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FTSE 100 Inches Higher Led By Miners
(RTTNews) - U.K. stocks edged higher on Tuesday as higher base metal prices lifted mining stocks. The benchmark FTSE 100 was up 17 points, or 0.2 percent, at 7,585 after inching up 0.1 percent on Monday.
Miners Anglo American, Antofagasta and Glencore jumped 2-4 percent after China's central bank lowered a short-term lending rate for the first time in 10 months.
Tatton Asset Management rallied 2.8 percent after reporting a rise in FY23 pre-tax profit and assets.
British Gas owner Centrica fell more than 1 percent. After posting strong performance for the first five months of the year, the energy company forecast 2023 earnings at the top end of analysts' views.
Equipment rental firm Ashtead was down 0.6 percent despite reporting higher annual profit and revenue.
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Philly Fed Index Jumps More Than Expected But Remains Negative In May
Philadelphia-area manufacturing activity remained weak in the month of May, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity jumped to a negative 4.0 in May from a negative 26.4 in April, but a negative reading still indicates contraction.
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58 minit yang lalu
U.S. Retail Sales Inch Up In Line With Estimates In April
A report released by the Commerce Department on Thursday showed a slight increase by U.S. retail sales in the month of April. The Commerce Department said retail sales crept up by 0.1 percent in April after surging by an upwardly revised 1.7 percent in March. Economists had expected retail sales to inch up by 0.1 percent compared to the 1.4 percent jump originally reported for the previous month.
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1j 13min yang lalu
U.S. Producer Prices Unexpectedly Decrease In April
Producer prices in the U.S. unexpectedly decreased in the month of April, according to a report released by the Labor Department on Thursday. The Labor Department said its producer price index for final demand fell by 0.5 percent in April following a revised unchanged reading in March. Economists had expected producer prices to rise by 0.2 percent.
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1j 16min yang lalu
Eurozone GDP Expands 0.3% In Q1; Employment Growth Improves
Euro area economic growth accelerated less than estimated in the first quarter and employment logged a faster increase, flash estimate from Eurostat showed on Thursday. Gross domestic product expanded 0.3 percent on a quarterly basis, which was revised down from the 0.4 percent growth estimated on April 30. This followed the fourth quarter's 0.2 percent expansion.
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1j 18min yang lalu
U.S. Weekly Jobless Claims Unchanged From Upwardly Revised Level
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in unchanged in the week ended May 10th The report said initial jobless claims came in at 229,000 last week, unchanged from the previous week's revised level. Economists had expected jobless claims to tick up to 229,000 from the 228,000 originally reported for the previous week.
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1j 26min yang lalu
U.S. Industrial Production Unexpectedly Unchanged In April
With a rebound by utilities output offset by decreases by manufacturing and mining output, the Federal Reserve released a report on Thursday showing industrial production in the U.S. came in unchanged in the month of April.
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2j 2min yang lalu
ThyssenKrupp Shares Hit On Weak Adj. Earnings, Orders In Q2; Backs Outlook
Shares of ThyssenKrupp AG were losing around 14 percent in German trading after the industrial conglomerate reported Thursday sharply lower adjusted operating profit in its second quarter amid weak revenues and orders due to market conditions, even as it truned around to a net profit. Further, the company maintained its fiscal 2025 forecast.
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2j 18min yang lalu
New York Manufacturing Index Dips Further Into Negative Territory In May
A report released by the Federal Reserve Bank of New York said regional manufacturing activity continued to decline modestly in the month of May.
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2j 19min yang lalu
