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FTSE 100 Little Changed As Commodity Stocks Drag
(RTTNews) - U.K. stocks were little changed on Wednesday as energy stocks fell after a sharp decline in oil prices overnight.
The benchmark FTSE 100 was marginally higher at 7,563 after climbing 1.4 percent in the previous session.
Oil & gas firm BP Plc lost 3 percent and Shell declined 2.7 percent as oil prices fell nearly 2 percent in European trade, after having fallen more than 4 percent in the U.S. trading session amid a deteriorating fuel demand outlook in China.
Miners Anglo American and Antofagasta both fell around 1 percent while commodity trading and mining firm Glencore lost nearly 5 percent.
Banks HSBC Holdings and Barclays rose around 1 percent each on expectations that they would benefit from higher interest rates.
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Singapore Shares May Find Traction On Thursday
The Singapore stock market has moved lower in two straight sessions, slumping more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just beneath the 4,420-point plateau although it may find support on Thursday.
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1h 32min ago
Rebound Anticipated For Malaysia Stock Market
The Malaysia stock market on Wednesday snapped the two-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,620-point plateau although it figures to bounce higher again on Thursday.
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2h 2min ago
South Korea Current Account Surplus $13.47 Billion In September
South Korea posted a current account surplus of $13.47 billion in September, the Bank of Korea said on Wednesday - up from $9.15 billion.
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2h 15min ago
Canadian Dollar Drops Against Most Majors
The Canadian dollar fell against its most major counterparts in the New York session on Wednesday.
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2h 15min ago
Bargain Hunting Likely To Boost Japan Stock Market
The Japan stock market has moved lower in consecutive trading days, plunging nearly 2,200 points or 4.2 percent in that span. The Nikkei 225 now rests just beneath the 50,200-point plateau although it's likely to open in the green on Thursday.
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2h 17min ago
Steady Start Seen For KOSPI
The South Korea stock market has finished lower in back-to-back sessions, tumbling almost 220 points or 5 percent in that span. The KOSPI sits just above the 4,000-point plateau although it's expected to halt its slide on Thursday.
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2h 32min ago
Australia Trade Data Due On Thursday
Australia will on Thursday release September figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In August, imports rose 3.2 percent on month and exports fell 7.8 percent for a trade surplus of A$1.825 billion.
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3h 2min ago
Swiss Market Ends On Positive Note; UBS, Sika Among Top Gainers
The Switzerland market started off on a weak note on Wednesday, and like most of its European peers, recovered gradually and kept edging higher past mid afternoon to eventually settle on a firm note.
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6h 55min ago
