FTSE 100 Declines As Miners Drag On Growth Worries

RTTNews | 1138 hari yang lalu
FTSE 100 Declines As Miners Drag On Growth Worries

(RTTNews) - U.K. stocks fell on Thursday as oil and metal prices extended losses, weighing on commodity-related stocks.

The benchmark FTSE 100 dropped 46 points, or 0.7 percent, to 7,043 after losing 0.9 percent on Wednesday.

BP Plc was down 0.6 percent and Shell declined half a percent as oil prices fell around 2 percent on concerns over a possible slowdown in fuel demand.

Miners Anglo American, Antofagasta and Glencore gave up 2-4 percent as copper and other metals extended recent declines on fears of a U.S. recession.

Polymetal was marginally higher after providing an update on its business, including the current impact of sanctions against Russia.

In economic releases, the U.K. budget deficit exceeded the official estimate in May as higher inflation pushed up interest payments on government debt, the Office for National Statistics said.

Public sector net borrowing, excluding public sector banks, declined GBP 4.0 billion from the previous year to GBP 14.0 billion in May. Economists had forecast the deficit to fall to GBP 12 billion.

Nonetheless, this was the third-biggest May borrowing since records began in 1993 and GBP 3.7 billion more than the Office for Budget Responsibility forecast.

read more
U.S. Factory Orders Pull Back Sharply In June

U.S. Factory Orders Pull Back Sharply In June

After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.
RTTNews | 51 minit yang lalu
Weak Jobs Data Limits Dollar's Rebound

Weak Jobs Data Limits Dollar's Rebound

A smaller-than expected addition to non-farm payrolls curtailed the dollar's rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.
RTTNews | 53 minit yang lalu
Eurozone Investor Sentiment Weakens Unexpectedly

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.
RTTNews | 2j 11min yang lalu
Bay Street Seen Opening On Cautious Note

Bay Street Seen Opening On Cautious Note

Canadian stocks may open on a mixed note on Monday with investors likely to stay cautious ahead of implementation of levies imposed by U.S. President Donald Trump, and a slew of earnings announcements due this week. Weak oil prices may weigh a bit.
RTTNews | 2j 19min yang lalu
FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

The UK market is up in positive territory on Monday with stocks from the financial sector contributing significantly to the upmove after the outcome from the UK's motor finance investigation turned out to less severe than feared, with potential compensation estimated at 9 billion pounds, much less than the expected quantum o 30 billion pounds.
RTTNews | 3j 10min yang lalu
Indian Rupee Falls To 4-day Low Against U.S. Dollar

Indian Rupee Falls To 4-day Low Against U.S. Dollar

The Indian rupee weakened against the U.S. dollar in the European session on Monday, as investors await the announcement of the interest rate decision by the Reserve Bank of India (RBI) on Wednesday.
RTTNews | 3j 33min yang lalu
CAC Moderately Higher As Stocks Recover From Recent Setback

CAC Moderately Higher As Stocks Recover From Recent Setback

The French stock market is up firmly in positive territory on Monday with several counters from across various sectors attracting buyers after last week's decline following a sweeping tariff announcement from U.S. President Donald Trump.
RTTNews | 3j 39min yang lalu
DAX Up 1.1% As Stocks Rebound From Recent Losses

DAX Up 1.1% As Stocks Rebound From Recent Losses

German stocks are up firmly in positive territory on Monday, recovering well from recent losses, as investors look past last week's tariff announcement from U.S. President Donald Trump and focusing on recent earnings.
RTTNews | 3j 57min yang lalu