FTSE 100 Slips On China COVID Concerns

RTTNews | 980 일 전
FTSE 100 Slips On China COVID Concerns

(RTTNews) - U.K. stocks edged lower on Tuesday amid lingering worries about the COVID-19 situation in China.

Due to the size of the Chinese economy, analysts say that the recent surge in virus cases in the country after a sudden policy shift will have an adverse impact on the global economy in the short term.

The benchmark FTSE 100 dipped 12 points, or 0.2 percent, to 7,347 after rising 0.4 percent the previous day.

Miners traded mixed, with Antofagasta and Glencore rising around half a percent after China's central bank kept benchmark lending interest rates unchanged for the fourth consecutive month.

Bunzl slipped half a percent after the company sold its U.K. healthcare division and bought four new businesses in a series of deals.

Oilfield services provider Petrofac lost 10 percent after flagging an annual operating loss.

read more
DAX Extending Recent Weakness

DAX Extending Recent Weakness

German stocks are down in negative territory on Tuesday, extending losses from the previous session, due to geopolitical concerns and uncertainty about tariffs.
RTTNews | 32 분 전
Sensex, Nifty Tumble On Tariff Worries

Sensex, Nifty Tumble On Tariff Worries

Indian shares tumbled on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
RTTNews | 36 분 전
French Consumer Sentiment Weakest Since 2023

French Consumer Sentiment Weakest Since 2023

France's consumer confidence weakened to the lowest level since October 2023 largely due to the weaker outlook for standard of living and the fall in saving intentions. The consumer sentiment index edged down to 87 in August from 88 in July. This was the lowest reading since October 2023 and remained below its long-term average of 100.
RTTNews | 1 시간 45 분 전
Asian Shares Slip After Trump's Tariff Threats

Asian Shares Slip After Trump's Tariff Threats

Asian stocks fell on Tuesday as Fed independence fears resurfaced and investors awaited Nvidia results amid hopes it can soothe fears about AI spending.
RTTNews | 2 시간 26 분 전
Indian Rupee Falls To More Than 4-week Low On Tariff Worries

Indian Rupee Falls To More Than 4-week Low On Tariff Worries

The Indian rupee weakened against the U.S. dollar in the Asian session on Tuesday, after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
RTTNews | 3 시간 0 분 전
Antipodean Currencies Fall Amid Risk-off Mood

Antipodean Currencies Fall Amid Risk-off Mood

The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Tuesday, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation.
RTTNews | 3 시간 40 분 전
NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Tuesday.
RTTNews | 4 시간 48 분 전