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FTSE 100 Declines As Commodity Stocks Drag
(RTTNews) - U.K. stocks fell on Monday as lower commodity prices amid worries about slowing global growth weighed on commodity stocks.
Meanwhile, U.K. house price growth eased in April, Rightmove said in a report.
On a monthly basis, average asking prices rose by 0.2 percent, down from 0.8 percent growth in March and the average of 1.2 percent growth at this time of year.
The benchmark FTSE 100 was down 9 points, or 0.1 percent, at 7,904 after closing 0.2 percent higher on Friday.
Oil & gas firm BP Plc dropped 0.7 percent and Shell declined about 1 percent as oil prices fell over 1 percent on concerns about fuel demand.
In the mining sector, Glencore lost 1.2 percent and Anglo American was little changed.
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Swiss Franc Falls Against Majors
The Swiss franc dropped against its major counterparts in the New York session on Wednesday.
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1h 43min ago
Swiss Market Ends Moderately Lower
After a brief spell in positive territory early on in the session on Wednesday, the Switzerland market turned a bit easy and moved along the flat line till around mid afternoon before losing ground to eventually close on a negative note.
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4h 31min ago
European Stocks Close On Mixed Note
European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.
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5h 1min ago
U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected
Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.
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8h 14min ago
U.S. Producer Prices Unexpectedly Edge Slightly Lower In August
Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.
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8h 36min ago
U.S. Producer Prices Unexpectedly Edge Down 0.1% In August
Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.
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9h 55min ago
Bay Street Seen Opening Higher
Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.
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10h 5min ago
Major European Markets In Positive Territory In Cautious Trade
The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.
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10h 38min ago
