FTSE 100 Down Nearly 0.5%

RTTNews | 48 days ago
FTSE 100 Down Nearly 0.5%

(RTTNews) - The U.K. market is down in negative territory a little before noon on Friday, weighed down by concerns about economic slowdown, and news about a fire near Heathrow that forced the airport to shut down for the day.

Weak public finance data also weigh on sentiment.

The benchmark FTSE 100, which dropped to 8,621.78 in early trades, is down 41.16 points or 0.47% at 8,660.83 about a quarter before noon.

JD Sports Fashion is down 4.4%. Croda International, Antofagasta, Intercontinental Hotels Group, Barclays Group, Glencore and Entain are down 2 to 4%.

Mondi, Spirax Group, Anglo American Plc, Howden Joinery, Rio Tinto, Experian, Lloyds Banking Group, Whitbread, Barratt Redrow and Auto Trader Group are down 1.3 to 2%.

Airlines stocks IAG and EasyJet dropped sharply in early trades. However, IAG has now moved higher, and EasyJet is down just marginally.

Melrose Industries is climbing up nearly 3%. Vodafone Group, 3i Group, Rentokil Initial and Hiscox are up 1 to 1.8%.

Data from the Office for Statistics showed public sector net borrowing rose to GBP 10.7 billion from GBP 10.6 billion in the previous year. Economists had forecast the borrowing to drop to GBP 7.0 billion.

This was the fourth biggest February borrowing since monthly records began in 1993 and also exceeded the GBP 6.5 billion estimated by the Office for Budget Responsibility.

Expenditure grew GBP 3.8 billion to GBP 93.0 billion in February. At the same time, receipts advanced GBP 3.2 billion to GBP 87.7 billion.

read more
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Friday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,200 level, with gains in technology and energy stocks partially offset by weakness in mining stocks.
RTTNews | 1h 7min ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, amid easing concerns about the ongoing trade war after US President Donald Trump unveiled the framework of a trade agreement with the U.K. The Japanese markets are leading regional gains amid hopes that the country will reach a trade agreement with the U.S. in June.
RTTNews | 2h 39min ago
Thai Shares Likely To Remain Rangebound

Thai Shares Likely To Remain Rangebound

The Thai stock market has finished lower in two of three trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,205-point plateau although it may tick higher again on Friday.
RTTNews | 3h 39min ago
Japanese Market Significantly Higher

Japanese Market Significantly Higher

Extending the gains in the previous session, the Japanese market is significantly higher on Friday, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 37,200 level, with gains across all sectors led by index heavyweights and financial stocks.
RTTNews | 4h 3min ago
Indonesia Stock Market May Erase Thursday's Losses

Indonesia Stock Market May Erase Thursday's Losses

The Indonesia stock market on Thursday ended the eight-day winning streak in which it had rallied more than 210 points or 3.2 percent. The Jakarta Composite Index now rests just above the 6,825-point plateau although it may find renewed support on Friday.
RTTNews | 4h 9min ago
Hong Kong Bourse Tipped To Open In The Green

Hong Kong Bourse Tipped To Open In The Green

The Hong Kong stock market has tracked higher in six straight sessions, soaring more than 800 points or 3.7 percent along the way. The Hang Seng Index now sits just above the 22,775-point plateau and it's expected to open to the upside again on Friday.
RTTNews | 4h 24min ago