FTSE 100 Down Slightly As Stocks Turn In Mixed Performance

RTTNews | 6時7分前

(RTTNews) - U.K. stocks are turning in a mixed performance in cautious trade on Tuesday with traders back to trading after a long weekend. Investors are awaiting the monetary policy announcements from the Federal Reserve and the Bank of England, due on Wednesday and Thursday, respectively.

The Federal Reserve is widely expected to hold rates, while the BoE is likely to lower interest rates by 25 basis points.

The benchmark FTSE 100, which moved into positive territory earlier in the session, was down 7.06 points or 0.08% at 8,589.29 a little while ago.

Endeavour Mining is gaining more than 6%. Fresnillo, British American Tobacco, Sainsbury (J), Tesco, Land Securities, Imperial Brands, Diageo, Entain and Kingfisher are up 1 to 3%.

AstraZeneca is gaining about 0.6% on receiving EU approval for Calquence (acalabrutinib) in combination with bendamustine and rituximab.

Deliveroo is up nearly 2% after the company agreed to be acquired by US food delivery major DoorDash in a deal valuing the company at 2.9 billion pounds.

Anglo American Plc shares are down more than 3% after Peabody notified the company that the issues involving the Moranbah North Mine constituted a Material Adverse Change as per the deal terms.

Marks & Spencer, Mondia, Standard Chartered, Anglo American Plc and Melrose Industries are down 3.2 to 4%.

WPP, EasyJet, Scottish Mortgage, Pearson, Shell, Experian, Barclays Group and Natwest Group are also notably lower.

In economic news, the S&P Global UK Composite PMI fell to 48.5 in April from 51.5 in March, revised slightly higher from the flash reading of 48.2. The reading came in below initial market expectations of 50.4, reflecting the first contraction in the nation's economic activity since October of 2023.

The manufacturing PMI came in at 45.4 in April, compared to 44.9 in March, while the Services sector PMI fell to 49.0 in April from 52.5 in March, the S&P Global data showed.

A report from the Society of Motor Manufacturers and Traders Limited showed that new car registrations in the UK fell by 10.4% year-on-year in April to 120,331 units, 13,943 fewer than the same month last year and 25.3% below April 2019 levels.

Swiss Market Ends Flat After Choppy Session

The Switzerland market closed slightly weak after a choppy ride on Tuesday as investors mostly stayed cautious, looking for fresh triggers. The Federal Reserve and the Bank of England are scheduled to announce their rate decisions on Wednesday and Thursday, respectively.

RTTNews | 22分前

European Stocks Close Broadly Lower Ahead Of Key Policy Announcements

European stocks closed broadly lower on Tuesday with investors largely staying cautious, following political and geopolitical developments, digesting economic and earnings updates, and awaiting the monetary policy announcements from the Federal Reserve and the Bank of England, due later in the week.

RTTNews | 38分前

UK Car Sales Drop 10.4% In April As Higher Taxes Hurt - SMMT

New car registrations in the U.K. decreased in April mainly due to customers making purchases early to avoid higher taxes that came into effect at the start of the month, though electric car sales continued to increase, monthly data from the Society of Motor Manufacturers and Traders showed on Tuesday.

RTTNews | 2時37分前

U.S. Trade Deficit Spikes To Record High In March As Import Surge

The U.S. trade deficit spiked by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday. The report said the trade deficit soared to a record high $140.5 billion in March from a revised $123.2 billion in February.

RTTNews | 3時23分前

Eurozone Private Sector Growth Eases On Weaker Demand

Euro area private sector growth weakened in April as soft demand conditions limited the speed of expansion and weighed on sentiment, final results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB final composite output index fell to 50.4 in April from 50.9 in March, but the reading suggested growth for the fourth straight month.

RTTNews | 4時26分前

U.S. Trade Deficit Surges Much More Than Expected In March

The U.S. trade deficit spiked by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday.

RTTNews | 4時50分前

Bay Street Likely To Open On Mixed Note

Canadian shares may be weighed down on Tuesday by U.S. President Donald Trump's announcement on Monday that he is likely to announce pharmaceutical tariffs soon. The Federal Reserve's monetary policy announcement, due on Wednesday, is also in focus. However, higher crude oil and metal prices could trigger some buying in energy and materials space.

RTTNews | 5時3分前

Philips Cuts FY25 Margin View On Tariffs, Despite Higher Q1 Income, Orders; Stock Down

Shares of Royal Philips N.V. were losing around 3 percent in the mid-day trading in Amsterdam, as well as around 5 percent in pre-market activity on the NYSE, after the Dutch consumer electronics giant on Tuesday trimmed its margin forecast for fiscal 2025 to reflect the estimated net tariff impact of 250 million euros to 300 million euros. Further, the firm maintained annual sales view,...

RTTNews | 6時6分前

EURUSD	1.1366	GBPUSD	1.33704	AUDUSD	0.64955
USDJPY	142.582	USDCAD	1.37732	USDCHF	0.82261

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FTSE 100 Down Slightly As Stocks Turn In Mixed Performance