FTSE 100 Little Changed; Miners Rally On China Stimulus Hopes

RTTNews | 584 일 전
FTSE 100 Little Changed; Miners Rally On China Stimulus Hopes

(RTTNews) - U.K. stocks were little changed on Tuesday, even as miners jumped after reports that policymakers are considering fresh stimulus measures for China's economy and stock market.

The benchmark FTSE 100 was marginally higher at 7,491 after closing 0.4 percent higher on Monday.

Miners Anglo American, Antofagasta and Glencore rallied 1-3 percent. Pub operator Marston added about 1 percent after reporting solid holiday sales growth.

Primark-owner Associated British Foods climbed 1.8 percent after releasing its trading update for the 16 weeks to 6 January 2024.

In economic releases, the U.K. budget deficit narrowed in December, figures from the Office for National Statistics showed earlier today.

Public sector net borrowing excluding public sector banks declined GBP 8.4 billion from the last year to GBP 7.8 billion in December. This was the lowest December borrowing since 2019.

In the financial year-to December, borrowing totaled GBP 119.1 billion, the fourth-highest financial year-to-December borrowing on record.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 3 시간 15 분 전
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 6 시간 5 분 전
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 6 시간 33 분 전
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 9 시간 37 분 전
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 10 시간 20 분 전