FTSE 100 Subdued As Metal Stocks Decline On China Growth Concerns

RTTNews | 698 days ago
FTSE 100 Subdued As Metal Stocks Decline On China Growth Concerns

(RTTNews) - U.K. stocks were subdued on Thursday as mining stocks fell on concerns about China's economic recovery and the Fed's hawkish policy outlook.

The benchmark FTSE 100 was marginally lower at 7,599 after closing 0.1 percent higher on Wednesday.

Miners Antofagasta and Glencore fell over 1 percent each as the latest Chinese data on retail sales, industrial output, fixed asset investment and home prices fueled the gloom over the country's economic recovery.

Anglo American fell nearly 2 percent. The company has signed a pact with Jiangxi Copper Company, a Chinese copper producer, to work together to provide greater assurance on the way copper is mined, processed, and brought to market.

Event organizer Informa jumped 3.2 percent after lifting its annual outlook.

Agri-Services group Origin Enterprises gained 1.7 percent. The company reported that its year-to-date revenue increased 9.3 percent or 11.3 percent on a constant currency basis to over 1.92 billion euros.

Halma plunged 5 percent after posting lower FY23 attributable profit.

Legal & General fell 2.6 percent after naming an outsider as its next chief executive officer to replace Nigel Wilson.

read more
European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Labor market statistics from the UK and economic sentiment from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK unemployment and wage data for the first quarter. The jobless rate is forecast to rise to 4.5 percent from 4.4 percent in the preceding period.
RTTNews | 20 minutes ago
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous four sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,300 level, with gains across most sectors led by technology, iron ore miners and energy stocks. Gold stocks were the only weak spot.
RTTNews | 2h 8min ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid easing fears of a prolonged trade global war after news that the US and China have agreed to drastically reduce the massive tariffs on each other's goods by 115 percent while retaining an additional 10 percent tariff. Asian markets closed mostly higher on Monday.
RTTNews | 2h 36min ago
Additional Support Expected For Thai Stock Market

Additional Support Expected For Thai Stock Market

Ahead of Monday's holiday for Wesak Day, the Thai stock market had alternated between positive and negative finishes through the previous four trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,210-point plateau and it's got a strong lead for Tuesday's trade.
RTTNews | 4h 3min ago
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving above the 38,300 level, with gains across all sectors led by strong gains in technology and financial stocks.
RTTNews | 4h 7min ago
Overbought Hang Seng Nonetheless Called Higher

Overbought Hang Seng Nonetheless Called Higher

The Hong Kong stock market has tracked higher in eight straight sessions, soaring almost 1,600 points or 7.1 percent along the way. The Hang Seng Index now sits just beneath the 23,550-point plateau and it's expected to at least open in positive territory on Tuesday.
RTTNews | 4h 18min ago