FTSE 100 Remains Steady ; ABF Tanks On Sales Warning

RTTNews | 7j 7min yang lalu
FTSE 100 Remains Steady ; ABF Tanks On Sales Warning

(RTTNews) - The U.K. market is modestly higher in late morning trades on Wednesday, with select frontline stocks finding good support. Movements are a bit lackluster with investors awaiting U.S. inflation data due later in the week.

Concerns about global trade weighed a bit, limiting market's upside. US President Trump reportedly urged the EU to impose tariffs of up to 100% on China and India over their Russian oil imports.

The benchmark FTSE 100 was up 31.97 points or 0.35% at 9,274.50 about half an hour before noon.

DCC is gaining 4.8%. Haleon is rising 3.2% and Anglo American Plc is up nearly 3%.

BAE Systems, Centrica, Prudential, Imperial Brands, Pershing Square Holdings, Admiral Group, The Sage Group, Polar Capital Technology Trust, HSBC Holdings, Standard Chartered, Fresnillo, Phoenix Group Holdings and Smiths Group are up 1 to 2%.

Associated British Foods is tanking nearly 11% after the company warned of slowing sales at Primark in Europe, despite strong growth in the United States.

IAG is down 3.4%, while Easyjet, Ashtead Group, Persimmon, Next, JD Sports Fashion, Segro, Marks & Spencer, Glencore and Kingfisher are down 1 to 2%.

read more
European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.
RTTNews | 14 minit yang lalu
U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.
RTTNews | 3j 27min yang lalu
U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.
RTTNews | 3j 49min yang lalu
U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.
RTTNews | 5j 8min yang lalu
Bay Street Seen Opening Higher

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.
RTTNews | 5j 17min yang lalu
Major European Markets In Positive Territory In Cautious Trade

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.
RTTNews | 5j 51min yang lalu
Sensex, Nifty Close On Firm Note Again

Sensex, Nifty Close On Firm Note Again

Indian stocks closed on a positive note on Wednesday, extending previous session's gains, amid expectations of further reduction in GST rates, and hopes of a larger than expected interest rate cut by the Federal Reserve.
RTTNews | 6j 40min yang lalu
CAC 40 Modestly Higher On Fed Rate Cut Hopes, Easing Political Concerns

CAC 40 Modestly Higher On Fed Rate Cut Hopes, Easing Political Concerns

After opening modestly higher and moving up further, France's CAC 40 gave up some gains subsequently Wednesday morning, but remains in positive territory. The undertone is fairly steady following the appointment of Sébastien Lecornu as France's new Prime Minister.
RTTNews | 7j 30min yang lalu