FTSE 100 Gains With Focus On Politics

RTTNews | 1156 days ago
FTSE 100 Gains With Focus On Politics

(RTTNews) - U.K. stocks rebounded on Wednesday and the pound fell against the dollar as Prime Minister Boris Johnson faces the fight for his political life, following the resignations of two key ministers.

Cabinet chief of staff Steve Barclay has been appointed as the new health secretary while education secretary Nadhim Zahawi was named as the new finance minister.

The benchmark FTSE 100 jumped 92 points, or 1.3 percent, to 7,118 after plummeting 2.9 percent the previous day on recession worries.

Abrdn soared 7.4 percent after the investment company launched a GBP300-million share buyback program.

Online booking site Trainline jumped almost 20 percent after the company upped its sales outlook, citing a recovery in demand for travel across Europe amid an influx of U.S. tourists.

Investors shrugged off survey results from S&P Global showing that the U.K. construction sector activity growth weakened to a nine-month low in June.

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Japanese Market Significantly Higher

Japanese Market Significantly Higher

Extending the gains in the previous session, the Japanese market is significantly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 42,900 level, with gains across most sectors led by index heavyweights, automakers and technology stocks.
RTTNews | 1h 27min ago
Rebound Anticipated For Thai Stock Market

Rebound Anticipated For Thai Stock Market

The Thai stock market on Thursday snapped the three-day winning streak in which it had jumped almost 24 points or 2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to bounce higher again on Friday.
RTTNews | 1h 33min ago
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is trading notably higher on Friday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level, with gains in financial stocks and a mixed performance across most other sectors.
RTTNews | 1h 46min ago
Hang Seng Tipped To End Losing Streak

Hang Seng Tipped To End Losing Streak

The Hong Kong stock market has moved lower in three straight sessions, sinking more than 550 points or 2.2 percent in that span. The Hang Seng Index now sits just shy of the 25,060-point plateau although it's due for support on Friday.
RTTNews | 1h 48min ago
China Stock Market May Find Traction On Friday

China Stock Market May Find Traction On Friday

The China stock market has moved lower in three straight sessions, dropping more than 110 points or 2.8 percent along the way. The Shanghai Composite Index now sits just above the 3,760-point plateau although it may stop the bleeding on Friday.
RTTNews | 2h 3min ago
Higher Open Called For Taiwan Stock Market

Higher Open Called For Taiwan Stock Market

The Taiwan stock market has tracked higher in consecutive trading days, collecting more than 160 points or 0.7 percent along the way. The Taiwan Stock Exchange now sits just beneath the 24,180-point plateau expected to open to the upside again on Friday.
RTTNews | 2h 33min ago
Singapore Shares May Crack Resistance At 4,300 Points

Singapore Shares May Crack Resistance At 4,300 Points

The Singapore stock market ticked higher again on Thursday, one day after ending the five-day winning streak in which it had climbed more than 50 points or 1.2 percent. The Straits Times Index now sits just shy of the 4,300-point plateau and it may see additional support on Friday.
RTTNews | 3h 3min ago