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FTSE 100 Rises Despite Tesco's Inflation Warning

RTTNews | 1056 days ago

FTSE 100 Rises Despite Tesco's Inflation Warning

(RTTNews) - U.K. stocks advanced on Friday, a day after the Bank of England stuck to its gradual increases in interest rates and said it was ready to act "forcefully" to stamp out dangers posed by rising inflationary pressures.

The benchmark FTSE 100 rose 62 points, or 0.9 percent, to 7,107 after plunging 3.1 percent on Thursday.

Tesco shares were little changed. The retailer said it was seeing early indications of changing customer behavior due to pressure on households from soaring inflation.

Miner and trader Glencore rallied 2.4 percent after saying it was on track for a record full-year performance.

Media firm Future surged 6.2 percent after it has made an "encouraging start" to the second half, supported by a return to audience growth.

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Higher Open Called For Taiwan Stock Market

Higher Open Called For Taiwan Stock Market

The Taiwan stock market turned lower again on Thursday, one day after snapping the two-day slide in which it had slumped more than 260 points or 1.3 percent. The Taiwan Stock Exchange now sits just shy of the 20,550-point plateau, although it's likely to rebound again on Friday.

RTTNews | 11 minutes ago

Renewed Support Anticipated For Singapore Stock Market

Renewed Support Anticipated For Singapore Stock Market

The Singapore stock market on Thursday ended the five-day winning streak in which it had risen more than 60 points or 1.7 percent. The Straits Times Index now sits just shy of the 3,850-point plateau although it's expected to bounce higher again on Friday.

RTTNews | 41 minutes ago

Japan Household Spending Rises 2.1% On Year In March

Japan Household Spending Rises 2.1% On Year In March

The average of household spending in Japan was up 2.1 percent on year in March, the Ministry of Internal Affairs and Communications said on Friday - coming in at 290,511 yen.

RTTNews | 1h 4min ago

Little Movement Expected For Malaysia Stock Market

Little Movement Expected For Malaysia Stock Market

The Malaysia stock market headed south again on Thursday, one session after ending the two-day slide in which it had slipped six points or 0.4 percent. The Kuala Lumpur Composite Index now sits just above the 1,540-point plateau and it's expected to remain rangebound again on Friday.

RTTNews | 1h 11min ago

Japan Bourse May Extend Thursday's Gains

Japan Bourse May Extend Thursday's Gains

The Japanese stock market bounced higher again on Thursday, one day after halting the seven-day winning streak in which it had rallied more than 2,600 points or 7.6 percent. The Nikkei 225 now sits just shy of the 36,930-point plateau and it may add to its winnings on Friday.

RTTNews | 1h 26min ago

South Korea Has $9.14 Billion Current Account Surplus

South Korea Has $9.14 Billion Current Account Surplus

South Korea posted a current account surplus of $9.14 billion in March, the Bank of Korea said on Friday - up from $7.18 billion in February.

RTTNews | 1h 29min ago

Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has climbed higher in three straight sessions, collecting more than 20 points or 0.8 percent along the way. The KOSPI now sits just shy of the 2,580-point plateau and it may see additional support on Friday.

RTTNews | 1h 41min ago

China Trade Data Due On Friday

China Trade Data Due On Friday

China will on Friday release April figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.

RTTNews | 2h 41min ago

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