FTSE 100 Rises On Upbeat Earnings

RTTNews | 510 days ago
FTSE 100 Rises On Upbeat Earnings

(RTTNews) - U.K. stocks traded higher on Tuesday as investors cheered impressive earnings updates from the likes of HSBC and Hargreaves.

Traders also welcomed data from the Bank of England showing that the number of mortgages approved by British lenders rose to an 18-month high in March.

The benchmark FTSE 100 was up 36 points, or 0.4 percent, at 8,182 after ending flat with a positive bias on Monday.

HSBC Holdings jumped 3.6 percent after the bank said it would shortly begin buying back an additional $3 billion of its shares.

Glencore fell about 1 percent after reporting declines in first-quarter copper and coal output.

Prudential slumped 5 percent after the insurer's annual premium equivalent sales for CITIC Prudential Life, its Chinese Mainland JV, fell 17 percent in Q1.

Premier Inn owner Whitbread rallied 2.8 percent after it announced plans to axe around 1,500 U.K. jobs.

Hargreaves Lansdown surged 5.7 percent. The financial services business revealed its AuM levels increased by £7.5billion to a record £149.7billion between January and the end of March.

read more
Dollar Edges Up After Fed's Cautious Rate Cut

Dollar Edges Up After Fed's Cautious Rate Cut

The six-currency Dollar Index which measures the U.S. dollar's strength against a basket of 6 currencies edged up during the week ended September 19 amidst a cautious rate cut by the Federal Reserve as well as status quo by Bank of England and Bank of Japan.
RTTNews | 28 minutes ago
European Shares Seen Mostly Lower In Cautious Trade

European Shares Seen Mostly Lower In Cautious Trade

European stocks are seen opening flat to slightly lower on Monday as investors react to the Trump administration's immigration crackdown on H-1B visas and shift focus to a slew of U.S. economic data as well as speeches by Fed Chair Jerome Powell and other Fed officials due this week for additional clues on the future path of interest rates.
RTTNews | 3h 4min ago
China Leaves Key Interest Rates Unchanged

China Leaves Key Interest Rates Unchanged

The People's Bank of China left its benchmark interest rates unchanged for the fourth straight month despite key indicators suggesting economic slowdown. The PBoC kept its one-year loan prime rate unchanged at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The decision came in line with expectations.
RTTNews | 3h 15min ago
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Monday, but adding to the gains in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,800.00 level, with gains across most sectors led by mining and financial stocks.
RTTNews | 5h 12min ago
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the positive cues from Wall Street on Friday, as the recent interest rate cut decision by the US Fed and the forecast by Fed officials of two more rate cuts this year but just one next year, continue to lift market sentiment. However, major currencies in the region weakened against the US dollar. Asian markets closed mixed on Friday.
RTTNews | 5h 32min ago
Sensex, Nifty Set To Open Lower After Trump's Visa Crackdown

Sensex, Nifty Set To Open Lower After Trump's Visa Crackdown

Indian shares look set to open lower on Monday, with tech stocks likely to be in focus after U.S. President Donald Trump signed an executive order slapping an additional fee on H-1B visa holders, potentially impacting profitability and prompting companies to rethink hiring strategies.
RTTNews | 6h 8min ago
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese stock market is trading sharply higher on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 nearly 600 points to well above the 45,600 level, with gains across most sectors led by exporters and technology stocks.
RTTNews | 6h 24min ago