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FTSE 100 Rebounds Led By Banks
(RTTNews) - U.K. stocks opened higher on Thursday as banks rebounded after Credit Suisse said that it will borrow up to $54 billion from the Swiss National Bank.
HSBC, Lloyds Banking and Barclays climbed 2-3 percent. The benchmark FTSE 100 was up 48 points, or 0.7 percent, at 7,392 after losing 3.8 percent the previous day.
Gold mining Centamin gained 0.8 percent after reporting a rise in FY22 pre-tax profit on higher revenue.
United Utilities fell about 1 percent. The water company confirmed that its Chief Executive Officer, Steve Mogford, is retiring with effect from March 31.
Investec rallied 2.7 percent after the niche bank and wealth manager said it expects a jump operating profit for the year to the end of March 2023.
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U.S. Dollar Falls Amid Rising Fed Rate Cut Bets
The U.S. dollar weakened against other major currencies in the late Asian session on Monday, due to growing speculation that the U.S. Federal Reserve (Fed) may lower interest rates at its September meeting.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the late Asian session on Monday.
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UK House Price Growth Softens In August
UK house prices logged a slower pace of growth in August due to stretched affordability, the Nationwide Building Society said Monday. House prices increased 2.1 percent on a yearly basis in August, slower than the 2.4 percent rise seen in July. On a monthly basis, house prices edged down 0.1 percent, in contrast to the 0.5 percent increase in the previous month.
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European Shares Inch Higher As US Court Calls Trump Tariffs Illegal
European stocks were slightly higher on Monday after a U.S. appeals court ruled that many of President Donald Trump's tariffs, which have upended global trade, were illegal.
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Asian Shares Mixed After US Tech Selloff
Asian stocks turned in a mixed performance on Monday as China's factory activity data painted a mixed picture of the world's second-largest economy and investor enthusiasm for artificial intelligence waned.
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China Manufacturing Activity Returns To Growth
China's manufacturing sector returned to growth in August as rising orders pushed up purchasing activity and unfinished business but firms remained cautious about hiring, survey data from S&P Global showed on Monday. The RatingDog manufacturing Purchasing Managers' Index posted 50.5 in August, up from 49.5 in July. A reading above 50.0 indicates expansion in the sector.
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2j 57min yang lalu
European Economic News Preview: UK Mortgage Approvals, House Price Data Due
Mortgage approvals, house prices and final manufacturing Purchasing Managers' survey results from the UK are the top economic news due on Monday. At 2.00 am ET, the Office for National Statistics releases UK Nationwide house price data. Economists forecast house prices to rise 0.1 percent month-on-month in August, following a 0.6 percent rise in July.
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4j 23min yang lalu
European Shares Seen Mostly Higher As Trump's Tariffs Face Legal Hurdle
European stocks look set to open broadly higher on Monday, with trading volumes likely to remain thin due to the long Labour Day weekend in the United States.
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4j 33min yang lalu
