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FTSE 100 Marginally Higher As Miners Surge On US Debt Deal Hopes

RTTNews | 808 days ago

FTSE 100 Marginally Higher As Miners Surge On US Debt Deal Hopes

(RTTNews) - U.K. shares were seeing marginal gains on Friday after official data showed U.K. retail sales recovered in April driven by food and non-food turnover.

The retail sales volume increased 0.5 percent month-on-month, in contrast to the 1.2 percent fall in March. Sales were forecast to grow more moderately by 0.3 percent.

On a yearly basis, retail sales dropped at a slower pace of 3.0 percent, in line with expectations, after a 3.9 percent decrease in March.

The benchmark FTSE 100 was up 6 points at 7,578 after closing 0.7 percent lower on Thursday.

Miners Anglo American, Antofagasta and Glencore all jumped around 3 percent on U.S. deal optimism.

AstraZeneca gained half a percent after a combination of its cancer drugs Imfinzi and Lynparza showed positive results in a late-stage trial.

UK Commercial Property REIT, a real estate investment trust, added nearly 2 percent. The company has sold its Webley Logics Asset in London measuring 186,455 sq ft for 74 million pounds to Covent Garden IP Limited, a registered charity.

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Swiss Market Fails To Hold Early Gains, Ends Just Slightly Up

Swiss Market Fails To Hold Early Gains, Ends Just Slightly Up

Despite opening on a firm note, the Switzerland market paring gains and even slipped into negative territory in late afternoon trades on Monday, but managed to end the day's session slightly up.

RTTNews | 47 minutes ago

European Stocks Close On Mixed Note After Cautious Session

European Stocks Close On Mixed Note After Cautious Session

European stocks turned in a mixed performance on Monday after a cautious session as investors looked ahead to upcoming talks between the U.S. and Russia on the Ukraine war issue, and the ongoing tariff negotiations between the U.S. and China, as well as some crucial economic data, including a report on consumer price inflation in the world's largest economy.

RTTNews | 1h 11min ago

Rate Cut Hopes Drag The Dollar Down

Rate Cut Hopes Drag The Dollar Down

The U.S. dollar declined against major currencies during the week ended August 8 amidst weak economic data that renewed hopes of a larger-than expected and higher-than-expected monetary policy easing by the Federal Reserve.

RTTNews | 3h 51min ago

Bay Street Likely To Open Slightly Higher, But Weak Metal Prices Could Weigh

Bay Street Likely To Open Slightly Higher, But Weak Metal Prices Could Weigh

Canadian stocks may open with a slightly positive bias on Monday with investors looking ahead to the crucial U.S. inflation data due this week. The focus is also Trump administration's trade negotiations with China, and on the upcoming talks between the U.S. and Russia, aimed at bringing an end to the war in Ukraine.

RTTNews | 6h 4min ago

FTSE 100 Up Marginally As Investors Look For Direction

FTSE 100 Up Marginally As Investors Look For Direction

The U.K. market is up in positive territory a little before noon on Monday with select counters attracting some strong buying interest. Uncertainty on the tariff front is rendering the mood a bit cautious and limiting the market's upside.

RTTNews | 7h 39min ago

CAC 40 Drifts Lower In Lackluster Trade

CAC 40 Drifts Lower In Lackluster Trade

French stocks are down in negative territory on Monday as investors look for direction and make cautious moves while awaiting U.S. - Russia talks set to take place later in the week.

RTTNews | 8h 0min ago

Sensex Jumps 746 Points As Focus Shifts To Trump-Putin Talks; Nifty Ends At 24,585

Sensex Jumps 746 Points As Focus Shifts To Trump-Putin Talks; Nifty Ends At 24,585

Indian shares rose notably on Monday, with benchmark indexes Sensex and Nifty both rising around 1 percent after six straight weeks of declines.

RTTNews | 8h 6min ago

DAX Modestly Lower In Cautious Trade; Defense Stocks Drift Lower

DAX Modestly Lower In Cautious Trade; Defense Stocks Drift Lower

After opening slightly up, the German market retreated Monday morning with investors largely turning cautious, as they continue to assess the impact of U.S. tariffs and the ongoing uncertainty on the geopolitical front.

RTTNews | 8h 16min ago

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