping a three-session losing streak, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 42,650 level, with gains across all sectors led by automakers and financial stocks as domestic inflation data beat expectations.
RTTNews | 2h 13min ago
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, recouping some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.
RTTNews | 2h 35min ago
Swiss Market Ends Weak

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.
RTTNews | 10h 43min ago